WED 28 JULY, 2021-theGBJournal-The Trading in the local bourse ended on a bearish note, as a late sell-off of ZENITHBANK (-0.6%) undermined market performance. As a result, the NGX ASI declined by 3bps to close at 38,791.03 points. Accordingly, the Month-to-Date gain printed +2.3%, while the Year-to-Date loss remained flat at -3.7%.
The total volume of trades declined by 2.3% to 237.51 million units, valued at NGN1.88 billion, and exchanged in 4,305 deals. OANDO was the most traded stock by volume at 44.29 million units, while ZENITHBANK was the most traded stock by value at NGN270.80 million.
Sectoral performance was mixed, as the Oil and Gas (+1.7%) and Consumer Goods (+0.1%) indices recorded gains, while the Banking (-0.9%) and Insurance Goods (-0.9%) indices declined. Elsewhere, the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 22 tickers lost, relative to 18 gainers. TRIPPLEG (-10.0%) and CHIPLC (-10.0%) topped the losers’ list, while CAPHOTEL (+9.9%) and OANDO (+9.8%) recorded the most significant gains of the day.
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