THUR 14 OCT, 2021-theGBJournal- The Nigerian equities market maintained positive trading for the third-straight session as sustained buying interest in FBNH (+7.3%) drove the All-Share Index higher.
Precisely, the ASI advanced by 0.2% to 41,129.98 points, with the Month-to-Date and Year-to-Date returns increasing to +2.3% and +2.1%, respectively.
The total volume of trades surged by 103.5% to 908.06 million units, valued at NGN10.97 billion, and exchanged in 5,151 deals. FBNH was the most traded stock by volume and value at 602.77 million units and NGN7.11 billion, respectively.
Analysing by sectors, the Insurance (-1.1%) and Banking (-0.8%) indices declined, while the Consumer Goods (+0.2%) and Industrial Goods (+0.2%) indices posted gains; the Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.5x), as 21 tickers gained relative to 14 losers. CHAMPION (+9.7%) and AFRIPRUD (+7.8%) topped the gainers’ list, while LEARNAFRCA (-10.0%) and UPL (-8.2%) recorded the most significant losses of the day.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
