TUE 10 AUG, 2021-theGBJournal- The NGX Exchange bounced from yesterday’s loss as foreign investors’ interest in AIRTELAFRI (+10.0%) drove the NGX ASI higher by 1.6% to 39,176.62 points. Accordingly, the Month-to-Date gain increased to +1.6%, while the Year-to-Date loss moderated to -2.7%.
The total volume of trades increased by 155.8% to 474.53 million units, valued at NGN3.98 billion, and exchanged in 4,161 deals. BOCGAS was the most traded stock by volume and value at 249.77 million units and NGN1.37 billion, respectively.
On sectors, the Insurance (-0.2%), Consumer Goods (-0.1%) and Industrial Goods (-0.1%) indices recorded declines while the Oil & Gas (+0.1%) index was the lone gainer in our coverage. Meanwhile, the Banking index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 21 tickers gained, relative to 16 losers. AIRTELAFRI (+10.0%) and UNITYBNK (+7.1%) topped the gainers’ list, while CHIPLC (-6.9%) and JAIZBANK (-4.8%) recorded the most significant losses of the day.
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