MON 18 JAN, 2021-theGBJournal- The domestic equities market Monday traded with negative sentiment, following profit taking on DANGCEM (-1.0%), FBNH (-4.0%) and FLOURMILL (-5.5%) stocks. The All-Share Index declined by 0.2% to 41,082.38 points in response. Accordingly, Month-to-Date and Year-to-Date return both moderated to +2.0%.
The total volume traded increased by 10.8% to 738.52 million units, valued at NGN4.17 billion, and exchanged in 7,396 deals. UNIVINSURE was the most traded stock by volume at 51.79 million units, while ZENITHBANK was the most traded stock by value at NGN820.12 million.
Sectoral performance was mixed, following a gain in the Insurance (+6.0%) index, and losses in the Consumer Goods (-0.6%) and Industrial Goods (-0.4%) indices. The Banking and Oil & Gas indices closed flat.
Market sentiment, as measured by market breadth, was positive (1.7x), as 35 tickers gained, relative to 21 losers. AIICO (+10.0%) and AFRINSURE (+10.0%) recorded the largest gains of the day, while FLOURMILL (-5.5%) and WEMABANK (-5.3%) topped the losers’ list.
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