MON 17 JAN, 2022-theGBJournal- The Nigerian equities market started the week on a negative note as profit-taking witnessed in BUAFOODS (-6.4%) caused a 0.1% decline in the benchmark index. Thus, the NGX ASI settled at 44,399.66 points. Consequently, the Year-to-Date gain moderated to +3.9%.
The total volume traded declined by 47.2% to 214.32 million units, valued at NGN2.69 billion, and exchanged in 4,410 deals. TRANSCORP was the most traded stock by volume at 39.35 million units, while GTCO was the most traded stock by value at NGN625.09 million.
On sectors, the Industrial Goods (+0.8%), Oil & Gas (+0.2%), and Consumer Goods (+0.2%) indices recorded gains, while the Insurance (-0.2%) and Banking (-0.1%) indices declined.
As measured by market breadth, market sentiment was negative (0.7x) as 21 tickers lost to 14 gainers. VERITASKAP (-8.7%) and MBENEFIT (-7.4%) recorded the most significant losses of the day, while ETERNA (+7.0%) and WAPIC (+6.3%) topped the gainers’ list.
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