MON 10 JAN, 2022-theGBJournal- The local bourse kicked off the week on a bullish note, as bargain buying on DANGCEM (+4.0%) stock triggered a 0.1% gain in the NGX All-Share Index to 43,897.13 points. Accordingly, the Year-to-Date return increased to +2.8%.
The total volume traded decreased by 21.3% to 311.26 million units, valued at NGN8.64 billion, and exchanged in 5,159 deals. BUAFOODS was the most traded stock by volume and value at 101.36 million units and NGN5.93 billion, respectively.
Performance across sectors was mixed following losses in the Oil & Gas (-0.6%), Banking (-0.1%), and Consumer Goods (-0.1%) indices and gains in the Insurance (+2.8%) and Industrial Goods (+1.7%) indices.
As measured by market breadth, market sentiment was positive (1.5x) as 28 tickers gained relative to 19 losers. BUAFOODS (+10.0%) and MRS (+9.7%) recorded the most significant gains of the day, while NNFM (-9.7%) and UBN (-6.9%) topped the losers’ list.
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