TUE 08 FEB, 2022-theGBJournal- The domestic bourse extended yesterday’s loss as investors sold off BUAFOODS (-4.0%) and MTNN (-1.0%). Thus, the NGX All-Share Index declined by 0.3% to 47,057.24 points.
Consequently, the Month-to-Date and Year-to-Date returns moderated to +0.9% and +10.2%, respectively.
The total volume of trades declined by 16.6% to 238.22 million units, valued at NGN5.09 billion, and exchanged in 4,826 deals. GTCO remained the most traded stock by volume and value at 32.35 million units and NGN887.64 million, respectively.
On sectors, the Insurance (+2.4%) and Oil &Gas (+0.9%) indices posted gains, while the Banking (-0.2%) index declined. The Consumer Goods and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 20 tickers declined, relative to 16 gainers. COURTVILLE (-7.3%) and UPL (-5.4%) topped the losers’ list, while PRESCO (+10.0%) and NEM (+10.0%) recorded the most significant gains of the day.
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