TUE, 07 JUNE, 2022-theGBJournal| The Nigerian equities market extended yesterday’s positive trading as the All-Share Index notched a 0.4% gain to close at 53,270.88 points. Today’s performance was underpinned by the sustained demand for MTNN (+2.4%).
Accordingly, the Month-to-Date and Year-to-Date returns increased to +0.5% and +24.7%, respectively.
The total volume traded declined by 69.0% to 234.62 million units, valued at NGN2.75 billion, and exchanged in 4,232 deals. TRANSCORP was the most traded stock by volume at 30.43 million units, while NGXGROUP was the most traded stock by value at NGN459.96 million.
Analysing by sectors, the Insurance (-0.4%) and Consumer Goods (-0.1%) indices declined, while the Banking (+0.3%) index advanced. The Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was flat (1.0x), as an equal number of tickers (15) gained and declined. GSPECPLC (+10.0%) and JAIZBANK (+8.0%) recorded the most significant gains of the day, while CUTIX (-10.0%) and CADBURY (-5.6%) topped the losers’ list.
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