MON, JULY 24 2023-theGBJournal |The Nigerian equities market opened the week positively as demand for STANBIC (+10.0%), and FBNH (+9.8%) drove the All-Share Index higher by 0.4% to 65,268.28 points.
The Month-to-Date and Year-to-Date returns printed +7.1% and +27.4%, respectively.
The total volume traded increased by 7.9% to 831.50 million units, valued at NGN12.94 billion, and exchanged in 9,768 deals.
FBNH was the most traded stock by volume and value at 346.99 million units and NGN7.44 billion, respectively.
Sectoral performance was mixed, as the Insurance (+0.2%) index advanced, while the Banking (-0.8%) index declined. On the other hand, the Industrial Goods, Consumer Goods, and Oil and Gas indices closed flat.
As measured by market breadth, market sentiment was mixed (1.0x), as 33 tickers lost relative to 32 gainers.
IKEJAHOTEL (-10.0%) and MULTIVERSE (-10.0%) recorded the most significant losses of the day, while FTNCOCOA (+10.0%) and GLAXOSMITH (+10.0%) topped the gainer’s list.
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