MON. 30 JANUARY, 2023-theGBJournal| The Nigerian equities market kicked off this week’s trading on a bullish note following bargain-hunting in AIRTELAFRI (+3.1%). Thus, the All-Share Index advanced by 1.0% to 53,157.83 points. Accordingly, the Year-to-Date return increased to +3.7%.
The total volume traded increased by 17.7% to 201.36 million units, valued at N5.67 billion, and exchanged in 4,332 deals. ZENITHBANK was the most traded stock by volume at 36.76 million units, while GEREGU was the most traded stock by value at N1.79 billion.
Sectoral performance was mixed, as the Banking (+0.7%), Consumer Goods (+0.2%), and Industrial Goods (+0.1%) indices recorded gains, while the Oil & Gas index closed flat. The Insurance (-1.2%) index was the sole loser for the day.
As measured by market breadth, market sentiment was positive (1.9x), as 28 tickers gained relative to 15 losers. GEREGU (+10.0%) and JOHNHOLT (+10.0%) topped the gainers’ list, while WAPIC (-8.9%) and TRIPPLEG (-8.6%) recorded the most significant losses of the day.
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