WED, OCT 18 2023-theGBJournal|The Nigerian equities market traded marginally higher in today’s session, following investors’ interest in ZENITHBANK (+1.2%), UBA (+1.6%) and GTCO (+0.7%).
Accordingly, the NGX ASI notched a 4bps gain to close at 67,353.23 points. Thus, the Month-to-Date and Year-to-Date returns increased to +1.5% and +31.4%, respectively.
The total volume traded advanced by 5.2% to 397.56 million units, valued at NGN4.70 billion, and exchanged in 6,165 deals. WEMABANK was the most traded stock by volume at 88.99 million units, while GTCO was the most traded stock by value at NGN828.48 million.
On sectors, the Banking (+0.7%), Insurance (+0.3%), and Oil and Gas (+0.2%) indices posted gains, while the Consumer Goods index closed flat. The Industrial Goods (-0.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.1x), as 19 tickers gained while 18 tickers lost. GUINEAINS (+9.1%) and ETERNA (+6.9%) recorded the highest gains of the day, while CWG (-10.0%) and RTBRISCOE (-8.8%) topped the losers’ list.
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