THUR MAY 16 2024-theGBJournal| Trading activities in the local bourse was negative for most of Thursday.
However, late interest in AIRTELAFRI (+9.0%) ensured the market closed higher. Precisely, the All-Share Index advanced by 0.8% to close at 98,156.71 points.
Consequently, the MTD and YTD returns settled at -0.1% and +31.3%, respectively.
The total trading volume increased by 15.3% to 409.77 million units, valued at N8.93 billion, and exchanged in 7,296 deals.
CUSTODIAN was the most traded stock by volume at 115.58 million units, while AIRTELAFRI was the most traded stock by value at N2.17 billion.
On sectors, the Banking (-3.0%), Oil & Gas (-0.4%) and Consumer Goods (-0.1%) indices recorded losses, while the Industrial Goods index was unchanged.
The Insurance (+0.5%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was negative (0.6x), as 24 tickers lost relative to 15 gainers.
ETERNA (-9.9%) and FCMB (-8.3%) recorded the most significant losses of the day on Thursday, while GUINEAINS (+10.0%) and ROYALEX (+10.0%) topped the gainers’ list.
Meanwhile, the naira crashed by 4.9% to N1,533.99/US$ from N1,459.02/US$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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