TUES, 25 OCT, 2022-theGBJournal| Bullish sentiments persisted in the Nigerian equities market as the NGX ASI advanced by 0.7% to 44,788.14 points.
performance was supported by buying interest in BUACEMENT (+10.0%). Accordingly, the Month-to-Date loss moderated to -8.6%, while the Year-to-Date gain rose to +4.9%.
The total volume traded increased by 120.1% to 159.21 million units, valued at NGN2.73 billion, and exchanged in 3,290 deals. MBENEFIT was the most traded stock by volume at 47.43 million units, while AIRTELAFRI was the most traded stock by value at NGN1.01 billion.
On sectoral performance, the Insurance (-0.2%), Oil & Gas (-0.2%), and Consumer Goods (-0.1%) indices declined, while the Industrial Goods (+4.0%) and Banking (+0.5%) indices posted gains.
As measured by market breadth, market sentiment was negative (0.4x) as 19 tickers lost relative to 7 gainers. ROYALEX (-9.6%) and MULTIVERSE (-8.5%) recorded the most significant losses of the day, while BUACEMENT (+10.0%) and JAIZBANK (+9.0%) topped the gainers’ list.
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