WED APRIL 17 2024-theGBJournal|The domestic equities market bounced today following bargain hunting in FBNH (+6.9%), and as positive sentiments resurfaced.
The All-Share Index gained 0.1% to close at 99,909.54 points at the close of trading as the Month-to-Date and Year-to-Date returns settled at -4.5% and +33.6%, respectively.
The total volume of trades declined by 20.1% to 322.65 million units, valued at N5.82 billion, and exchanged in 9,067 deals. UBA was the most traded stock by volume at 55.01 million units, while ZENITHBANK was the most traded stock by value at N1.69 billion.
Sectoral performance was mixed, as the Banking (+1.1%) and Insurance (+0.6%) indices posted gains, while the Industrial Goods (-2.6%) and Consumer Goods (-0.1%) indices declined. The Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.6x), as 26 tickers lost relative to 16 losers. LIVESTOCK (-10.0%) and CWG (-9.8%) topped the losers’ list, while IKEJAHOTEL (+10.0%) and FIDELITYBK (+9.9%) recorded the highest gains of the day.
Meanwhile, the naira appreciated by 7.0% to NGN1,072.74/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM), after falling Tuesday by as much 1.1% to N1,148.14/US$
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
