TUE AUG 20 2024-theGBJournal| The NGX benchmark Index ended today’s session on a positive note as gains in OANDO (+9.9%), and STANBIC (+6.7%) drove the index higher by 0.1% to close at 95,895.92 points.
Consequently, the MTD and YTD returns printed -1.9% and +28.3%, respectively.
The total trading volume declined by 71.4% to 1.01 billion units, valued at NGN7.69 billion, and exchanged in 8,295 deals. JAIZBANK was the most traded stock by volume and value at 651.29 million units and NGN1.50 billion, respectively.
Sectoral performance was mixed, as the Banking (+0.4%), Oil & Gas (+0.4%) and Insurance (+0.2%) indices advanced, while the Consumer Goods (-0.1%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 22 tickers lost relative to 19 gainers. THOMASWY (-9.7%) and OMATEK (-6.9%) topped the losers’ list, while LEARNAFRICA (+9.9%) and OANDO (+9.9%) recorded the most significant gains of the day.
Meanwhile, the naira depreciated by 0.8% to N1,592.06 against the US$ in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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