TUE, JUNE 06 2023-theGBJournal |The NGX Exchange benchmark index bounced in Tuesday’s trading and closed 0.4% higher to 56,038.85 points, clawing back Monday’s losses.
Tuesday’s performance was supported by bargain hunting in AIRTELAFRI (+2.0%). As a result, the Month-to-Date and Year-to-Date returns increased to +0.5% and +9.3%, respectively.
The total volume traded declined by 12.8% to 322.49 million units, valued at N5.82 billion, and exchanged in 6,165 deals.
UBA was the most traded stock by volume at 47.13 million units, while AIRTELAFRI was the most traded stock by value at N1.76 billion.
The Oil & Gas (+1.0%), Insurance (+0.6%), and Consumer Goods (+0.2%) indices posted gains, while the Industrial Goods index remained unchanged.
The Banking (-0.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.2x), as 28 tickers gained relative to 24 losers.
ETRANZACT (+10.0%) and ETERNA (+9.9%) recorded the most significant gains of the day, while JOHNHOLT (-9.9%) and MULTIVERSE (-9.5%) topped the losers’ list.
The overnight lending rate was unchanged at 12.0%, as the system liquidity closed in a net long position (N370.70 billion).
The naira closed flat at N464.67/USD at the I&E window.
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