WED, 18 MAY, 2022-theGBJournal | The Nigerian equities market sustained its descent following selloffs in FBNH (-3.2%) and WAPCO (-2.4%). Thus, the All-Share closed lower by 0.1% to 52,721.34 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +6.2% and +23.4%, respectively.
The total volume of trades declined by 53.8% to 611.97 million units, valued at NGN7.43 billion, and exchanged in 5,948 deals. FBNH was the most traded stock by volume and value at 153.34 million units and NGN1.90 billion, respectively.
Analyzing by sectors, the Insurance (+0.8%), Consumer Goods (+0.3%), Oil & Gas (+0.2%), and Banking (+0.1%) indices gained, while the Industrial Goods (-0.2) index declined.
As measured by market breadth, market sentiment was negative (0.9x), as 22 tickers lost relative to 19 gainers. ACADEMY (-9.9%) and BERGER (-8.9%) recorded the most significant losses of the day, while TRANSCOHOT (+9.8%) and CHAMPION (+7.0%) topped the gainers’ list.
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