TUE, SEPT 19 2023-theGBJournal |The Nigerian equities market extended yesterday’s bullish performance following investors’ interest in BUAFOODS (+6.3%). Precisely, the All-Share Index advanced by 0.7% to 68,359.22 points. Consequently, the Month-to-Date and Year-to-Date returns increased to +2.7% and +33.4%, respectively.
The total volume of trade increased by 31.3% to 676.74 million units, valued at N5.89 billion, and exchanged in 7,659 deals. UNIVINSURE was the most traded stock by volume at 235.15 million units, while UBA was the most traded stock by value at NGN1.22 billion.
Analysing by sectors, the Insurance (-0.4%), Oil & Gas (-0.2%), and Banking (-0.1%) indices declined, while the Industrial Goods Index closed flat. The Consumer Goods (+3.1%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was positive (1.3x), as 35 tickers gained relative to 27 losers. ELLAHLAKES (+10.0%) and BERGER (+10.0%) recorded the most significant gains of the day, while SCOA (-10.0%) and NSLTECH (-10.0%) topped the losers’ list.
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