THUR, JUNE 08 2023-theGBJournal |The Nigerian equities market traded bearish Thursday as the market continues its search for direction.
The NGX benchmark index, the All-Share Index (ASI) dipped by 0.1% to close at 55,956.59 points.
Consequently, the Month-to-Date and Year-to-Date returns moderated to +0.3% and +9.2%, respectively as sentiments remained bearish in the local bourse with investors feasting on profits off DANGCEM (-1.4%).
The total volume traded increased by 33.7% to 531.78 million units, valued at NGN7.68 billion, and exchanged in 6,061 deals.
UBA was the most traded stock by volume and value at 177.48 million units and NGN1.72 billion, respectively.
Across the sectors, the Insurance (+4.0%), Oil & Gas (+1.0%) and Banking (+1.0%) indices gained, while the Industrial Goods (-0.7%) and Consumer Goods (-0.1%) indices recorded losses.
As measured by market breadth, market sentiment was largely positive (3.2x), as 41 tickers gained relative to 13 losers.
NSLTECH (+10.0%) and UNITYBNK (+10.0%) recorded the highest gains of the day, while JOHNHOLT (-9.7%) and CAVERTON (-7.1%) topped the losers’ list.
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