MON MAY 06 2024-theGBJournal| At market close Monday the NGX benchmark index, the All-Share Index was down 0.9% and closed at 98,703.68 points.
The Month-to-Date and Year-to-Date returns at the same time moderated to +0.5% and +32.0%, respectively.
The market decline was induced by profit-taking activities in AIRTELAFRI (-10.0%) shares.
The total volume traded declined by 5.6% to 421.73 million units, valued at N8.95 billion, and exchanged in 10,624 deals.
ACCESSCORP was the most traded stock by volume and value at 98.24 million units and NGN1.76 billion, respectively.
Sectoral performance was broadly positive, as the Banking (+2.6%), Insurance (+2.0%), Consumer Goods (+0.6%) and Industrial Goods (+0.3%) indices advanced, while the Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.0x), as 37 tickers gained relative to 18 losers.
GUINEAINS (+10.0%) and CORNERST (+10.0%) recorded the most significant gains of the day, while AIRTELAFRI (-10.0%) and BERGER (-9.9%) topped the losers’ list.
The naira appreciated by 3.4% to NGN1,354.21/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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