THUR JUNE 06 2024-theGBJournal| Negative sentiments resurfaced at the Nigerian equities market Thursday forcing the NGX benchmark index to settle 0.2% lower to 99,134.85 points.
Sell pressures in STANBIC (-8.8%) and FIDELITYBK (-9.7%) dominated activities, consequently sending the Month-to-Date and Year-to-Date returns lower to -0.2% and +32.6%, respectively.
The total volume of trades increased by 0.5% to 309.81 million units, valued at N5.39 billion, and exchanged in 6,765 deals.
FIDELITYBK was the most traded stock by volume at 49.20 million units, while GUINNESS was the most traded stock by value at N975.58 million.
Sectoral performance was mixed, as the Banking (-1.3%) and Consumer Goods (-0.1%) indices recorded losses, while the Insurance (+1.7%) and Oil & Gas (+0.3%) indices gained.
Elsewhere, the Industrial Goods index stayed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 18 tickers lost relative to 17 gainers.
MAYBAKER (-10.0%) and FIDELITYBK (-9.7%) recorded the highest losses for the day, while OANDO (+9.8%) and ETERNA (+9.7%) topped the gainers’ list.
Meanwhile, the naira appreciated by 0.5% to N1,481.49/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM). The local currency traded at down to N1,488/US$ on Wednesday from N1,476.12/US$ on Tuesday.
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