WED, AUGUST 09 2023-theGBJournal |The Nigerian equities Market sustained Tuesday’s bearish sentiments as investors Selloff index heavyweights, MTNN (-1.43%), DANGCEM (-9.09%) alongside ACCESSCORP (-0.29%).
Thus, the All-Share Index dipped by 1.8% to close at 64,167.39 points. Accordingly, the Month-to-Date loss settled at -0.3%, while the Year-to-Date gain moderated to +25.2%.
The total volume traded declined by 25.1% to 238.04 million units, valued at NGN2.62 billion, and exchanged in 6,001 deals.
STERLINGNG was the most traded stock by volume at 32.67 million while MTNN was the most traded stock by value at NGN468.15 million.
On sectors, the Industrial Goods (-4.9%), Consumer Goods (-0.3%), Banking (-0.4%) and Oil & Gas (-0.2%) indices all printed losses, while the Insurance (+1.1%) index advanced.
As measured by market breadth, market sentiment was negative (0.9x) as 27 tickers lost relative to 23 gainers.
NASCON (-10.0%) and MULTIVERSE (-10.0%) recorded the highest losses of the day, while GUINEAINS (+10.0%) and OMATEK (+10.0%) topped the gainers’ list.
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