TUE JUNE 13 2024-theGBJournal| Bullish sentiments resurfaced in the domestic equities market today, as bargain hunting in UBA (+6.2%) drove the All-Share Index higher by 0.2% to close at 99,832.25 points.
As a result, the Month-to-Date and Year-to-Date returns increased to +0.5% and +33.5%, respectively.
The total volume traded declined by 40.8% to 502.60 million units, with a value of N8.65 billion, and exchanged in 9,686 deals. ZENITHBANK was the most traded stock by both volume and value at 71.22 million units and NGN2.52 billion, respectively.
Performance across the sectors mirrored the overall market sentiment, as the Insurance (+1.8%), Banking (+1.0%), Consumer Goods (+0.3%), and Industrial Goods (+0.1%) indices recorded gains, while the Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.6x), as 28 tickers gained relative to 18 losers. NB (+10.0%) and UNITYBNK (+9.9%) recorded the most significant gains of the day, while ETI (-9.9%) and DAARCOMM (-8.8%) topped the losers’ list.
The naira depreciated by 0.2% to NGN1,476.24/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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