THUR APRIL 18 2024-theGBJournal|The Nigerian equities market reversed yesterday’s gain as sustained profit-taking activities in GTCO (-3.9%) caused a 0.1% decline in the NGX ASI to 99,845.10 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at -4.5% and +33.5%, respectively.
The total volume traded declined by 11.4% to 285.90 million units, valued at NGN5.54 billion, and exchanged in 7,719 deals. ACCESSCORP was the most traded stock by volume at 43.98 million units, while GTCO was the most traded by value at NGN1.14 billion.
From a sectoral perspective, the Banking (-0.6%) index declined, while the Consumer Goods (+0.4%) index advanced. The Insurance, Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 17 tickers lost relative to 16 gainers. UCAP (-9.7%) and CWG (-9.5%) recorded the highest losses of the day, while GUINNESS (+10.0%) and NEIMETH (+9.8%) topped the gainers’ list.
The naira depreciated by 7.1% to NGN1,154.08/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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