WED. 01 FEB, 2023-theGBJournal| The Nigerian equities market sustained its bullish momentum, as buying interests in SEPLAT (+10.0%) and GEREGU (+8.5%) buoyed a third consecutive gain.
The All-Share Index inched higher by 0.5% to close at 53,499.68 points. Accordingly, the Month-to-Date and Year-to-Date returns printed +0.5% and +4.4%, respectively.
The total volume traded declined by 19.9% to 200.37 million units, valued at NGN5.52 billion, and exchanged in 3,716 deals. UNIVINSURE was the most traded stock by volume at NGN57.79 million, while GEREGU was the most traded stock by value at NGN1.64 billion.
On sectoral performance, the Oil & Gas (+3.6%) and Banking (+1.3%) indices recorded gains, while the Insurance (-1.3%) and Consumer Goods (-0.1%) indices printed losses. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was mixed (1.0x), as an equal number of tickers (20) gained and lost. IMG (+10.0%) and SEPLAT (+10.0%) topped the gainers’ list, while GUINNESS (-10.0%) and ARDOVA (-10.0%) recorded the highest losses of the day.
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