MON, FEB 26 2024-theGBJournal| Nigerian equities market closed lower on Monday, shedding 0.1% to finish at 101,995.21 points on sell pressures.
With sell pressures on NESTLE (-10.0%) and DANGSUGAR (-7.7%) offsetting demand for FBNH (+9.7%), the Month-to-Date (MTD) and year-to-date (YTD) returns moderated to 0.8% and 36.4%, respectively.
The total volume traded rose by 1.1% to 294.32 million units, valued at N6.72 billion, and exchanged in 9,957 deals.
FBNH was the most traded stock by volume and value at 73.84 million units and N2.42 billion, respectively.
Sectoral performance was mixed, as the Consumer Goods (-1.5%) and Oil & Gas (-0.4%) indices declined while the Banking (+1.4%) and Insurance (+0.2%) indices advanced. Meanwhile, the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was mixed (1.0x), as an equal number of tickers (25) lost and gained.
NESTLE (-10.0%) and ETERNA (-10.0%) recorded the most significant losses of the day, while NASCON (+10.0%) and FBNH (+9.7%) topped the gainers’ list.
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