THUR, JUNE 15 2023-theGBJournal |The Nigerian equities market paused its upward trend following profit-taking activities in MTNN (-3.8%) and some Tier-1 banking stocks.
Consequently, the All-Share Index declined by 1.3% to 59,195.21 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +6.1% and +15.5%, respectively.
The total volume of trade declined by 9.8% to 1.17 billion units, valued at NGN15.36 billion, and exchanged in 12,611 deals. UBA was the most traded stock by volume at 192.83 million units, while GTCO was the most traded stock by value at NGN3.33 billion.
Sectoral performance was broadly negative, as the Banking (-4.2%), Insurance (-0.7%), Consumer Goods (-0.4%) and Industrial Goods (-0.2%) indices recorded losses, while the Oil & Gas (+12.1%) index advanced.
As measured by market breadth, market sentiment was negative (0.9x), as 39 tickers lost relative to 36 gainers. SUNUASSUR (-10.0%) and CORNERST (-9.7%) topped the losers’ list, while TRANSCOHOT (+10.0%) and MRS (+10.0%) recorded the highest gains of the day.
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