MON, AUGUST 14 2023-theGBJournal |The Nigeriam equities market benchmark index, the NGX All-Share Index fell by 0.2% to 65,210.49 points, with the Month-to-Date and Year-to-Date gains moderating to +1.4% and +27.2%, respectively, after a downbeat trading day.
Sell pressures in BUACEMENT (-2.8%) propelled the benchmark index down at the end of the session today.
The total volume traded declined by 47.1% to 259.04 million units, valued at NGN4.20 billion, and exchanged in 5,899 deals. TRANSCORP was the most traded stock by volume at 41.76 million units, while GTCO was the most traded stock by value at NGN585.10 million.
Sectoral performance was mixed, as the Banking (-1.1%) and Oil & Gas (-0.4%) indices declined, while the Insurance (+0.8%) and Consumer Goods (+0.5%) indices recorded gains. Meanwhile, the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 23 tickers lost relative to 21 gainers. ETERNA (-9.9%) and SUNUASSUR (-9.6%) topped the loser’s list, while CORNERST (+9.3%) and OMATEK (+8.8%) recorded the highest gains of the day.
Meanwhile, at the currency market, the naira depreciated by 0.5% to NGN744.41/USD at the I&E window.
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