TUE, SEPT 12 2023-theGBJournal |The NGX Exchange sustained yesterday’s negative sentiments following the losses in MTNN (-1.5%) and DANGSUGAR (-10.0%).
As a result, the NGX ASI dipped further by 0.8% to close at 66,760.20 points. Thus, the MTD and YTD gains moderated to +0.3% and +30.3%, respectively.
The total volume traded increased by 24.1% to 645.54 million units, valued at N11.01 billion, and exchanged in 10,554 deals.
TRANSCORP was the most traded stock by volume at 87.82 million units, while DANGSUGAR was the most traded stock by value at N1.37 billion.
Analysing by sectors, the Banking (-2.6%), Insurance (-2.3%), and Consumer Goods (-1.7%) indices declined, while the Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.4x), as 45 tickers lost relative to 16 gainers.
REGALINS (-10.0%) and ETRANZACT (-10.0%) topped the losers’ list, while CHELLARAM (+10.0%) and CWG (+10.0%) recorded the most significant gains of the day.
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