WED, 22 JUNE, 2022-theGBJournal| Trading in the local bourse sustained its positive momentum from yesterday as the All-Share Index advanced by 0.6% to 51,377.21 points. Today’s performance was supported by gains in DANGCEM (+1.9%) and BUAFOODS (+6.9%). Accordingly, the Month-to-Date loss moderated to -3.0%, while the Year-to-Date returns increased to +20.3%.
The total volume traded increased by 37.4% to 229.37 million units, valued at NGN3.20 billion, and exchanged in 4,536 deals. OANDO was the most traded stock by volume at 34.46 million units, while MTNN was the most traded stock by value at N565.62 million.
Performance across sectors was broadly negative, as the Banking (-0.6%), Insurance (-0.4%), Industrial Goods (-0.3%) and Oil & Gas (-0.2%) indices declined, while the Consumer Goods (+0.1%) index was the sole gainer
As measured by market breadth, market sentiment was positive (1.1x) as 18 tickers gained relative to 16 losers. ELLAHLAKES (+10.0%) and PRESCO (+9.7%) recorded the highest gains of the day, while NNFM (-9.9%) and JOHNHOLT (-9.9%) topped the losers’ list.
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