MON 09 AUG, 2021-theGBJournal- Trading at the local bourse opened the week negatively, primarily driven by sell-offs of DANGCEM (-3.3%) and FLOURMILL (-2.3%) stocks. Accordingly, the NGX ASI Index declined by 0.6% to 38,567.26 points. Consequently, Month-to-Date gain printed +0.1%, while Year-to-Date loss increased to -4.2%.
The total volume of trades declined by 24.5% to 185.53 million units, valued at NGN983.39 million, and exchanged in 3,703 deals. WEMABANK was the most traded stock by volume at 25.77 million units, while ELLAHLAKES was the most traded stock by value at NGN106.36 million.
Across our sectoral coverage, the Industrial Goods (-1.8%), Insurance (-0.7%) and Banking (-0.1%) indices declined, the Oil and gas (+1.0%) index gained, while the Consumer Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 18 tickers lost, relative to 16 gainers. UPL (-9.8%) and LINKASSURE (-7.8%) recorded the most significant losses of the day, while CONOIL (+9.8%) and NNFM (+9.8%) topped the gainers’ list.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
