…On sector performance, the Banking (-2.6%) and Insurance (-0.2%) indices declined, while the Consumer Goods (+0.6%) index inched higher.
THUR, MAR 07 2024-theGBJournal| The bulls drove market perfomance on Thursday, as bargain hunting in MTNN (+10.0%) pushed the benchmark index 0.8% higher.
The NGX ASI consequently settled at 100,335.30 points. Thus, the Month-to-Date and Year-to-Date returns increased to +0.4% and +34.2%, respectively.
The total volume traded advanced by 33.2% to 554.72 million units, valued at NGN17.73 billion, and exchanged in 9,708 deals. TRANSCORP was the most traded stock by volume and value at 301.36 million units and NGN5.65 billion, respectively.
On sector performance, the Banking (-2.6%) and Insurance (-0.2%) indices declined, while the Consumer Goods (+0.6%) index inched higher. Conversely, the Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 33 tickers lost relative to 25 gainers. GUINNESS (-10.0%) and FTNCOCOA (-10.0%) topped the losers’ list, while MTNN (+10.0%) and DANGSUGAR (+10.0%) recorded the most significant gains of the day.
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