…Sectoral performance was broadly negative, as the Insurance (-1.2%), Consumer Goods (-0.1%), and Banking (-0.1%) indices posted losses
…The total volume of trades decreased by 45.6% to 274.68 million units, valued at N3.71 billion, and exchanged in 10,112 deals
MON JULY 01 2024-theGBJournal| Nigerian equities market ended the first day of the new trading with the benchmark index in red, as investors concentrated on profit-taking in ZENITHBANK (-2.5%) shares.
The NGX All-Share Index (ASI) closed 4bps down to 100,020.83 points with the Year-to-Date gain moderating to +33.8%.
The total volume of trades decreased by 45.6% to 274.68 million units, valued at N3.71 billion, and exchanged in 10,112 deals. UCAP was the most traded stock by volume and value at 26.64 million units and N737.25 million, respectively.
Sectoral performance was broadly negative on Monday, as the Insurance (-1.2%), Consumer Goods (-0.1%), and Banking (-0.1%) indices posted losses, while the Oil & Gas and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 27 tickers lost relative to 19 gainers. ETRANZACT (-10.0%) and FIDSON (-9.7%) led the losers, while LINKASSURE (+10.0%) and AFRIPRUD (+9.8%) topped the gainers’ list.
At the foreign exchange market, the naira depreciated by 0.2% to N1,508.99/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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