…The Insurance (+1.1%) index was the sole gainer of the day
…FBNH was the most traded stock by volume and value at 627.60 million units and N13.45 billion, respectively.
MON JUNE 24 2024-theGBJournal|The NGX All-Share Index fell Monday underpinned by losses in AIRTELAFRI (-2.5%)GTCO (-1.14%), ZENITHBANK (-0.14%) and FBNH (-5.44%).
The All-Share index declined by 0.4% to close at 99,304.12 points. Accordingly, the Month-to-date and Year-to-Date returns settled at +0.0% and +32.8%, respectively.
The total trading volume increased by 57.7% to 973.62 million units, valued at N19.32 billion, and exchanged in 9,941 deals.
FBNH was the most traded stock by volume and value at 627.60 million units and N13.45 billion, respectively.
Sectoral performance was mixed, as the Banking (-1.0%), Consumer Goods (-0.4%), and Industrial Goods (-0.2%) indices recorded losses, while the Oil & Gas index closed flat. The Insurance (+1.1%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was negative (0.7x), as 26 tickers lost relative to 19 gainers.
INTBREW (-10.0%) and DEAPCAP (-8.9%) topped the losers’ list, while NSLTECH (+10.0%) and VFDGROUP (+9.9%) recorded the most significant gains of the day.
Meanwhile, the naira depreciated by 0.3% to N1,490.20/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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