MON, JUNE 19 2023-theGBJournal |Nigerian equities market rose slightly today as gains in DANGCEM (+1.0%) and GTCO (+4.7%) offset the loss in MTNN (-3.3%).
Thus, NGX ASI increased marginally by 3bps to close at 59,016.12 points. Accordingly, the Month-to-Date and Year-to-Date gains printed +5.8% and +15.2%, respectively.
The total volume traded increased by 43.5% to 892.95 million units, valued at N11.15 billion, and exchanged in 9,274 deals.
JAIZBANK was the most traded stock by volume at 139.89 million units, while GTCO was the most traded stock by value at N2.65 billion.
Sectoral performance was largely positive, as the Banking (+2.9%), Insurance (+1.2%), Industrial Goods (+0.7%), and Consumer Goods (+0.2%) indices advanced, while the Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (2.0x), as 43 tickers gained relative to 22 losers.
TANTALIZER (+10.0%) and UNIVINSURE (+10.0%) recorded the highest gains of the day, while ELLAHLAKES (-10.0%) and JOHNHOLT (-9.6%) topped the gainers’ list.
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