MON, 30 MAY, 2022-theGBJournal| Activities in the domestic equities market resumed the week on a sour note, as investors took profit off MTNN (-3.0%). Thus, the All-Share Index settled lower by 0.6% at 53,772.35 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +8.3% and 25.9%, respectively.
The total volume traded surged to 27.56 billion units (previously: 208.09 million units), valued at NGN194.36 billion and exchanged in 4,586 deals, following a block-divestment in UBN. Thus, UBN was the most traded stock by volume and value at 27.34 billion and 191.40 billion units, respectively.
Performance across sectors was mixed, as the Banking (-0.3%), Consumer Goods (-0.1%), and Industrial Goods (-0.1%) indices declined, while Insurance (+0.7%), and Oil & Gas (+0.1%) indices advanced.
As measured by market breadth, market sentiment was positive (1.4x) as 23 tickers gained relative to 17 losers. TRANSEXPR (+9.9%) and NPFMCRFBK (+9.8%) recorded the highest gains of the day, while PRESCO (-10.0%) and UPL (-8.8%) topped the losers’ list.
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