…The major drivers of the market relapse include industrial heavyweight, BUACEMENT (-9.93%) and Tier-1 banks, GTCO (-0.65%) and ZENITHBANK (-0.77%)
…The Oil & Gas (+3.3%), Insurance (+2.1%) and Consumer Goods (+1.0%) indices recorded gains, while the Industrial Goods (-4.0%) and the Banking (-0.3%) indices recorded losses.
MON AUG 12 2024-theGBJournal| Nigerian equities market on Monday closed 0.7% lower to close at 97,880.94 points, with the Month-to-Date and Year-to-Date returns moderating to +0.1% and +30.9%, respectively.
Market capitalization lost N403.66 billion to close at N55.57 trillion.
The major drivers of the market relapse include industrial heavyweight, BUACEMENT (-9.93%) and Tier-1 banks, GTCO (-0.65%) and ZENITHBANK (-0.77%).
The total volume of trades increased by 4.4% to 498.27 million units, valued at NGN11.77 billion, and exchanged in 10,645 deals.
GTCO was the most traded stock by volume and value at 123.92 million units and N5.66 billion, respectively.
Analysing by sectors, the Oil & Gas (+3.3%), Insurance (+2.1%) and Consumer Goods (+1.0%) indices recorded gains, while the Industrial Goods (-4.0%) and the Banking (-0.3%) indices recorded losses.
As measured by market breadth, market sentiment was positive (1.4x), as 27 tickers gained while 20 tickers lost. JBERGER (+10.0%) and NASCON (+10.0%) topped the gainers’ list, while BUACEMENT (-9.9%) and SKYAVN (-5.4%) recorded the highest losses of the day.
The naira appreciated by 0.2% to N1,570.99/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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