TUE, OCT 10 2023-theGBJournal|The Nigerian equities market reversed Monday’s gains following the late profit-taking activities in PRESCO (-9.5%) and ETI (-5.3%).
Consequently, the All-Share Index lost 0.2% to close at 66,984.62 points, with the MTD and YTD returns moderating to +0.9% and +30.7%, respectively.
The total volume traded declined by 4.2% to 257.42 million units, valued at N7.80 billion, and exchanged in 6,498 deals.
FIDELITYBK was the most traded stock by volume at 53.40 million units, while SEPLAT was the most traded stock by value at NGN3.85 billion.
Analysing by sectors, the Banking (-1.1%), Insurance (-0.7%), and Consumer Goods (-0.1%) indices declined while the Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.5x), as 13 tickers lost relative to 27 gainers.
JOHNHOLT (-10.0%) and PRESCO (-9.5%) topped the losers’ list, while MCNICHOLS (+10.0%) and CAPHOTEL (+9.8%) recorded the most significant gains of the day.
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