TUE MAY 14 2024-theGBJournal|The Nigerian equities sustained Monday’s negative sentiments with profit taking activities in DANGSUGAR (-10.0%) dragging the NGX All-Share Index down by 0.2% to 97,473.98 points.
Sequentially, the MTD and YTD returns settled lower at -0.8% and +30.4%, respectively.
The total trading volume decreased by 30.2% to 306.60 million units, valued at N5.81 billion, and exchanged in 7,651 deals. ACCESSCORP was the most traded stock by volume at 33.24 million units, while GTCO was the most traded stock by value at N1.36 billion.
On sectors, the Insurance (-1.1%), Banking (-1.0%) and Consumer Goods (-0.8%) indices declined, while the Oil & Gas and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was positive (1.2x), as 22 tickers gained relative to 18 losers. TANTALIZER (+10.0%) and LEARNAFRCA (+10.0%) topped the gainers’ list, while PZ (-10.0%) and DANGSUGAR (-10.0%) recorded the most significant losses of the day.
The naira depreciated by 2.8% to NGN1,520.40/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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