MON, SEPT 18 2023-theGBJournal |The NGX Exchaneg saw a positive start to the week as bargain-hunting in STANBIC (+9.6%) and AIRTELAFRI (+1.6%) drove a 0.7% increase in the All-Share Index to 67,877.17 points. Thus, the Month-to-Date and Year-to-Date returns advanced to +2.0% and +32.4%, respectively.
The total volume traded increased by 26.0% to 515.28 million units, valued at NGN8.93 billion, and exchanged in 8,357 deals. UBA was the most traded stock by volume at 109.47 million units, while AIRTELAFRI was the most traded stock by value at NGN2.72 billion.
On Sectors, the Banking (+1.4%), Consumer Goods (+0.2%), and Insurance (+0.1%) indices recorded gains, while the Oil & Gas (-0.4%) and Industrial Goods (-0.1%) indices settled lower.
As measured by market breadth, market sentiment was positive (1.1x), as 29 tickers gained relative to 26 losses. NNFM (+10.0%) and OANDO (+10.0%) topped the gainers’ list, while OMATEK (-10.0%) and SKYAVN (-10.0%) recorded the highest losses of the day.
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