MON MAY 20 2024-theGBJournal|The Nigerian equities market closed marginally higher on Monday, after a string of losses last week.
The NGX All-Share Index gained 0.1% to close at 98,176.58 points with bargain hunting in MTNN triggering the gains. MTD and YTD returns to -0.1% and +31.3%, respectively.
The total volume of trades surged by 118.2% to 405.66 million units, valued at N6.69 billion, and exchanged in 8,439 deals.
ACCESSCORP was the most traded stock by volume and value at 201.31 million units and NGN3.41 billion, respectively.
Performance across the sectors was mixed, as the Banking (-1.5%) index declined while the Insurance (+0.5%) index advanced. Elsewhere, the Oil & Gas, Consumer Goods and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was negative (0.5x), as 28 tickers lost relative to 13 gainers. CHAMPION (-10.0%) and CILEASING (-9.8%) recorded the most significant losses of the day, while MCNICHOLS (+10.0%) and BERGER (+9.7%) topped the gainers’ list.
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