THUR, JULY 13 2023-theGBJournal |The Nigerian stock market racked up further loss in today’s trading session as sell pressures on MTNN (-4.6%) and some banking stocks weighed down the bourse, causing the All-Share Index to plunge by 2.0% to 62,748.94 points.
Accordingly, the Month-to-Date and Year-to-Date returns moderated to +2.9% and +22.4%, respectively.
The total volume traded declined by 31.4% to 798.47 million units, valued at NGN10.45 billion, and exchanged in 10,296 deals.
UBA was the most traded stock by volume at 99.02 million units, while GTCO was the most traded stock by value at NGN1.77 billion.
Sectoral performance remained negative, as the Banking (-6.6%), Insurance (-4.1%), Oil & Gas (-0.7%), and Consumer Goods (-0.1%) indices declined, while the Industrial Goods (+0.7%) index advanced.
As measured by market breadth, market sentiment was negative (0.3x), as 57 tickers lost relative to 19 gainers. TRANSCOHOT (-10.0%) and OMATEK (-10.0%) topped the losers’ list, while JOHNHOLT (+10.0%) and DANGSUGAR (+9.9%) recorded the highest gains of the day.
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