THUR, NOV 02 2023-theGBJournal|The Nigerian equities market paused its bullish streak in today’s trading session following sell pressures on MTNN (-2.4%), BUACEMENT (-1.9%) and some Tier-1 banking names.
Subsequently, the All-Share Index declined by 0.8% to 70,042.28 points, with the MTD and YTD returns printing +1.2% and +36.7%, respectively.
The total volume of trades decreased by 11.6% to 525.46 million units, valued at NGN6.09 billion, and exchanged in 8,396 deals. JAPAULGOLD was the most traded stock by volume at 92.02 million units, while UBA was the most traded stock by value at NGN971.34 million.
Sectoral performance was mixed, as the Banking (-0.9%), Industrial Goods (-0.7%) and Consumer Goods (-0.2%) indices declined, while the Oil & Gas index closed flat. The Insurance (+1.6%) index was the sole gainer for the day.
As measured by market breadth, market sentiment was negative (0.9x), as 28 tickers lost relative to 26 gainers.
CHAMS (-9.8%) and INTBREW (-8.8%) recorded the highest losses of the day, while OMATEK (+10.0%) and ACADEMY (+9.8%) topped the gainers’ list.
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