MON, AUGUST 28 2023-theGBJournal |The Nigerian equities market maintained last week’s positive run as bargain-hunting in BUAFOODS (+9.1%) and DANGSUGAR (+10.0%) pushed the benchmark index 0.9% higher.
Consequently, the All-Share Index closed at 66,151.38 points, with the MTD and YTD gains increasing to +2.8% and +29.1%, respectively.
The total volume traded declined by 12.6% to 311.12 million units, valued at NGN3.92 billion, and exchanged in 7,193 deals. ACCESSCORP was the most traded stock by volume at 43.70 million units, while DANGSUGAR was the most traded stock by value at NGN820.84 million.
From a sectoral perspective, the Banking (-0.9%) and Insurance (-0.4%) indices declined, while the Industrial Goods and Oil & Gas indices closed flat. The Consumer Goods (+5.9%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was positive (1.4x), as 33 tickers gained relative to 24 losers. OMATEK (+10.0%) and THOMASWY (+10.0%) recorded the most significant gains of the day, while CWG (-10.0%) and JOHNHOLT (-9.8%) topped the losers’ list.
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