WED. 18 JANUARY, 2023-theGBJournal| The domestic bourse traded on a sour note in today’s trading session, as profit-taking activities in DANGCEM (-1.9%) weighed on market performance.
Accordingly, the All-Share Index declined by 0.2% to 52,615.51 points, with the Year-to-Date return settling at +2.7%, as market capitalization shed N46.74bn to close at N8.66trn.
The total volume traded declined by 4.6% to 217.95 million units, valued at N4.47 billion, and exchanged in 3,377 deals. STERLNBANK was the most traded stock by volume at 94.27 million units, while GEREGU was the most traded stock by value at N1.35 billion.
Sectoral performance was mixed, as the Insurance (+1.4%), Oil & Gas (+0.1%), and Banking (+0.1%) indices recorded gains, while the Industrial Goods (-1.0%) and Consumer Goods (-0.2%) indices declined.
As measured by market breadth, market sentiment was negative (0.8x), as 21 tickers lost relative to 17 gainers. FTNCOCOA (-6.7%) and ABCTRANS (-6.5%) topped the losers’ list, while CHELLARAM (+9.8%) and CHIPLC (+9.5%) recorded the most significant gains of the day.
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