THUR, AUGUST 10 2023-theGBJournal |The Nigerian equities market reversed Wednesday’s loss, as renewed interest in DANGCEM (+9.3%) triggered a 1.6% gain in the benchmark index.
Thus, the All-Share Index closed at 65,204.82 points, with the MTD and YTD returns increasing to +1.4% and +27.2%, respectively.
The total volume traded increased by 51.7% to 361.20 million units, valued at NGN5.74 billion, and exchanged in 5,531 deals. FBNH was the most traded stock by volume and value at NGN140.18 million and NGN2.61 billion, respectively.
Sectoral performance was mixed, as the Industrial Goods (+4.8%), Insurance (+0.6%) and Banking (+0.2%) indices posted gains, while Consumer Goods (-0.6%) index declined. The Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.4x), as 23 tickers gained relative to 17 losers. CHELLARAM (+10.0%) and SCOA (+9.4%) recorded the most significant gains of the day, while CAP (-10.0%) and ACADEMY (-9.4%) topped the losers’ list.
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