THUR 28 JAN, 2021-theGBJournal- The local bourse sustained its positive run, as buying interests in some banking names – STANBIC (+5.9%), ZENITHBANK (+3.0%) and GUARANTY (+2.4%) – spurred a fourth consecutive gain in the market. Specifically, the NSE ASI notched a 0.6% increase to 42,169.41 points, with Month-to-Date and Year-to-Date returns both increasing to +4.7%.
The total volume of trades increased by 2.2% to 555.32 million units, valued at NGN5.76 billion, and exchanged in 6,386 deals. TRANSCORP was the most traded stock by volume at 76.18 million units, while ZENITHBANK was the most traded stock by value at NGN936.78 million.
Sectoral performance was mixed, following gains in the Banking (+2.1%), Consumer Goods (+0.9%) and Industrial Goods (+0.2%) indices, and losses in the Oil & Gas (-1.8%) and Insurance (-0.6%) indices.
Market sentiment, as measured by market breadth, was positive (1.2x), as 27 tickers gained, relative to 22 losers. PORTPAINT (+10.0%) and JBERGER (+10.0%) topped the gainers’ list, while ACADEMY (-10.0%) and SOVRENINS (-9.7%) recorded the largest losses of the day.
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