WED, JULY 19 2023-theGBJournal |Unlike in the past two trading sessions, the domestic equities market closed marginally lower, as profit-taking activities in GEREGU (-10.0%) outweighed the demand for MTNN (+1.9%).
As a result, the NGX-ASI pared by 1bp to 63,757.23 points. Thus, the MTD and YTD returns remained at +4.6% and +24.4%, respectively.
The total volume traded declined by 45.5% to 473.49 million units, valued at NGN10.08 billion, and exchanged in 7,403 deals.
JAPAULGOLD was the most traded stock by volume at 77.98 million units, while GEREGU was the most traded stock by value at NGN4.86 billion.
Analysing by sectors, the Oil & Gas (+0.6%), Insurance (+0.5%), and Consumer Goods (+0.5%) indices posted gains, while the Banking (-2.1%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was negative (0.9x), as 27 tickers lost relative to 24 gainers.
GEREGU (-10.0%) and PRESTIGE (-10.0%) topped the losers’ list, while HONYFLOUR (+10.0%) and ETERNA (+10.0%) recorded the most significant gains of the day.
Maenwhile, the local currency rallied against the US dollar at I&E windowThe naira depreciated by 6.4% to NGN793.70/USD at the I&E window.
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