WED, OCT 04 2023-theGBJournal|The Nigerian equities market reversed yesterday’s gains as late sell pressures on MTNN (-3.9%) drove the benchmark index 0.4% lower to close at 66,482.28 points. As a result, the Month-to-Date and Year-to-Date returns printed +0.2% and +29.7%, respectively.
The total volume of trades increased by 80.5% to 657.52 million units, valued at NGN4.60 billion, and exchanged in 6,646 deals. UNIVINSURE was the most traded stock by volume at 336.29 million units, while GTCO was the most traded stock by value at NGN885.39 million.
On sectors, the Insurance (+0.3%) and Consumer Goods (+0.2%) indices advanced, while the Banking, Industrial Goods, and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 29 tickers gained relative to 22 losers. OANDO (+9.9%) and REDSTAREX (+9.8%) recorded the highest gains of the day, while IKEJAHOTEL (-10.0%) and WEMABANK (-10.0%) topped the losers’ list.
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