MON 15 MARCH, 2021-theGBJournal-The local bourse kicked off the first trading day of the week on a bearish note, as investors booked profit in GUARANTY (-2.6%), NB (-5.3%) and INTBREW (-3.8%). As a result, the ASI declined by 0.2% to 38,516.84 points. Consequently, the Month-to-Date and Year-to-Date losses increased to -3.1% and -4.2%, respectively.
The total volume of trades declined by 37.2% to 184.53 million units, valued at NGN2.52 billion and exchanged in 3,527 deals. FBNH was the most traded stock by volume and value at 31.14 million units and NGN252.97 million, respectively.
Performance across sectors was mixed, following gains in the Insurance (+2.0%) and Oil & Gas (+0.7%) indices, and losses in the Consumer Goods (-1.5%) and Banking (-1.0%) indices. The Industrial Goods index however closed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 17 tickers lost relative to 16 gainers. REGALINS (-9.1%) and LIVESTOCK (-8.5%) were the top losers of the day, while WAPIC (+10.0%) and NNFM (+9.7%) recorded the largest gains of the day.