WED 20 JAN, 2021-theGBJournal- Trading in the domestic equities market retraced in today’s session, as the benchmark index advanced by 0.2% to 41,147.72 points following investors’ interests in WAPCO (+8.2%), UBA (+2.3%) and TRANSCORP (+9.4%) stocks. Consequently, Month-to-Date and Year-to-Date returns increased to +2.2%.
The total volume traded increased by 23.7% to 649.65 million units, valued at NGN4.61 billion, and exchanged in 6,296 deals. MBENEFIT was the most traded stock by volume at 52.11 million units, while WAPCO was the most traded stock by value at NGN900.09 million.
Performance across sectors was broadly positive as all sectors in our coverage save for the Banking (-0.2%) index recorded gains. The Insurance (+2.5%) index was the highest gainer, followed by the Industrial Goods (+0.5%), Oil & Gas (+0.5%) and Consumer Goods (+0.2%) indices.
Market sentiment, as measured by market breadth, was positive (3.9x), as 55 tickers gained, relative to 14 losers. MBENEFIT (+10.0%) and NIGERINS (+10.0%) topped the gainers’ list, while MANSARD (-10.0%) and AFROMEDIA (-9.1%) recorded the largest losses of the day.