MON 05 JULY, 2021-theGBJournal- The Nigerian equities market opened the week with mixed trading sentiments, as interests in STANBIC (+1.9%) and ACCESS (+1.7%) offset losses in DANGSUGAR (-4.1%) and PRESCO (-6.0%). Thus, the All-Share Index traded flat at 38,220.01 points, with Month-to-Date gain printing 0.8%, while the Year-to-Date loss was unchanged at -5.1%.
The total volume of trades increased by 35.1% to 282.62 million units, valued at NGN1.87 billion and exchanged in 4,788 deals. FIDELITYBK was the most traded stock by volume at 28.09 million units, while ZENITHBANK was the most traded stock by value at NGN330.43 million.
On sectors, the Insurance (+1.5%), Banking (+0.6%) and Oil & Gas (+0.5%) indices posted gains. Conversely, the Consumer Goods (-0.4%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was positive (1.6x), as 26 tickers gained relative to 16 losers. CUTIX (+10.0%) and NCR (+9.7%) recorded the most significant gains of the day, while REDSTAREX (-9.8%) and ABCTRANS (-8.1%) topped the losers’ list.
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