MON 19 JULY, 2021-theGBJournal-The Nigerian equities market started the week’s trading with mixed sentiments, as interests in WEMABANK (+8.8%) and PRESCO (+2.9%) offset losses in UBN (-2.7%) and ETI (-3.8%). Thus, the All-Share Index traded flat at 37,952.65 points, with Month-to-Date and Year-to-Date returns flat at +0.1% and -5.8%, respectively.
The total volume of trades increased by 73.5% to 462.81 million units, valued at NGN1.2 billion, and exchanged in 3,610 deals. JAIZBANK was the most traded stock by volume at 217.12 million units, while NB was the most traded stock by value at NGN138.74 million.
Analysing by sectors, the Insurance (+1.2%), Oil & Gas (+0.3%) and Consumer Goods (+0.1%) indices posted gains while the Banking (-0.4%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (2.4x), as 22 tickers gained, relative to 9 losers. ETERNA (+10.0%) and UPL (+9.9%) topped the gainers’ list, while FTNCOCOA (-7.3%) and SOVRENINS (-6.1%) recorded the most significant losses of the day.
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