WED 23 JUNE, 2021-theGBJournal-Negative sentiments persisted in the local bourse, as investors sold off Tier-1 banking stocks – ZENITHBANK (-1.3%) and ACCESS (-2.3%). Thus, the All-Share Index declined by 0.1% to 37,804.46 points, with Month-to-Date and Year-to-Date losses higher at -1.7% and -6.1%, respectively.
The total volume of trades decreased by 4.5% to 208.36 million units, valued at NGN1.60 billion, and exchanged in 3,365 deals. ZENITHBANK was the most traded stock by volume and value at 33.68 million units and NGN795.03 million, respectively.
Analysing by sectors, the Banking (-0.8%), Insurance (-0.5%), and Oil & Gas (-0.1%) indices declined. The Consumer Goods (+0.2%) index was the lone gainer, while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.5x), as 22 tickers declined relative to 11 gainers. ROYALEX (-10.0%) and UPL (-9.5%) topped the losers’ list, while FTNCOCOA (+10.0%) and IKEJAHOTEL (+9.9%) recorded the most significant gains of the day.
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