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EQUITIES: Market opens the week on a sour note after NGX All-Share Index closed 0.2% lower

NGX Exchange Trading Floor

MON 28 JUNE, 2021-theGBJournal- The Nigerian equities market opened the week on a sour note, as a sell-down in AIRTELAFRI (-1.5%) extended last week’s bearish trading and dragged the All-Share Index lower by 0.2% to 37,585.25 points. Accordingly, the Month-to-Date and Year-to-Date losses increased to -2.2% and -6.7%, respectively.

Metrics Outcome

All-Share Index 37,585.25

Today’s return -0.19% WtD -2.75% MtD -2.22% YtD -6.67%

52-week High 42,412.66

52-week Low 24,026.05

Market Capitalisation (N’bn) 19,592.52

The total volume of trades declined by 19.3% to 163.50 billion units, valued at NGN3.44 billion, and exchanged in 3,562 deals. FBNH was the most traded stock by volume at 18.14 million units, while MTNN was the most traded stock by value at NGN1.50 billion.

Sectoral performance was mixed, as the Insurance (+0.2%) and Industrial Goods (+0.1%) indices recorded gains while the Oil & Gas (-0.4%) index declined. The Consumer Goods and Banking indices closed flat.

As measured by market breadth, market sentiment was negative (0.7x), as 18 tickers lost, relative to 13 gainers. BOCGAS (-10.0%) and ROYALEX (-7.9%) recorded the most significant losses of the day, while IKEJAHOTEL (+10.0%) and FIDSON (+7.9%) topped the gainers’ list.

Top 5 Trades by Value

                        Value                                 Market Value

MTNN             1,500,941,027.60               43.67%

NESTLE               600,310,807.00                17.47%

GTCO                  355,409,991.95                10.34%

ZENITHBANK     208,623,326.75                  6.07%

FBNH                   130,423,009.20                  3.80%

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