MON 12 JULY, 2021-theGBJournal- The Nigerian equities market started the week’s trading on a negative note, as profit-taking witnessed in MTNN (-0.6%), ZENITHBANK (-2.2%), and BUACEMENT (-0.7%) caused a -0.4% decline in the benchmark Index. Thus, the NGX ASI settled at 37,857.89 points.
Accordingly, the Month-to-Date and Year-to-Date losses increased to -0.1% and -6.0%, respectively.
The total volume of trades declined by 22.6% to 187.24 million units, valued at NGN2.89 billion, and exchanged in 4,017 deals. ZENITHBANK was the most traded stock by volume and value at 35.32 million units and NGN870.87 million, respectively.
Performance across sectors was mixed, as losses in the Banking (-1.0%), Consumer Goods (-0.4%), and Industrial Goods (-0.4%) indices reflected the overall market performance.
On the other hand, the Oil and Gas (+0.1%) index gained, while the Insurance index closed flat.
As measured by market breadth, market sentiment was positive (1.1x), as 14 tickers gained, relative to 13 losers. TRIPPLEG (+9.9%) and REGALINS (+8.9%) topped the gainers’ list, while CWG (-9.5%) and INTBREW (-9.7%) recorded the most significant losses of the day.
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