THUR 08 JULY, 2021-theGBJournal- Sentiments in the domestic bourse turned negative, as sell-offs of Tier 1 banks – ACCESS (-3.2%) and UBA (-2.6%) – triggered a 0.1% decline in the All-Share Index to 38,469.87 points. Consequently, the Month-to-Date return moderated to +1.5%, while the Year-to-Date loss increased to -4.5%.
The total volume of trades declined by 19.5% to 238.24 billion units, valued at NGN2.58 billion, and exchanged in 3,927 deals. TRANSCORP was the most traded stock by volume at 34.44 million units, while ZENITHBANK was the most traded stock by value at NGN590.35 million.
Sectoral performance was mixed, as the Oil & Gas (+1.2%) and Insurance (+0.2%) indices recorded gains while the Banking (-0.9%) and Consumer Goods (-0.1%) indices declined. The Industrial Goods index was flat.
As measured by market breadth, market sentiment was negative (0.7x), as 16 tickers lost, relative to 11 gainers. PRESTIGE (-10.0%) and PHARMDEKO (-9.7%) recorded the most significant losses of the day, while NEM (+10.0%) and COURTVILLE (+9.5%) topped the gainers’ list.
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