TUE 22 JUNE, 2021-theGBJournal- The Nigerian equities bourse dipped further into the bear territory as foreign investors sold off AIRTELAFRI (-10.0%). Thus, the All-Share Index declined by 1.8% to 37,847.07 points. Accordingly, Month-to-date return turned negative (-1.5%), while Year-to-Date loss increased to -6.0%.
The total volume of trades increased by 4.3% to 218.27 million units, valued at NGN2.73 billion, and exchanged in 3,524 deals. TRANSCORP was the most traded stock by volume at 42.44 million units, while MTNN was the most traded stock by value at NGN333.75 million.
Sectoral performance was mixed, as the Industrial Goods (-1.1%), Insurance (-0.4%) and Banking (-0.1%) indices declined, while the Oil & Gas (+0.1%) index was the sole gainer. The Consumer Goods index was flat.
As measured by market breadth, market sentiment was negative (0.7x), as 23 tickers lost relative to 17 gainers. AIRTELAFRI (-10.0%) and MBENEFIT (-7.3%) topped the losers’ list, while FIDSON (+10.0%) and VITAFOAM (+9.7%) recorded the most significant gains of the day.-With Cordros Research
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