TUE 16 MARCH, 2021-theGBJournal- The domestic equities rebounded from the bearish close yesterday, following investors’ buying interest in bellwethers – DANGCEM (+3.6%) and MTNN (+1.2%). Accordingly, the benchmark index advanced by 0.4% to 38,720.81 points. Consequently, the Month-to-Date and Year-to-Date losses moderated to -2.7% and -3.9%, respectively.
The total volume traded increased by 19.7% to 220.86 million units, valued at NGN4.21 billion and exchanged in 4,192 deals. UBA was the most traded stock by volume at 24.41 million units, while DANGCEM was the most traded stock by value at NGN933.04 million.
Analysing by sectors, the Industrial Goods (+1.7%) and Consumer Goods (+0.2%) indices recorded gains, while the Banking (-3.5%) and Insurance (-1.1%) indices declined. The Oil & Gas index closed flat.
Investors’ sentiment, as measured by market breadth (0.6x) was bearish, as 19 tickers lost, relative to 11 gainers. WAPIC (-9.1%) and AFRIPRUD (-8.3%) recorded the largest losses of the day, while REGALINS (+10.0%) and GUINNESS (+10.0%) topped the gainers’ list.