WED 07 JULY, 2021-theGBJournal- Positive sentiments persisted in the local bourse following investors interest in Tier-1 banking stocks – ACCESS (+2.7%) and ZENITHBANK (+0.8%). Thus, the All-Share Index advanced by 0.2% to 38,501.31 points, with Month-to-Date gain increasing to +1.6% while Year-to-Date loss moderated to -4.4%.
The total volume of trades increased by 2.5% to 296.10 million units, valued at NGN2.56 billion and exchanged in 4,507 deals. FBNH was the most traded stock by volume at 34.84 million units, while ZENITHBANK was the most traded stock by value at NGN689.15 million.
Sectoral performance was broadly positive, following gains across the Insurance (+0.6%), Banking (+0.5%), Oil & Gas (+0.4%), Consumer Goods (+0.1%) and Industrial Goods (+0.1%) indices.
As measured by market breadth, market sentiment was positive (1.8x), as 22 tickers gained relative to 12 losers. CUTIX (+10.0%) and JOHNHOLT (+9.8%) were the top gainers of the day, while BOCGAS (-9.9%) and BERGER (-9.6%) topped the losers’ list.
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