THUR 18 MARCH, 2021-theGBJournal-The All-Share Index shrugged of its 4bps loss Wednesday to climb 0.5% up after Thursday’s trading. 22 stocks posted gains as against 12 Wednesday while 11 stocks declined.
Interest in tier 1 banks, ZENITHBANK (+7.3%) and GUARANTY (+6.4%), pushed the All-Share Index higher by 0.5% to 38,914.84 points. Accordingly, the Month-to-Date and Year-to-Date losses moderated to -2.2% and -3.4%, respectively.
The total volume of trades increased significantly by 727.8% to 1.47 billion units, valued at NGN5.85 billion, and exchanged in 4,040 deals. UNITYBNK was the most traded stock by volume at 1.00 billion units, while GUARANTY was the most traded stock by value at NGN3.55 billion.
Analysing by sectors, the Banking (+4.4%) and Industrial Goods (+0.2%) indices recorded gains, while the Insurance (-0.8%), Consumer Goods (-0.2%) and Oil & Gas (-0.1%) declined.
As measured by market breadth, market sentiment was positive (2.0x), as 22 tickers gained, relative to 11 losers. ETERNA (+10.0%) and LASACO (+8.3%) recorded the day’s largest gains, while WAPIC (-9.1%) and LINKASSURE (-9.1%) topped the losers’ list.