THUR 04 FEB, 2021-theGBJournal- The local bourse sustained its negative run, as profit-taking in bellwethers – DANGCEM (-2.5%), ZENITHBANK (-0.7%) and UBA (-1.1%) prompted a fourth consecutive loss in the NSE All-Share Index.
The benchmark index declined by 0.5% to 41,785.80 points. Sequentially, the Month-to-Date loss increased to 1.5%, while the Year-to-Date gain moderated to 3.8%.
The total volume of trades increased by 24.7% to 629.41 million units, valued at NGN7.98 billion, and exchanged in 4,753 deals. FBNH was the most traded stock by volume at 126.36 million units, while GUARANTY was the most traded stock by value at NGN2.88 billion.
Sectoral performance was broadly negative, following losses in the Industrial Goods (-1.2%), Insurance (-1.1%), Banking (-0.3%) and Consumer Goods (-0.1%) indices. The Oil & Gas (+0.3%) index was the sole gainer of the day.
Market sentiment, as measured by market breadth, was negative (0.9x), as 24 tickers declined, relative to 21 gainers. NNFM (-9.9%) and CHAMPION (-9.7%) recorded the largest losses of the day, while AFRINSURE (+10.0%) and GUINEAINS (+10.0%) topped the gainers’ list.
Today’s five top trades by value are FBNH (N923,179,169.30), GUARANTY (N2,878,971,769.45), UBN (N454,963,645.70), FCMB (N232,243,208.96) and TRANSCORP (N41,300,995.24).