NIGERIA:Equities Market Record N24bn Loss On Sale Pressure

  • 10 September 2021 / News / 115 / Fares RAHAHLIA


NIGERIA:Equities Market Record N24bn Loss On Sale Pressure

Sale pressure on UACN (-0.5 percent), International Brewery (-40%), and GTCO (-2.0%) led to a negative performance on the local bourse as market capitalization fell by N24.4 billion to N20.4 trillion.

Consequently, the NGX All-Share Index declined by 12bps to 39,204.52 points while the Year-to-date loss slid to -2.6%.

Trading activity was mixed as volume traded fell by 0.5% to 354.1m units while value traded rose by 11.5% to N3.2bn.

The most traded stocks by volume were FBNH (86.0m units), Access (71.1m units), and Universal Insurance (22.3m units) while Access (N671.3m), FBNH (N640.9m), and GTCO (N529.1m) led by value.

Performance was mixed across sectors as 3 indices declined, 1 gained, while the AFR-ICT and Industrial Goods indices remained flat.

Investor sentiment, as measured by market breadth strengthened to 1.1x from 0.8x as 15 stocks advanced while 14 stocks declined.

 


source: daily trust

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