…Year-to-Date returns settle at +25.9%
Bamidele Famoofo
WorldStage– Profit-taking activities continued in the Nigerian equities market today, with PRESCO (-10.0%), DANGCEM (-0.6%) and UACN (-10.0%) weighing down the bourse.
Consequently, the All-Share Index ended the session 0.1 percent lower at 195,898.52 points, with the Month-to-Date and Year-to-Date returns settling at +1.6 percent and +25.9 percent, respectively.
The total volume traded declined by 10.1 percent to 671.27 million units, valued at N26.13 billion, and exchanged in 58,792 deals. WEMABANK was the most traded stock by volume and value at 106.36 million units and N2.75 billion, respectively.
Analysing by Sectors, the Insurance (-0.4%), Consumer Goods (-0.4%) and Oil & Gas (-0.1%) indices declined, while the Industrial Goods index (+1.4%) advanced. The Banking Index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 39 tickers lost relative to 29 gainers. PRESCO (-10.0%) and UACN (-10.0%) led the losers, while NGXGROUP (+10.0%) and PREMPAINTS (+9.9%) posted the most significant gains of the day.
