Investors traded on Tuesday with mixed sentiments on the Nigerian Exchange Limited, NGX to end the day marginally bearish.
Thus, the All-Share Index closed 0.02% weaker to close at 52,308.88 basis points while the market capitalization shed a meagre ₦5.96bn to close at ₦28.21trn.
Losses in MTN NIGERIA COMMUNICATIONS PLC (0.43%) and ACCESS HOLDINGS PLC (1.08%), crippled the effect of the gains made in GUARANTY TRUST HOLDING COMPANY PLC (+0.47%), FBN HOLDINGS PLC (+1.82%) and UNITED BANK FOR AFRICA PLC (+0.67%).
The total volume traded increased by 76.9% to 205.64 million units, valued at ₦2.79 billion, and exchanged in 4,127 deals.
UNITED BANK FOR AFRICA PLC was the most traded stock by volume at 74.28 million units, while MTN NIGERIA COMMUNICATIONS PLC was the most traded stock by value at ₦876.34 million.
As measured by market breadth, market sentiment was also mixed with 16 gaining stocks as well as 16 losers.
R T BRISCOE PLC (+10.0%) and GLAXO SMITHKLINE CONSUMER NIG. PLC (+9.0%) recorded the highest gains of the day, while MULTIVERSE MINING AND EXPLORATION PLC (-9.5%) and JAPAUL GOLD & VENTURES PLC (7.41) topped the losers’ list.
Sectoral performance was broadly positive, as the Insurance (+0.9%), Oil & Gas (+0.8%), and Industrial Goods (+0.2%) indices closed higher, while the Banking (-0.4%) and Consumer Goods (-0.1%) indices declined.
Hauwa Abu
