The Nigerian equities market Thursday sustained its bearish run, as the benchmark index declined by 0.11% –to 27,052.93 points, following sell-offs on Dangote Cement.
Consequently, the month-to-date and year-to-date losses worsened to – 2.36% and -13.90% respectively.
Similarly, the total volume of trades decreased by 22.32% to 217.22 million units, valued at NGN3.43 billion, and exchanged in 4,222 deals. Guaranty was the most traded stock by volume at 42.50 million units, while MTNN was the most traded by value at NGN1.44billion.
Losses were evident across all sectors, save for the Oil & Gas indices that closed flat, as the Consumer Goods (-1.13%), Banking (-0.86%), Insurance (-0.85%) and Industrial Goods (-0.18%) indices all closed in the red.
Market sentiment, as measured by market breadth, was negative (0.39x) as 23 tickers recorded losses relative to 9 gainers.
On the decliners list, ETI (-10.00%) and Unilever (-10.00%) recorded the largest losses, while CCNN (+9.43%) and Unity Bank (+7.81%) led the gainers’ list.