The Nigerian equities market sustained losses from the previous trading session as the benchmark index dipped by 0.16% to 27,047.58 points, following sell-offs in Nestle, Dangote Cement and CCNN.

However, the total volume of trades increased by 25.38% to 364.21 million units, valued at NGN4.86 billion and exchanged in 4,629 deals.

Guaranty was the highest traded stock by volume and value at 78.67 million units and NGN2.12 billion respectively.

Analyzing sector performance, the Banking (+1.00%) index was the sole gainer, while the Consumer Goods (-2.22%), Industrial Goods (-1.61%), Insurance (-0.49%) and Oil & Gas (-0.19%) indices recorded declines.

Market sentiment, as measured by market breadth, was positive (1.50x) as 18 tickers recorded gains relative to 12 losers.

Thomaswy (-9.52%) and Continsure (-7.36%) topped the decliners list, while UAC-PROP (+9.62%) and FBNH (+7.58%) recorded the largest gains.

Leave a Reply