In today’s trading, the local bourse closed lower, as investors’ sell-offs of MTNN and Total dragged the benchmark index by 0.05% to 21,729.48 points.

Consequently, the Month-to-Date and Year-to-Date losses worsened to -17.1% and -19.1%, respectively.

The total volume of trades decreased by 29.3% to 233.47 million units, valued at NGN2.24 billion and exchanged in 3,874 deals.

Guaranty was the most traded stock by volume and value at 49.70 million units and NGN874.78 million, respectively.

Analysing performances by sectors, all sectors recorded growth, save for the Oil & Gas (-1.0%) index, as the Banking (+2.9%), Insurance (+1.4%), Industrial Goods (+0.4%), and Consumer Goods (+0.2%) indices, all closed positive.

Market sentiment, as measured by market breadth, was positive (2.7x), as 19 tickers gained, relative to 7 losers.

CUTIX (+10.0%) and Cadbury (+9.7%) were the top gainers, while Total (-10.0%) and Afriprud (-10.0%) recorded the largest losses of the day.

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