Investors sentiment was positive for most of Tuesday’s trading session, however, late sell-offs on MTNN led to negative market return of 0.21% to 27,058.62 points. Consequently, the Month-to-Date and Year -to-Date losses worsened to -2.38% and -13.91% respectively.
Total volume of trades decreased by 16.40% to 209.62 million units, valued at NGN3.23 billion, and exchanged in 3,743 deals.
Transcorp was the most traded stock by volume at 43.59 million units, while Guaranty was the most traded by value at NGN1.14 billion.
Gains were evident across all sectors, as the Banking (+1.88%), Oil & Gas (+0.99%), Insurance (+0.59%), Industrial Goods (+0.56%) and Consumer Goods (+0.22%) indices closed positive. Market sentiment, as measured by market breadth, was positive (2.70x) as 20 tickers recorded gains relative to 13 losers.
On the gainers list, OANDO (+10.0%) and Transcorp (+10.0%) recorded the largest gains, while CUTIX (-9.62%) and PZ (- 8.33%) recorded the largest decline.