Stock index closes flat amidst falling turnover

The Nigerian equities market traded with mixed sentiments on Tuesday as a -2.7 per cent loss in INTBREW offset gains in 1.7 per cent profit recorded in the shares of Access Bank Plc.

Thus, the All-Share Index (ASI) which measures price changes at the market traded flat at 43,255.14 basis points, with the Month-to-Date (MtD) and Year-to-Date (YtD) returns unchanged at 2.9 per cent and 7.4 per cent, respectively.

Similarly, the market capitalisation stood unchanged at N22.58 trillion.

The cold session was recorded amidst declining turnover as volume of trades plunged by 90.9 per cent to 219.97 million units, valued at N2.91 billion, and exchanged in 4,158 deals. GTCO was the most traded stock by volume and value at 36.19 million units and N919.63 million, respectively.

Analysing by sectors, the Insurance (-2.0%), Oil & Gas (-0.2%), and Consumer Goods (-0.2%) indices recorded declines, the Banking index (+0.2%) gained, and the Industrial Goods index closed flat.

As measured by market breadth, market sentiment was positive as 18 tickers gained relative to 14 losers.

According to trading statistics provided by the Nigerian Exchange Limited (NGX), HONYFLOUR (+10.0%) and UPL (+8.7%) recorded the most significant gains of the day, while NEM (-9.3%) and MANSARD (-5.1%) topped the losers’ list.