June 06, (THEWILL) – United Bank for Africa (UBA) was the most traded stock by volume at 47.13 million units, at the end of today’s trading (Tuesday) on the Nigerian Exchange (NGX).
Data by the NGX also showed that Airtel Africa (AIRTELAFRI) was the most traded stock by value at NGN1.76 billion.
Investors in the local bourse gained N126 billion with market capitalisation closing at N30.513 trillion against N30.387 trillion in the previous trading session.
The All-Share Index rose 0.42 percent to close 56,038 compared to 55.806 in the previous day.
Sentiments in the local bourse turned positive as the All-Share Index increased by 0.4% to close at 56,038.8 points as against 55.806.7 yesterday.
Today’s performance was supported by bargain hunting in AIRTELAFRI (+2.0%). As a result, the Month-to-Date and Year-to-Date returns increased to +0.5% and +9.3%, respectively.
Analysing by sectors, the Oil & Gas (+1.0%), Insurance (+0.6%), and Consumer Goods (+0.2%) indices posted gains, while the Industrial Goods index remained unchanged. The Banking (-0.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.2x), as 28 tickers gained relative to 24 losers. ETRANZACT (+10.0%) and ETERNA (+9.9%) recorded the most significant gains of the day, while JOHNHOLT (-9.9%) and MULTIVERSE (-9.5%) topped the losers’ list
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
