The domestic equities market closed yesterday’s trading session flat as the benchmark index stood at 28,344 points while market capitalisation and return remained unchanged at ₦14.8 trillion and 5.6 per cent respectively.
Activity level rose as average volume and value traded improved by 56.7% and 60.1% to 342.2 million units and ₦5 billion.
The most traded stocks by volume were UBA (92.9m units), Zenith (67.2m units) and Guaranty Trust Bank(67.2m units) while Guaranty (₦1.8bn), Zenith (₦1.4bn) and UBA (₦613.6m) led by value.
Performance across sectors was mixed as two of six indices under review closed southwards, 2 gained while 2 closed flat.
The Banking and Insurance indices were the underperformers, down 0.7% and 0.4% following losses in Access (-1.3%), Guaranty (-1.7%) and AIICO (-3.6%).
On the flip side, gains in Guinness (+3%), International Brewery (+3.2%) and Wapco (+4%) buoyed the Consumer and Industrial Goods indices higher by 0.4% and 0.3% respectively while the Oil & Gas and AFR-ICT indices closed flat.
Investor sentiment as measured by market breadth fell to 1.0x from the 1.3x recorded previously as 13 stocks gained against the 12 that declined.