Mixed sentiments dominated trading in the equities market, on Tuesday, as the All-Share Index (ASI) closed flat at 41,814.74 basis points.
Following profit-taking activities in Nigerian Breweries that offset interests in its counterpart – International Breweries, the benchmark index of the Nigerian Exchange Limited (NGX) remained unchanged.
Accordingly, Month-to-Date and Year-to-Date returns were flat at +4.0 per cent and +3.8 per cent, respectively, as the market capitalisation remained unchanged at N21.82 trillion
Also, activities at the local bourse were unimpressive as the total volume of trades declined by 47.6 per cent to 353.23 million units, valued at N5.57 billion, and exchanged in 5,322 deals.
FBN Holdings still holds investors hearts as it made the most traded stock by volume and value at 73.06 million units and N906.75 million, respectively.
Given the mixed-bag sentiment, the local bourse recorded a bullish run on shares of Internationa Breweries, UACN, WAPCO, C&I Leasing and University Press Limited.
On the flip side, investors took profit on the shares of Nigerian Breweries, NGX Group, Cutix, FBN Holdings and Redstar Express.
However, there was sustained bullish performance across most sub-sectors as four of the five indexes tracked closed in green: the NSE Banking, NSE Insurance, NSE Consumer Goods and the NSE Industrial indexes increased by 0.21 per cent, 0.51 per cent, 0.04 per cent, and 0.06 per cent respectively. However, the NSE Oil/Gas indices moderated by 0.38 per cent.
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