By Niyi Jacobs
The NGXASI index saw a mixed sentiment in August 2024, with 45% of stocks experiencing a buy sentiment and 55% experiencing a sell sentiment. The volume index was 1.20, indicating a moderate level of trading activity.
The top gainers for the month were Abbey (+100%), Berger (+100%), and BUAFUD (+100%), while the top losers were Beta (-100%), Cutix (-88%), and UPDC (-75%).
The MFI (Money Flow Index) readings showed that 69.25% of stocks experienced an increase in price, while 30.75% experienced a decrease.
The sentiment report also showed that 55% of stocks had a sell sentiment, while 45% had a buy sentiment.
Overall, the NGXASI index saw a mixed sentiment in August 2024, with some stocks experiencing significant gains while others experienced significant losses.
Sentiment Report:
- Buy Sentiment: 45%
- Sell Sentiment: 55%
- Volume Index: 1.20
- MFI Readings: 69.25% (increase in price), 30.75% (decrease in price)
