Today, the All-Share index (ASI) rose by 0.1% to 39,460.68 points due to bargain hunting on WAPCO (+2.3%), ZENITH (+0.8%), and GTCO (+0.4%). Consequently, YTD loss improved to -2.0% while market capitalisation increased by ₦13.5bn to ₦20.6tn. Trading activity weakened as volume and value traded fell by 6.7% and 28.4% to 196.8m units and ₦1.5bn respectively. The most traded stocks by volume were COURTVILLE (22.4m units), SOVRENINS (21.3m units), and WEMABANK (16.9m units) while SEPLAT (₦289.6m), ZENITH (₦167.6m), and GTCO (₦131.9m) led by value.
Across sectors under our coverage, performance was mixed as 3 indices gained, 2 lost while the AFR-ICT index closed flat. The Banking, Consumer and Industrial Goods indices rose by 0.1% apiece due to buying interest in ZENITH (+0.8%), GTCO (+0.4%), DANGSUGAR (+0.8%), HONYFLOUR (+4.9%), and WAPCO (+2.3%). On the flip side, the Insurance and Oil & Gas indices dipped by 0.4% and 0.2% respectively due to sell-offs in MANSARD (-2.3%), AIICO (-3.1%), and OANDO (-1.0%).
Investors sentiment, as measured by market breadth (advance/decline ratio), weakened, settling at 0.9x from 1.7x recorded in the previous trading session as 16 stocks advanced while 18 stocks declined. MORISON (+10.0%), REGALINS (+9.5%), and TRIPPLEG (+9.1%) led the gainers while FTNCOCOA (-9.1%), COURTVILLE (-8.8%), and SOVRENINS (-8.0%) led the losers. In the next trading session, we expect to see mild gain driven by strategic positioning in bellwether banking stocks, as H1:2021 earnings release deadline nears crescendo.
Market Statistics for Tuesday, 24th August 2021
| Market Cap (N’bn) | 20,559.6 |
| Market Cap (US$’bn) | 50.0 |
| NSE All-Share Index | 39,460.68 |
| Daily Performance % | 0.1 |
| WTD Performance % | (0.1) |
| MTD Performance % | 2.4 |
| QTD Performance % | 4.1 |
| YTD Performance % | (2.0) |
| Daily Volume (Million) | 196.8 |
| Daily Value (N’bn) | 1.5 |
| Daily Value (US$’m) | 3.5 |
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