The The local bourse opened the trading week on a positive note as gains in BUACEMENT (+8.6%), UBA (+3.7%), and ACCESSCORP (+2.6%) lifted the benchmark index by 0.5% to 47,565.92 points. Likewise, market capitalisation rose ₦116.8bn to ₦25.9tn while YTD return improved to 11.4% (previously: 10.9%). Activity level diverged as volume traded fell 8.4% to 125.6m units while value traded rose 11.8% to ₦1.9bn.
Across our coverage sectors, performance varied as 3 indices gained, 2 lost while the AFR-ICT index closed flat. The Industrial Goods and Banking indices appreciated 3.2% and 0.6% respectively, on the back of buying interest in BUACEMENT, UBA and ACCESSCORP. Similarly, the Insurance index rose 0.2% as a result of price uptick in CORNERST. On the flip side, the Oil & Gas and Consumer Goods indices closed negative, down 2.4% and 0.1% respectively following sell-offs in SEPLAT, OANDO, UNILEVER, and CADBURY.
Investor sentiment, as measured by market breadth, weakened to -0.04x from -0.01x in the prior session as 12 stocks advanced, 15 declined while 84 closed flat. In the next trading session, we expect bargain hunting activities to sustain the positive performance. Afrinvest
Market Cap (₦’bn) 25,907.88
Market Cap ($’bn) 59.50
NGX All-Share Index 47,565.92
Daily Performance % 0.50
WTD Performance % 0.50
MTD Performance % -3.00
QTD Performance % -3.00
YTD Performance % 11.40
Daily Volume 125.60
Daily Value (₦’bn) 1.90
Daily Value ($’m) 4.40
Sectoral Indices Performance
NGX 30 0.50
NGX BANKING INDEX 0.60
NGX INSURANCE INDEX 0.20
NGX CONSUMER GOODS INDEX -0.10
NGX OIL/GAS -2.40
NGX LII 0.90
NGX INDUSTRIAL GOODS INDEX 3.20
NGX-AseM 0.00