The domestic market resumed trading activities on a positive note today as gains in BUACEMENT (+5.4%), UBN (+7.3%), and GTCO (+1.9%) lifted the benchmark index by 0.3% to 49,189.32 points. Likewise, market capitalisation rose ₦87.7bn to ₦26.5tn while YTD return improved to 15.2% (previously: 14.8%). Meanwhile, activity level dampened as volume and value traded fell 29.4% and 73.2% respectively to 119.2m unit and ₦854m .
Across sectors within our purview, performance was bearish as 4 indices lost, while 2 gained. The Insurance and Consumer Goods indices fell 2.6% and 0.5% respectively, due to price decline in MANSARD (-5.8%), LASACO (-2.1%), GUINNESS (-8.1%), and CHAMPION (-7.8). Similarly, the Oil & Gas and AFR-ICT indices dipped 0.3% and 2bps respectively following sell-offs in OANDO (-2.0%) and MTNN (-5bps). On the flip side, buy interest on BUACEMENT (+5.4%), UBN (+7.8%), and ZENITH (+0.2%) drove the Industrial Goodsand Banking indiceshigher by 1.8% and 0.5% respectively.
Investor sentiment, as measured by market breadth, improved to 0.06x (previously: – 0.16x) as 12 indices gained, 17 lost while 77 closed flat. In the next trading session, we expect bargain hunting activities to sustain the positive performance.
Market Cap (₦’bn) 26,532.30
Market Cap ($’bn) 60.90
NGX All-Share Index 49,189.32
Daily Performance % 0.30
WTD Performance % 0.30
MTD Performance % -1.30
QTD Performance % -5.10
YTD Performance % 15.20
Daily Volume 119.30
Daily Value (₦’bn) 0.90
Daily Value ($’m) 2.00
Sectoral Indices Performance
NGX 30 0.40
NGX BANKING INDEX 0.50
NGX INSURANCE INDEX -2.60
NGX CONSUMER GOODS INDEX -0.60
NGX OIL/GAS -0.30
NGX LII 0.50
NGX INDUSTRIAL GOODS INDEX 1.90
NGX-AseM 0.00
