Today, the local bourse closed on a positive note, aided by bargain hunting on BUACEMENT (+2.7%), ACCESSCORP (+2.4%), and FIDELITY (+4.4%). As such, the benchmark index gained 10bps to 49,889.80 points, YTD return improved to 16.8% (previously: 16.7%), while market capitalisation expanded by ₦28.7bn to ₦26.9tn. Meanwhile, activity level dampened as volume and value traded fell 37.6% and 46.0% respectively to 229.1m units and ₦1.7bn.
Across our coverage sectors, performance varied as 3 indices gained, 2 lost while the AFR-ICT index closed flat. The Industrial Goods and Oil & Gas indices appreciated 1.0% and 0.3% respectively, on the back of buying interest in BUACEMENT (+2.7%) and OANDO (+2.0%). Similarly, the Consumer Goods index appreciated 0.1% as a result of price uptick in FLOURMILL (+2.8%). On the flip side, the Insurance and Banking indices closed negative, down 0.5% and 0.4% respectively following sell-offs in MBENEFIT (- 9.4%), AIICO (-1.8%), ZENITH (-3.0%), and STERLING (-4.5%).
Investor sentiment, as measured by market breadth, weakened to 0.03x from 0.09x as 14 stocks gained, 12 lost while 74 closed flat. In the next trading session, we expect a bearish performance in the absence of positive catalyst.
Market Cap (₦’bn) 26,908.94
Market Cap ($’bn) 62.80
NGX All-Share Index 49,889.80
Daily Performance % 0.10
WTD Performance % 0.40
MTD Performance % 0.10
QTD Performance % -3.70
YTD Performance % 16.80
Daily Volume 229.10
Daily Value (₦’bn) 1.70
Daily Value ($’m) 4.10
Sectoral Indices Performance
NGX 30 0.00
NGX BANKING INDEX -0.40
NGX INSURANCE INDEX -0.50
NGX CONSUMER GOODS INDEX 0.10
NGX OIL/GAS 0.30
NGX LII 0.30
NGX INDUSTRIAL GOODS INDEX 1.00
NGX-AseM 0.00
Source: Afrinvest
