The local bourse started the week on a negative note as the NGX-ASI fell 0.6% to 53,772.14 points due to sell pressure on MTNN (-3.0%), PRESCO (-10.0%), and WAPCO (-1.6%). Consequently, YTD return moderated to 25.9% (previously 26.6%) while market capitalisation dipped ₦168.8bn to ₦29.0tn. Volume traded rose 9.4% to 227.5m units while value traded declined 45.7% to ₦3.0bn.
Across our coverage sectors, performance was bearish as 4 indices lost while 2 gained. The AFR- ICT and Banking indices led laggards, down 1.2% and 0.3% respectively on account of profit- taking in MTNN (-3.0%), ZENITH (-0.2%), and WEMABANK (-6.9%). Trailing, the Industrial and Consumer Goods indices fell 0.1% apiece due to sell-offs in WAPCO (-1.6%) and HONYFLOUR (- 6.3%). Conversely, the Insurance and Oil & Gas indices rose 0.7% and 0.1% respectively following price uptick in MANSARD (+4.4%) and OANDO (+0.5%). Investor sentiment, as measured by market breadth, strengthened to 0.12x from -0.01x as 25 stocks gained, 17 lost while 66 closed flat. In the next trading session, we anticipate a rebound in market performance stemming from the gradual improvement in market sentiment.
Market Cap (₦’bn) 28,989.10
Market Cap ($’bn) 69.1
NGX All-Share Index 53,772.14
Daily Performance % -0.6
WTD Performance % -0.6
MTD Performance % 8.3
QTD Performance % 8.3
YTD Performance % 25.9
Daily Volume 227.5
Daily Value (₦’bn) 3.0
Daily Value ($’m) 7.1
Sectoral Indices Performance
NGX 30 -0.9
NGX BANKING INDEX -0.3
NGX INSURANCE INDEX 0.7
NGX CONSUMER GOODS INDEX -0.1
NGX OIL/GAS 0.1
NGX LII -1.3
NGX INDUSTRIAL GOODS INDEX -0.1
NGX-AseM 0.0
