Today, the domestic market sustained its bearish run as the NGX-ASI dipped 0.1% to 52,122 points on account of profit-taking in INTBREW (-9.2%), WAPCO (-1.9%), and FBNH (-0.9%). Accordingly, YTD return moderated to 22.0% (previously: 22.2%) while market capitalisation shed ₦34.8bn to ₦28.1tn. Similarly, trading activity dampened as volume and value declined 36.2% and 35.3% respectively to 151.9m unitsand ₦2.2bn.
Across our coverage sectors, performance was mixed albeit with bearish tilt as 3 indices lost, 2 gained, while the AFR-ICT index closed flat. The Consumer Goods and Banking indices led decliners, down 0.4% apiece due to price depreciation in INTBREW (-9.2%), HONYFLOUR (-2.4%), UBN (-0.7%), and JAIZBANK (-6.6%). Trailing, profit-taking in WAPCO (-1.9%) dragged the Industrial Goods index lower by 0.1%. On the other hand, the Insurance and Oil & Gas indices advanced 0.8% and 0.1% sequentially on due to bargain hunting in AIICO(+0.6%), CORNERST(+9.1%), andOANDO(+0.6%).
Investor sentiment, as measured by market breadth, improved marginally to -0.13x from – 0.15x in the previous session as 13 stocks gained, 22 lost while 70 closed flat. In the final trading session for the week, we expect bargain-hunting activities to drive bullish sentiment.
Market Cap (₦’bn) 28,107.29
Market Cap ($’bn) 65.90
NGX All-Share Index 52,122.00
Daily Performance % -0.10
WTD Performance % -0.20
MTD Performance % 0.60
QTD Performance % 0.60
YTD Performance % 22.00
Daily Volume 151.90
Daily Value (₦’bn) 2.20
Daily Value ($’m) 5.10
Sectoral Indices Performance
NGX 30 -0.20
NGX BANKING INDEX
NGX INSURANCE INDEX -0.40
NGX CONSUMER GOODS INDEX 0.80
NGX OIL/GAS -0.40
NGX LII 0.10
NGX INDUSTRIAL GOODS INDEX -0.10
NGX-AseM -0.10
