The domestic market resumed trading activities on a negative note today, following selloffs on ETI (-9.5%), INTBREW (-9.7%), and GTCO (-1.6%). As such, the benchmark index shed 20bps to 43,838.08 points, YTD return moderated to 2.6% (previously: 2.8%), while market capitalisation declined by ₦40.0bn to ₦23.8tn. Meanwhile, activity level varied as volume traded rose 31.1% to 161.0m units while value traded fell 21.1% to ₦3.4bn.
Across sectors within our purview, performance was bearish as 4 indices lost, 1 gained while the Industrial Goods index closed flat. The Banking index led laggards, down 0.8% owing to price decline in ETI (-9.5%) and ZENITH (-0.5%). Similarly, the Consumer Goods and Oil & Gas indices dipped 0.4% apiece due to sell-offs in INTBREW (-9.7%), VITAFOAM (-0.7%), and OANDO (-2.2%). Trailing, the AFR-ICT index fell 2bps due to sell pressure on MTNN (-5bps). On the flip side, the Insurance index appreciated by 0.3% due to buy interest in NEM (+6.6%).
Investor sentiment, as measured by market breadth, faltered to -0.14x (previously: -0.03x) as 8 stocks gained, 19 lost while 79 closed flat. Tomorrow, we expect profit-taking activities to persist amid weak investor sentiment.
Market Cap (₦’bn) 23,877.97
Market Cap ($’bn) 54.20
NGX All-Share Index 43,839.08
Daily Performance % -0.20
WTD Performance % -0.20
MTD Performance % -10.60
QTD Performance % -10.60
YTD Performance % 2.60
Daily Volume 161.10
Daily Value (₦’bn) 3.50
Daily Value ($’m) 7.90
Sectoral Indices Performance
NGX 30 -0.20
NGX BANKING INDEX -0.80
NGX INSURANCE INDEX 0.30
NGX CONSUMER GOODS INDEX -0.40
NGX OIL/GAS -0.40
NGX LII 0.00
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.00
