The equities market resumed trading in the red as losses in ZENITH (-2.3%), FBNH (-4.1%) and UNILEVER (-10.0%) drove the All-Share Index 0.3% lower to 29,552.99 points. Consequently, YTD return moderated to 10.1% while market capitalisation fell by ₦39.1bn to ₦15.2tn. On the other hand, activity level was mixed as volume traded rose 140.6% to 444.0m units while value traded declined 9.8% to ₦3.3bn. The top traded stocks by volume were VERITASKAP (225.6m units), ZENITH (45.4m units) and GUARANTY (26.7m units) while the top traded stocks by value were ZENITH (₦988.9m), GUARANTY (₦856.2m) and NESTLE (₦160.1m).
Performance across sectors was mixed albeit positively skewed as 3 of 6 indices under our coverage gained save the Oil & Gas and AFR-ICT indices which remained unchanged. The Insurance index (+0.5%) led the gainers chart, anchored by price appreciation in LINKASSURE (+8.3%) and LASACO (+3.9%). Likewise, the Consumer (+0.2%) and Industrial Goods (+0.1%) indices trailed, following buying interest in NIGERIAN BREWERIES (+3.9%), VITAFOAM (+6.0%) and WAPCO (+0.6%). On the contrary, the Banking index lost as sell-pressures in ZENITH (-2.3%) and ACCESS (-2.4%) dragged the index down by 1.2%.
Market Statistics for Monday, 27th January 2020
| Market Cap (N’bn) | 15,222.5 |
| Market Cap (US$’bn) | 42.3 |
| NSE All-Share Index | 29,552.99 |
| Daily Performance % | (0.3) |
| WTD Performance % | (0.3) |
| MTD Performance % | 10.1 |
| QTD Performance % | 10.1 |
| YTD Performance % | 10.1 |
| Daily Volume (Million) | 444.0 |
| Daily Value (N’bn) | 3.3 |
| Daily Value (US$’m) | 9.3 |
Source: Afrinvest
