Today, the the All-Share Index rose 1.2% to 40,716.66 points due to buying interest in AIRTELAF (+6.3%), FBNH (+9.8%), and ZENITH (+1.7%). Notably, YTD return swung to the positive region at 1.1% while market capitalisation rose by ₦246.8bn to ₦21.2tn. Trading activity strengthened as volume and value traded rose 114.0% and 67.6% respectively to 433.0m units and ₦3.1bn. The most traded stocks by volume were UNIVINSURE (105.1m units), FBNH (46.3m units), and ACCESS (30.7m units) while GTCO (₦721.4m), AIRTELAF (₦526.6m), and FBNH (₦411.2m) led by value.
Performance across the sectors under our coverage was mixed as 3 indices gained, 2 lost, while the Industrial Goods index closed flat. The AFR-ICT index led gainers, up 2.7% due to price appreciation in AIRTELAF (+6.3%). Similarly, the Banking and Oil & Gas indices rose 2.5% and 0.8% respectively on the back of bargain hunting in FBNH (+9.8%), ZENITH (+1.7%), OANDO (+3.8%), and ETERNA (+1.3%). Meanwhile, sell-offs in WAPIC (-4.0%), LINKASSURE (-3.3%) and FLOURMIL (-2.3%) dragged the Insurance and Consumer Goods indices lower by 1.1% and 0.4% respectively.
Investor sentiment, as measured by market breadth (advance/decline ratio), strengthened to 1.9x from 1.6x as 23 stocks advanced while 14 stocks declined. FBNH (+9.8%), PHARMDEKO (+9.7%), and COURTVILLE (+7.9%) led the gainers while UPL (-9.6%), REGALINS (-8.9%), and INTBREW (-6.2%) led the losers. In the next trading session, we anticipate a sustained positive performance on the back of bargain hunting activities.
Market Statistics for Tuesday, 5th October 2021
|Market Cap (N’bn)||21,216.7|
|Market Cap (US$’bn)||51.0|
|NSE All-Share Index||40,716.66|
|Daily Performance %||1.2|
|WTD Performance %||1.2|
|MTD Performance %||1.2|
|QTD Performance %||1.2|
|YTD Performance %||1.1|
|Daily Volume (Million)||433.0|
|Daily Value (N’bn)||3.1|
|Daily Value (US$’m)||7.6|