Today, the domestic bourse outperformed our previous projection as buying interest in MTNN (+0.2%), FBNH (+1.3%), and STANBIC (+0.9%) supported a gain of 5bps to push the benchmark index to 47,364.46 points. Thus, market capitalisation and YTD return grew by ₦12.7bn and 10bps respectively to ₦25.5tn and 10.9%. Meanwhile, trading activity varied as volume traded waned by 20.4% to 145.8m units while value traded rose 2.4% to ₦2.5bn.
Across our coverage sectors, performance was mixed as 3 indices gained, 1 lost while the Industrial Goods and Oil & Gas indices closed flat. The Insurance and Consumer Goods indices outmatched the broad market, up 1.2% and 0.2% respectively due to price uptick in AIICO (+6.2%), NEM (+2.2%), PZ (+9.8%), and FLOURMILL (+0.8%). Trailing, the AFR-ICT index reversed the previous loss, up 0.1% following gains in MTNN (+0.2%). However, sell pressure on ZENITH (-1.5%) and ACCESS (-1.0%) dragged the Banking index down by 0.6%. Investor sentiment, as measured by market breadth, improved to 0.03x from -0.10x as 20 stocks gained, 18 lost while 71 closed flat.
Trade Summary
Market Cap (₦’bn) 25,526.86
Market Cap ($’bn) 61.4
NGX All-Share Index 47,364.46
Daily Performance % 0.0%
WTD Performance % -0.2%
MTD Performance % -0.1%
QTD Performance % 10.9%
YTD Performance 10.9%
% Daily Volume 145.8
Daily Value (₦’bn) 2.5
Daily Value ($’m) 6.1
Sectoral Indices Performance
NGX 30 0.0%
NGX BANKING INDEX -0.6%
NGX INSURANCE INDEX 1.2%
NGX CONSUMER GOODS INDEX 0.2%
NGX OIL/GAS 0.0%
NGX LII 0.1%
NGX INDUSTRIAL GOODS INDEX 0.0%
NGX-AseM
