Home Finance Domestic stock market records marginal gains… ASI up 5bps

Domestic stock market records marginal gains… ASI up 5bps

by Business News Report

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  

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