The local bourse closed on a bearish note as the NGX-ASI dipped 0.5% to 44,625.18 points, following losses in AIRTELAF (-2.8%), GTCO (-1.1%), and GEREGU (-1.7%). Accordingly, YTD return moderated to 4.5% (previously: 5.0%) while market capitalisation shed ₦127.8bn to ₦24.3tn. Activity level diverged as volume traded rose 61.4% to 151.0m units while value traded fell 54.1% to ₦1.6bn.
Across sectors within our purview, performance was mixed as 2 indices lost, 2 gained while the Oil & Gas and Industrial Goods indices closed flat. Losses in AIRTELAF (- 2.8%), AIICO (-3.6%), and LINKASSURE (-9.3%) dragged the AFR-ICT and Insurance indices lower by 1.5% and 1.1% respectively. On the other hand, the Banking and Consumer Goods indices advanced 110bps and 1bp sequentially following buying interest in ZENITH (+2.6%), UBA (+1.4%), and NB (+0.1%).
Investor sentiment, as measured by market breadth, improved to 0.04x (from -0.09x) as 12 stocks advanced, 9 declined while 81 closed flat. We expect bargain-hunting activities to boost market performance in the final trading session.
Market Cap (₦’bn) 24,306.14
Market Cap ($’bn) 55.10
NGX All-Share Index 44,625.18
Daily Performance % -0.50
WTD Performance % 0.50
MTD Performance % -9.00
QTD Performance % -9.00
YTD Performance % 4.50
Daily Volume 151.00
Daily Value (₦’bn) 1.60
Daily Value ($’m) 3.50
Sectoral Indices Performance
NGX 30 -0.40
NGX BANKING INDEX 1.10
NGX INSURANCE INDEX -1.00
NGX CONSUMER GOODS INDEX 0.00
NGX OIL/GAS 0.00
NGX LII -0.50
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.00
