The rally continued in today’s trading session as the benchmark index advanced 6.2% to close at 35,342.46 points on the back of gains in DANGCEM (+8.1%), BUACEMENT (+10.0%) and AIRTELAF (+10.0%). As such, investors gained ₦1.1tn as market capitalisation rose to ₦18.5tn while YTD return improved to 31.7%. Activity level surged as volume and value traded increased by 39.0% and 92.0% to 1.2bn units and ₦17.4bn in that order. The most traded stocks by volume were ZENITH (161.4m units), FBNH (121.5m units) and ACCESS (100.8m units) while ZENITH (₦4.5bn), MTNN (₦2.7bn) and GUARANTY (₦1.8bn) led by value.
All the 6 sectors that we track maintained the positive run. The Industrial Goods and Banking indices advanced the most, up 8.7% and 7.9% respectively following price appreciation in DANGCEM (+8.1%), BUACEMENT (+10.0%), and ZENITH (+10.0%). Similarly, the Consumer Goods and AFR-ICT indices closed 5.8% and 5.0% higher respectively on account of buying interest in NIGERIAN BREWERIES (+9.7%), NESTLE (+3.6%) and AIRTELAF (+10.0%). Lastly, the Insurance and Oil & Gas indices strengthened 4.8% and 2.0% respectively, driven by buying interest in MANSARD (+9.6%), OANDO (+9.8%) and ARDOVA (+9.7%).
Investor sentiment as measured by market breadth (advance/decline ratio) rose to 9.3x from the 7.3x recorded previously as 65 tickers gained against 7 losers. AIRTELAF (+10.0%), BUACEMENT (+10.0%) and CADBURY (+10.0%) led the top gainers while ETERNA (-9.9%), MAYBAKER (-9.7%) and MORISON (-9.3%) led the decliners. Given the sustained positive run, we expect the market to close the week on a bullish note.
Seplat Plc: the company announced that Mr. Michael Alexander, Senior Independent Non-Executive Director (“SINED”), and Mrs. Ifueko M. Omoigui Okauru, Independent Non-Executive Director (“INED”), will retire from the Board effective 31 January 2021.
Market Statistics for Thursday, 12th November 2020
|Market Cap (N’bn)||18,467.5|
|Market Cap (US$’bn)||47.8|
|NSE All-Share Index||35,342.46|
|Daily Performance %||6.2|
|WTD Performance %||13.9|
|MTD Performance %||15.8|
|QTD Performance %||31.7|
|YTD Performance %||31.7|
|Daily Volume (Million)||1,192.8|
|Daily Value (N’bn)||17.4|
|Daily Value (US$’m)||45.1|