Buying interest in MTNN (+0.6%), FBNH (+2.0%) and GUINNESS (+10.0%) buoyed gains in equities today as the benchmark index rose 9bps to 38,636.15 points. Consequently, YTD loss improved to -4.1% and market capitalisation increased by ₦18.0bn to settle at ₦20.2tn. Trading activity varied as volume rose 33.2% to 278.0m units and value traded declined 21.9% to ₦2.3bn. The most traded stocks by volume were JAPAULGO (46.2m units), UACN (32.6m units), and FIDELITY (28.5m units) while ZENITH (₦431.4m), UACN (₦311.5m), and GUARANTY (₦250.9m) led by value.
Across sectors that we cover, performance was bearish as 4 indices closed lower. The AFR-ICT and Consumer Goods indices gained 0.3% and 0.2% respectively due to price appreciation in MTNN (+0.6%), GUINNESS (+10.0%) and INTBREW (+0.9%). Conversely, the Insurance index led losers with a 2.2% decline on the back of profit-taking in NEM (-6.5%) and MANSARD (-2.1%). The Banking and Oil & Gas indices also declined by 20bps and 5bps respectively due to price declines in GUARANTY (-0.5%), STERLING (-8.3%) and OANDO (-0.7%). Price weakness in CUTIX (-9.8%) dragged the Industrial Goods index lower by 1bp.
Investor sentiment, as measured by market breadth (advance/decline ratio), declined to 0.6x from 0.8x.recorded in the previous session as 14 stocks advanced against 22 decliners. GUINNESS (+10.0%), MEYER (+8.2%) and WEMABANK (+5.3%) were the top gainers while NNFM (-10.0%), FIDSON (-9.9%), and CUTIX (-9.8%) were the top decliners. Investor sentiment remains weak although, current stock prices are attractive for bargain hunting
Market Statistics for Wednesday, 14th April 2021
| Market Cap (N’bn) | 20,220.1 |
| Market Cap (US$’bn) | 52.4 |
| NSE All-Share Index | 38,636.15 |
| Daily Performance % | 0.1 |
| WTD Performance % | (0.6) |
| MTD Performance % | (1.0) |
| QTD Performance % | (1.0) |
| YTD Performance % | (4.1) |
| Daily Volume (Million) | 278.0 |
| Daily Value (N’bn) | 2.3 |
| Daily Value (US$’m) | 5.9 |
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