Home Stock Market Investors gain N78bn in equities trading

Investors gain N78bn in equities trading

by Business News Report

Today, the domestic equities market reversed yesterday’s losses, due to buying interest in BUACEMENT (+2.1%), ZENITH (+1.3%) and NIGERIAN BREWERIES (+1.1%) as the All-Share Index rose 0.4% to 37,954.35  points. Consequently, YTD loss improved to -5.8% while market capitalisation increased by ₦78.1bn to ₦19.8tn. Trading activity was mixed as volume traded fell by 19.7% to 167.4m units while value traded rose by 14.2% to ₦1.8bn. The most traded stocks by volume were ZENITH (13.9m units), SOVRENINS (12.7m units), and UBA (11.8m units) while ZENITH (₦330.1m), STANBIC (₦235.3m), and PRESCO (₦180.5m) led by value.

Across sectors under our coverage, performance was bullish as 4 indices gained, 1 lost while AFR-ICT index closed flat. The Industrial Goods and Banking indices led gainers, up 0.9% and 0.6% respectively on the back of buying interest  in BUACEMENT (+2.1%), FBNH (+1.4%) and ZENITH (+1.3%). Similarly, the Oil & Gas and Consumer Goods indices Inched higher by 0.3% and 0.2% respectively following price appreciation in OANDO (+3.5%) and NIGERIAN BREWERIES (+1.1%). Conversely, the Insurance index fell by 0.3% on the back of sell-offs in AIICO (-7.4%). 

Investors sentiment, as measured by market breadth (advance/decline ratio), strengthened to 1.4x from 0.5x recorded in the last trading session as 19 stocks advanced while 14 stocks declined. PORTPAINT (+10.0%), MBENEFIT (+10.0%), and LEARNAFRCA (+4.0%) led gainers while JULI (-9.6%), AIICO (-7.4%), and CHAMS (-4.8%) led decliners. In the last trading session, we suspect that profit taking may dominate the local bourse.

Market Statistics for Thursday, 24th June 2021 

Market Cap (N’bn)19,781.2
Market Cap (US$’bn)48.1
NSE All-Share Index37,954.35
Daily Performance %0.4
WTD Performance %(1.8)
MTD Performance %(1.3)
QTD Performance %(2.8)
YTD Performance %(5.8)
Daily Volume (Million)167.4
Daily Value (N’bn)1.8
Daily Value (US$’m)4.5

Source: Afrinvest

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