Today, sell pressure on OANDO (-8.5%), DANGSUGAR (-0.8%), and UBA (-0.7%) drove negative performance on the domestic bourse as the All-Share Index slid by 2bps to 37,898.59 points. Accordingly, YTD loss was unchanged at -5.9% while market capitalisation fell by ₦4.5bn to ₦19.8tn. Trading activity declined as volume and value traded fell by 3.9% and 15.5% respectively to 205.5m units and ₦2.7bn. The most traded stocks by volume were GTCO (41.8m units), MBENEFIT (14.7m units), and WEMABANK (13.2m units) while GTCO (₦1.3bn), ZENITH (₦233.8m), and STANBIC (₦227.6m) led by value.
Across sectors under our coverage, performance was positive as 4 indices gained, 1 index lost while the Industrial Goods index remained flat. The Banking and Insurance indices led the gainers, up 0.4% apiece, due to buying interest in ZENITH (+0.6%), WEMABANK (+9.5%), LINKASSURE (+9.5%), and AIICO (+1.0%). Similarly, the Consumer Goods and AFR-ICT indices rose by 2bps and 1bp respectively, on the back of price appreciation in PZ (+8.6%), VITAFOAM (+2.3%), and CWG (+9.6%). On the contrary, the Oil & Gas index was the lone loser, down 1.3% mainly driven by sell pressure on OANDO (-8.5%).
Investors sentiment, as measured by market breadth (advance/decline ratio), remained unchanged at 1.3x as 20 stocks gained while 15 stocks lost. TRIPPLEG (+10.0%), IKEJAHOTEL (+9.8%), and CWG (+9.6%) led gainers while ROYALEX (-9.8%), OANDO (-8.5%), and MBENEFIT (-7.0%) led decliners. In the last trading session of the the week, we expect negative performance to be sustained on continued profit taking.
Market Statistics for Thursday, 1st July 2021
|Market Cap (N’bn)||19,755.9|
|Market Cap (US$’bn)||48.1|
|NSE All-Share Index||37,898.59|
|Daily Performance %||0.0|
|WTD Performance %||0.6|
|MTD Performance %||(1.4)|
|QTD Performance %||0.0|
|YTD Performance %||(5.9)|
|Daily Volume (Million)||205.5|
|Daily Value (N’bn)||2.7|
|Daily Value (US$’m)||6.6|