Today, the domestic market was bearish as losses in BUACEMENT, GUINNESS, and GTCO dragged the ASI index lower by 0.5% to 49,190.34 points. Accordingly, YTD return moderated to 15.2% (previously: 15.7%) while market capitalisation fell ₦124.9bn to ₦26.5tn. Meanwhile, activity level improved as volume and value traded rose 144.5% and 202.0% respectively to 126.8m units and ₦1.8bn.
Across sectors within our purview, performance was bearish as 4 indices lost, 1 gained while the AFR-ICT index closed flat. The Industrial and Consumer Goods indices dipped 2.3% and 0.4% respectively following sell-offs in BUACEMENT (-6.2%), GUINNESS (-5.6%), and CARDBURY (-9.6%). Trailing, the Insurance and Oil & Gas indices fell 30bps and 20bps sequentially due to sell pressure on CORNERST (-10.0%) and OANDO (-1.2%). On the flip side, the Banking index appreciated 0.4% on the back of buy interest in ACCESSCORP(+1.2%), UBA (+0.7%), and ZENITH (+0.3%).
Investor sentiment, as measured by market breadth, weakened to -0.05x (previously: – 0.03x) as 10 stocks advanced, 14 declined while 73 closed flat. We anticipate a negative outing in the next trading session on the back of weak sentiment.
Market Cap (₦’bn) 26,532.85
Market Cap ($’bn) 60.90
NGX All-Share Index 49,190.34
Daily Performance % -0.50
WTD Performance % -0.60
MTD Performance % -1.30
QTD Performance % -5.10
YTD Performance % 15.20
Daily Volume 126.80
Daily Value (₦’bn) 1.80
Daily Value ($’m) 4.10
Sectoral Indices Performance
NGX 30 -0.60
NGX BANKING INDEX 0.40
NGX INSURANCE INDEX -0.30
NGX CONSUMER GOODS INDEX -0.40
NGX OIL/GAS -0.20
NGX LII -0.60
NGX INDUSTRIAL GOODS INDEX -2.30
NGX-AseM 0.00
Source: Afrinvest
