Today, the local bourse posted losses as selloffs in MTNN (-0.5%), STANBIC (-3.3%), and UBA (-2.8%) dragged the NGX-ASI lower by 0.1% to 50,014.60 points. Consequently, YTD return moderated to 17.1% (previously: 17.2%) while market capitalisation declined ₦32.8bn to ₦27.0tn. Activity level diverged as volume traded fell 52.2% to 133.6m units while value traded increased 17.1% to ₦2.4bn.
Across sectors within our purview, performance was bearish as 2 indices gained, 3 lost while the Oil & Gas index closed flat. The Insurance and Industrial Goods indices gained 0.6% and 0.1% respectively due to buy interest in AIICO (+3.7%), WAPIC (+2.4%), WAPCO (+1.3%), and CUTIX (+2.7%). Conversely, losses in UBA (-2.8%), ACCESSCORP (-1.1%), and MTNN (-0.5%) dragged the Banking and AFR-ICT indices down by 0.6% and 0.2% sequentially. Similarly, the Consumer Goods index fell 3bps due to price depreciation in INTBREW (-1.0%).
Investor sentiment, as measured by market breadth, weakened marginally to 0.09x from 0.14x as 21 stocks gained, 15 lost while 64 closed flat. We expect bargain hunting activities to support market performance in the final trading session of the week.
Market Cap (₦’bn) 26,976.28
Market Cap ($’bn) 63.20
NGX All-Share Index 50,014.60
Daily Performance % -0.10
WTDPerformance% -1.40
MTD Performance % -0.70
QTD Performance % -3.50
YTD Performance % 17.10
Daily Volume 133.60
Daily Value (₦’bn) 2.40
Daily Value ($’m) 5.70
Sectoral Indices Performance
NGX 30 -0.20
NGX BANKING INDEX -0.60
NGX INSURANCE INDEX 0.60
NGX CONSUMER GOODS INDEX 0.00
NGX OIL/GAS 0.00
NGX LII -0.10
NGX INDUSTRIAL GOODS INDEX 0.10
NGX-AseM 0.00
