The Nigeria stock market opened the week with a flattish performance as the benchmark index settled at 44,269.43 (previously: 44,269.18) points. As such, YTD return was unchanged at 3.6% while market capitalisation increased by ₦134.3m to ₦24.1tn. Market activity declined as volume and value traded fell 85.4% and 53.5% respectively to 103.2m units and ₦2.1bn.
Across sectors within our purview, performance was mixed as 3 indices lost, 2 gained while the AFR-ICT index closed flat. The Insurance and Oil & Gas indices dipped 0.8% and 0.7% respectively due to selloffs in CORNERST (-9.1%), MBENEFIT (-3.7%), and OANDO (- 4.8%). Similarly, the Consumer Goods index declined 4bps following losses in CHAMPION (-4.4%). On the flip side, buying interest in ACCESSCORP (+1.9%), ZENITH (+0.8%), and CUTIX (+6.8%) drove the Banking and Industrial Goods indices higher by 0.5% and 4bps respectively.
Investor sentiment, as measured by market breadth, weakened to -0.09x (previously: 0.00x) as 11 stocks advanced, 18 declined while 75 closed flat. In the next trading session, we anticipate a bearish outing due to weakened investor sentiment.
Market Cap (₦’bn) 24,112.37
Market Cap ($’bn) 54.40
NGX All-Share Index 44,269.43
Daily Performance % 0.00
WTD Performance % 0.00
MTD Performance % 1.00
QTD Performance % -9.70
YTD Performance % 3.60
Daily Volume 103.30
Daily Value (₦’bn) 2.10
Daily Value ($’m) 4.80
Sectoral Indices Performance
NGX 30 0.10
NGX BANKING INDEX 0.50
NGX INSURANCE INDEX -0.80
NGX CONSUMER GOODS INDEX 0.00
NGX OIL/GAS -0.70
NGX LII 0.00
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.00
