Home Stock Market Muted outing in the Stock Market, ASI closes flattish

Muted outing in the Stock Market, ASI closes flattish

by Business News Report

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

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