Today, the local bourse ended on a bullish note following price appreciation in MTNN (+7.5%), NESTLE (+3.0%), and ZENITH (+1.9%). As such, the NGX ASI index gained 1.4% to 50,626.04 points, YTD return improved to 18.5% (previously: 16.9%) while market capitalisation gained ₦364.4bn to ₦27.3tn. Activity level diverged as volume fell 26.6% to 129.2m unitswhile value traded increased 26.0% to ₦2.9bn.
Across sectors within our purview, performance was bullish as 4 indices gained, 1 lost while the Oil & Gasindex closed flat. The AFR-ICT and Consumer Goodsindicesgained 2.7% and 1.1% respectively, due to buy interest in MTNN (+7.5%), NESTLE (+3.0%), and INTBREW (+2.0%). Similarly, the Banking and Industrial Goods indices 0.6% and 2bps respectively, on account of price uptick in ZENITH (+1.9%), JAIZBANK (+9.5%), WAPCO (+0.2%), and CUTIX (+5.5%). On the flip side, sell pressure on WAPIC (-9.8%) and LINKASSURE (-2.0%) drove the Insurance index lower by 4bps.
Investor sentiment, as measured by market breadth, strengthened to 0.16x from 0.08x as 21 stocks advanced, 9 declined while 77 closed flat. Tomorrow, we expect the bullish performance to be sustained on the back of bargain hunting activities.
Market Cap (₦’bn) 27,300.58
Market Cap ($’bn) 64.10
NGX All-Share Index 50,626.04
Daily Performance % 1.40
WTD Performance % 0.50
MTD Performance % 0.50
QTD Performance % -2.30
YTD Performance % 18.50
Daily Volume 129.20
Daily Value (₦’bn) 2.90
Daily Value ($’m) 6.70
Sectoral Indices Performance
NGX 30 1.50
NGX BANKING INDEX 0.60
NGX INSURANCE INDEX -0.04
NGX CONSUMER GOODS INDEX 1.10
NGX OIL/GAS 0.00
NGX LII 1.50
NGX INDUSTRIAL GOODS INDEX 0.02
NGX-AseM 0.00
