Home Finance NGX ASI index gained 1.4% to 50,626.04 points

NGX ASI index gained 1.4% to 50,626.04 points

by Business News Report

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

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