Home Stock Market NGX records marginal gain, ASI up 0.1%

NGX records marginal gain, ASI up 0.1%

by Business News Report

Today, the local bourse halted its 3-day bearish run as buying interest in UBN (+7.1%), WAPCO (+1.9%), and FIDELITYBK (+5.0%) pushed the benchmark index higher by 0.1% to 49,652.25 points. Accordingly, YTD return improved to 16.2% (previously: 16.1%) while market capitalisation expanded ₦28.3bn to ₦26.8tn. Activity level diverged as volume increased 25.6% to 161.9m units while value traded fell 2.5% to ₦1.6bn.

Across sectors within our purview, performance was bullish as 4 indices gained, 1 lost while the AFR-ICT index closed flat. The Banking and Insurance indices gained 1.1% and 0.8% respectively, due to buying interest in UBN (+7.1%), FIDELITYBK (+5.0%), AIICO (+3.7%), and CORNERST (+3.2%). Similarly, the Oil & Gas and Industrial Goods indices rose 0.4% and 0.2% respectively, on account of price uptick in ARDOVA (+8.9%), WAPCO (+1.9%), and CUTIX (+3.9%). On the flip side, sell pressure on VITAFOAM (-10.0%) and INTBREW (-1.0%) dragged the Consumer Goods index lower by0.1%.

Investor sentiment, as measured by market breadth, improved to 0.16x (previously: 0.00x) as20 stocksadvanced, 9 declined while 67 closed flat. In the final trading session, we expect the positive performance to persist following improved investor sentiment.

Market Cap (₦’bn)                                              26,781.53

Market Cap ($’bn)                                                      61.50

NGX All-Share Index                                         49,652.25

Daily Performance %                                                  0.10

WTD Performance %                                                -0.80

MTD Performance %                                                -0.40

QTD Performance %                                                -4.20                                              

YTD Performance %                                               16.20

Daily Volume                                                         161.90                    

Daily Value (₦’bn)                                                     1.60

Daily Value ($’m)                                                      3.70                                  

Sectoral Indices Performance

NGX 30                                                                     0.10                                

NGX BANKING INDEX                                         1.10                          

NGX INSURANCE INDEX                                    0.80     

NGX CONSUMER GOODS INDEX                    -0.10                   

NGX OIL/GAS                                                        0.40

NGX LII                                                                  0.10                                

NGX INDUSTRIAL GOODS INDEX                   0.20

NGX-AseM                                                             0.00              

Source: Afrinvest

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