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
