Today, the local bourse gained marginally as buying interest in FBNH (+5.0%), ZENITH (+0.3%), and FIDELITY (+2.1%) pushed the benchmark index higher by 1bp to 49,445.31 points. Accordingly, YTD return improved to 15.8% (previously: 15.7%) while market capitalisation expanded ₦3.2bn to ₦26.7tn. In the same vein, activity level improved as volume and value traded rose 119.1% and 61.7% respectively to 147.6m units and ₦2.4bn.
Across sectors within our purview, performance was bearish as 4 indices lost, while 2 gained. The Oil & Gas and Consumer Goods indices fell 230bps and 5bps respectively, due to price decline in TOTAL (-10.0%), ARDORVA (-4.5%) and HONYFLOUR (-8.1%). Similarly, the AFR-ICT and Industrial Goods indices dipped 2bps and 1bp respectively following sell-offs in MTNN (-0.1%) and CUTIX (-7.0%). On the flip side, buy interest on FBNH (+5.0%), ZENITH (+0.3%), and LINKASSURE (+4.4%) drove the Banking and Insurance indices higher by 0.2% apiece.
Investor sentiment, as measured by market breadth, weakened to -0.04x (previously 0.00x) as 11 stocks gained, 14 lost while 72 closed flat. In tomorrow’s session, we expect profit-taking activities to weigh on market performance.
Market Cap (₦’bn) 26,670.38
Market Cap ($’bn) 61.20
NGX All-Share Index 49,445.31
Daily Performance % 0.00
WTD Performance % -0.10
MTD Performance % -0.80
QTD Performance % -4.60
YTD Performance % 15.80
Daily Volume 147.60
Daily Value (₦’bn) 2.4
Daily Value ($’m) 5.50
Sectoral Indices Performance
NGX 30 0.00
NGX BANKING INDEX 0.20
NGX INSURANCE INDEX 0.20
NGX CONSUMER GOODS INDEX 0.00
NGX OIL/GAS -2.30
NGX LII 0.00
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.0%
