Home Finance NGX records marginal gains,  ASI up 1bp

NGX records marginal gains,  ASI up 1bp

by Business News Report

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 OIL/GAS                                      -2.30

NGX LII                                                     0.00


 NGX-AseM 0.0%

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