Today, the local bourse closed positive on the back of buying interest in NESTLE (+2.9%), FBNH (+3.1%), and NB (+3.0%) as the NGX All-share index rose 0.3% to 47,287.09 points. Accordingly, YTD return advanced to 10.7% (previously 10.4%) while market capitalisation gained ₦71.5bn to ₦25.5tn. Trading activity was mixed as volume traded declined 55.4% to 336.3m units while value increased 61.1% to 336.3m units while value increased 61.1% to ₦5.9bn.
Across sectors performance was mixed as 3 indices gained, 2 lost while AFR-ICT closed flat. The Insurance and Consumer Goods indices inched higher by 3.5% and 2.1% respectively on the back of price appreciation in AIICO (+6.1%), NEM (+7.3%), NESTLE (+2.9%), and NB (+3.0%). Similarly, the Oil & Gas index rose 0.1% due to gains in OANDO (+0.8%). Conversely, the Banking and Industrial Goods indices dipped 4bps and 1bp respectively driven by sell pressure on ZENITH (-4.6%) and CUTIX (- 7.3%).
Investor sentiment, as measured by market breadth, strengthened to 0.27x from -0.21x in the prior session as 30 stocks advanced, 12 declined while 66 closed flat. Tomorrow, we expect the market to close in the red on the back of profit-taking.
Trade summary
Market Cap (₦’bn) 25,485.16
Market Cap ($’bn) 61.2
NGX All-Share Index 47,287.09
Daily Performance % 0.3%
WTD Performance % 0.0%
MTD Performance % -0.2%
QTD Performance % 10.7%
Daily Volume 336.3
Daily Value (₦’bn) 5.9
Daily Value ($’m) 14.1
Sectoral Indices Performance
NGX 30 0.6%
NGX BANKING INDEX 0.0%
NGX INSURANCE INDEX 3.5%
NGX CONSUMER GOODS INDEX 2.1%
NGX OIL/GAS 0.1%
NGX LII 0.9%
NGX INDUSTRIAL GOODS INDEX 0.0%
NGX-AseM 0.0%
