Today, the equities market trended north on the back of gains in bellwethers. Consequently, the All-Share index climbed 45bps to 29,591.29 points. Similarly, YTD return rose to 10.2% while market capitalisation advanced ₦68.5bn to ₦15.2tn. Activity level was mixed as volume traded fell 37.6% to 196.9m units while value traded rocketed 113.1% to ₦7.7bn. UBA (26.5m units), FCMB (23.4m units) and ACCESS (20.4m units) led the most traded stocks by volume while SEPLAT (₦5.3bn), MTNN (₦521.4m) and GUARANTY (₦513.7m) led by value.
Sector performance remained bullish as 4 of 6 sectors under our coverage recorded gains. The Industrial Goods (+1.9%) and Oil & Gas (+1.5%) indices led the bulls, on the back of price appreciation in DANGCEM (+1.2%), BUACEMENT (+2.2%), SEPLAT (+2.0%) and OANDO (+4.3%). Similarly, gains were recorded in the Consumer Goods (+0.4%) and Banking (+0.1%) indices, due to buying interest in UNILEVER (+8.0%), ACCESS (+2.5%) and STERLING (+3.2%). Conversely, price decline in WAPIC (-7.9%) drove the Insurance (-1.8%) index down.
Investor sentiment as measured by market breadth (advance/decline ratio) advanced to 1.0x from the 0.8x recorded in the previous session as 14 stocks advanced against 14 decliners. CAP (+10.0%), UNILEVER (+8.1%) and CHAMS (+6.5%) led the gainers while LINKASSURE (-8.3%), WAPIC (-4.5%) and HONEYFLOUR (-7.7%) led the losers. We expect gains in the market to persist in the next trading session, on the back of renewed buying interest.
DANGOTE SUGAR REFINERY PLC. wishes to notify the general public about the its closed period starting from today till 24 hours after the filing of the audited financial statement for FY:2019.
Market Statistics for Thursday, 23rd January 2020
| Market Cap (N’bn) | 15,242.3 |
| Market Cap (US$’bn) | 42.3 |
| NSE All-Share Index | 29,591.29 |
| Daily Performance % | 0.5 |
| WTD Performance % | (0.1) |
| MTD Performance % | 10.2 |
| QTD Performance % | 10.2 |
| YTD Performance % | 10.2 |
| Daily Volume (Million) | 196.9 |
| Daily Value (N’bn) | 7.7 |
| Daily Value (US$’m) | 21.4 |
Source:Afrinvest
