The domestic equities market closed today’s trading session flat as the benchmark index stood at 28,344.04 points while market capitalisation and YTD return remained unchanged at ₦14.8tn and 5.6% respectively. Activity level rose as average volume and value traded improved by 56.7% and 60.1% to 342.2m units and ₦5.0bn respectively. The most traded stocks by volume were UBA (92.9m units), ZENITH (67.2m units) and GUARANTY (67.2m units) while GUARANTY (₦1.8bn), ZENITH (₦1.4bn) and UBA (₦613.6m) led by value.
Performance across sectors was mixed as 2 of 6 indices under our coverage closed southwards, 2 gained while 2 closed flat. The Banking and Insurance indices were the underperformers, down 0.7% and 0.4% respectively following losses in ACCESS (-1.3%), GUARANTY (-1.7%) and AIICO (-3.6%). On the flip side, gains in GUINNESS (+3.0%), INTBREW (+3.2%) and WAPCO (+4.0%) buoyed the Consumer and Industrial Goods indices higher by 0.4% and 0.3% respectively. Lastly, the Oil & Gas and AFR-ICT indices closed flat.
Investor sentiment as measured by market breadth (advance/decline ratio) fell to 1.0x from the 1.3x recorded previously as 13 stocks gained against the 12 that declined. ETERNA (+9.8%), WAPCO (+7.4%) and GUINNESS (+5.8%) were top gainers while AIICO (-9.9%), GLAXOSMITH (-5.2%) and FIDSON (-4.8%) led the underperformers. We expect the local bourse to close the week in the negative territory.
Market Statistics for Thursday, 15th September 2020
| Market Cap (N’bn) | 14,815.0 |
| Market Cap (US$’bn) | 38.4 |
| NSE All-Share Index | 28,344.04 |
| Daily Performance % | 0.0 |
| WTD Performance % | (0.3) |
| MTD Performance % | 5.6 |
| QTD Performance % | 5.6 |
| YTD Performance % | 5.6 |
| Daily Volume (Million) | 342.2 |
| Daily Value (N’bn) | 5.0 |
| Daily Value (US$’m) | 13.1 |
Source: Afrinvest
