The benchmark index reversed the previous session loss, gaining 1.8% to close at 39,461.20 points following price appreciation in DANGCEM (+7.8%), MTNN (+3.9%), and NIGERIAN BREWERIES (+1.9%). Consequently, YTD loss improved to -2.0% while market capitalisation rose ₦355.7bn to ₦20.7tn. Trading activity improved as volume and value traded rose 4.3% and 6.3% to 270.7m units and ₦2.0bn respectively. The most traded stocks by volume were FBNH (51.5m units), TRANSCORP (42.5m units) and EKOCORP (20.0m units) while FBNH (₦359.8m), DANGCEM (₦313.6m), and ZENITH (₦217.3m) led by value.
Across sectors under our coverage, performance was mixed as 3 indicators gained, 2 lost while the Oil & Gas index closed flat. The Industrial Goods index led the gainers, up 3.6% due to buying interest in DANGCEM (+7.8%). Also, the AFR-ICT and Insurance indices gained 1.9% and 1.4% respectively on the back of price appreciation in MTNN (+3.9%), AIICO (+5.7%), and LINKASSURE (+7.0%). Conversely, the Banking and Consumer Goods indices fell 1.4% and 0.2% respectively due to sell-offs in GUARANTY (-3.1%), FBNH (-6.1%), DANGSUGAR (-7.8%), and HONYFLOUR (-3.8%).
Investor sentiment, as measured by market breadth (advance/decline ratio), strengthened to 1.4x from the 0.9x recorded in the previous session as 24 stocks advanced while 17 declined. JBERGER (+10.0%), FIDSON (+10.0%) and EKOCORP (+9.3%) were the top gainers while CWG (-9.8%), MBENEFIT (-7.5%) and FBNH (-6.8%) were the top decliners. We expect the market to sustain the positive performance in the last trading session of the week.
Market Statistics for Thursday, 29th April 2021
|Market Cap (N’bn)||20,651.9|
|Market Cap (US$’bn)||53.5|
|NSE All-Share Index||39,461.20|
|Daily Performance %||1.8|
|WTD Performance %||0.4|
|MTD Performance %||1.1|
|QTD Performance %||1.1|
|YTD Performance %||(2.0)|
|Daily Volume (Million)||270.7|
|Daily Value (N’bn)||2.0|
|Daily Value (US$’m)||5.3|