The domestic equities market opened the week positive as the All-Share Index rose 71bps to 39,493.37 points due to buying interest in MTNN (+3.1%), GUARANTY (+4.3%), and WAPCO (+2.6%). YTD loss improved to -1.9% and investors gained ₦145.0bn as market capitalisation rose to ₦20.7tn. Trading activity advanced as volume and value surged 108.1% and 281.8% respectively to 522.2m units and ₦10.7bn. The most traded stocks by volume were GUARANTY (230.4m units), UBN (79.2m units), and WEMABANK (51.9m units) while GUARANTY (₦7.4bn), DANGCEM (₦1.0bn), and MTNN (₦455.6m) led by value.
Across sectors that we cover, performance was bullish as 4 indicators closed in the green. The Banking index led the gainers, up 2.1% due to buying interest in GUARANTY (+4.3%), ETI (+6.0%), and UBA (+1.5%). Similarly, the AFR-ICT and Insurance indices rose 1.5% and 0.6% respectively on account of price appreciation in MTNN (+3.1%), CUSTODIAN (+10.0%) and MANSARD (+2.0%). Gains in GUINNESS (+3.8%) and INTBREW (+0.9%) drove the Consumer Goods index up by 0.2%. On the flip side, sell-offs in OANDO (-6.1%) and DANGCEM (-0.4%) dragged the Oil & Gas and Industrial Goods indices lower by 0.5% and 0.1% respectively.
Investor sentiment, as measured by market breadth (advance/decline ratio), strengthened to 2.3x from the 1.5x recorded previously as 28 stocks gained against 12 decliners. COURTVILLE (+10.0%), CUSTODIAN (+10.0%) and LINKASSURE (+9.6%) were the top gainers while SOVRENINS (-8.3%), NPFMCRFBK (-7.2%) and PRESTIGE (-6.8%) were the top decliners. In subsequent trading sessions, we anticipate a mix of buying interest and profit-taking in the equities market.
Market Statistics for Monday, 29th March 2021
|Market Cap (N’bn)||20,663.1|
|Market Cap (US$’bn)||53.5|
|NSE All-Share Index||39,493.37|
|Daily Performance %||0.7|
|WTD Performance %||0.7|
|MTD Performance %||(0.8)|
|QTD Performance %||(1.9)|
|YTD Performance %||(1.9)|
|Daily Volume (Million)||522.2|
|Daily Value (N’bn)||10.7|
|Daily Value (US$’m)||27.6|