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 |
