At the close of trade, the equities market had a bearish outing as the NSE All-Share Index declined 23bps to close at 41,082.38 points following profit-taking in DANGCEM (-1.0%), FBNH (-3.9%) and FLOURMILL (-5.5%). As a result, the YTD return fell to 2.0% while market capitalisation declined by ₦39.6bn to settle at ₦21.5tn. Activity level was mixed as volume traded rose 10.8% to 738.5m units while value traded fell 34.8% to ₦4.2bn. The most traded stocks by volume were UNIVINSURE (51.8m units), TRANSCORP (43.1m units) and FBNH (39.8m units) while ZENITH (₦820.1m), GUARANTY (₦422.0m) and ACCESS (₦303.0m) topped by value.
Performance across sectors was mixed as 3 indices gained, 2 lost and one closed flat. The Insurance index maintained dominance, advancing 6.0% due to buying interest in MANSARD (+5.6%), AIICO (+10.0%) and WAPIC (+9.1%). Similarly, the Oil & Gas and Banking indices rose 2bps and 1bp respectively due to price uptick in OANDO (+0.3%), GUARANTY (+1.8%) and ETI (+0.8%). Conversely, the Consumer and Industrial Goods indices lost 0.6% and 0.4% respectively following losses in FLOURMILL (-5.5%), INTBREW (-2.2%) and DANGCEM (-1.0%). Lastly, the AFR-ICT index closed flat.
Investor sentiment as measured by market breadth (advance/decline ratio) weakened to 1.7x from the 3.4x recorded previously as 35 stocks advanced against 21 decliners. AFRINSURE (+10.0%), TRANSEXPR (+10.0%) and UNIVINSURE (+10.0%) were the best-performing tickers while FLOURMILL (-5.5%), WEMABANK (-5.3%) and NEIMETH (-4.8%) were the losers. In the next trading session, we expect to see investors take profit. However, we are optimistic that the market will close on a positive note this week.
Market Statistics for Monday, 18th January 2021
|Market Cap (N’bn)||21,490.7|
|Market Cap (US$’bn)||55.7|
|NSE All-Share Index||41,082.38|
|Daily Performance %||(0.2)|
|WTD Performance %||(0.2)|
|MTD Performance %||2.0|
|QTD Performance %||2.0|
|YTD Performance %||2.0|
|Daily Volume (Million)||738.5|
|Daily Value (N’bn)||4.2|
|Daily Value (US$’m)||10.8|