Local bourse resumed the week with losses due to sell pressure in BUACEMENT (-4.7%), GUARANTY (-1.2%) and WAPCO (-1.2%) as the All-Share index fell 0.1% to 38,686.40 points. Consequently, YTD loss worsened to -3.9% while market capitalisation declined by ₦20.7bn to ₦20.2tn. Trading activity was mixed as volume traded rose by 5.9% to 210.8m units while value traded fell by 5.7% to ₦1.5bn. The most traded stocks by volume were FBNH (16.6m units), WAPIC (16.5m units), and CHAMS (16.2m units) while ZENITH (₦365.9m), SEPLAT (₦134.2m), and FBNH (₦121.0m) led by value.
Across sectors under our coverage, performance was bearish as 5 indices lost while 1 index gained. The Oil & Gas index was a lone gainer, up 0.3% due to buying interest in CONOIL (+9.6%) and ARDOVA (+2.7%). Conversely, the Insurance and Banking indices fell by 1.9% and 0.9% respectively, following price depreciation in AIICO (-2.6%), MANSARD (-1.1%), GUARANTY (-1.2%), and FCMB (-4.6%). Similarly, the Consumer and Industrial Goods indices declined by 9bps and 7bps respectively on the back of sell pressure in UNILEVER (-4.2%) and WAPCO (-1.2%). In the same vein, AFR-ICT index lost, down 1bp due to sell-offs in CWG (-9.8%).
Investor sentiment as measured by market breadth (advance/decline ratio), weakened to 0.5x from 1.2x in the last trading session as 13 stocks advanced while 28 stocks declined. MORISON (+9.7%), CONOIL (+9.6%) and VERITASKAP (+8.3%) led gainers while JULI (-9.9%), CWG (-9.8%), and JAPAULGO (-8.5%) led decliners. In the next trading session, we expect the domestic bourse to extend bearish performance in the absence of any positive catalyst.
Market Statistics for Monday, 7th June 2021
|Market Cap (N’bn)||20,164.3|
|Market Cap (US$’bn)||49.1|
|NSE All-Share Index||38,686.4|
|Daily Performance %||(0.1)|
|WTD Performance %||(0.1)|
|MTD Performance %||0.6|
|QTD Performance %||(0.9)|
|YTD Performance %||(3.9)|
|Daily Volume (Million)||210.8|
|Daily Value (N’bn)||1.5|
|Daily Value (US$’m)||3.6|