Home Stock Market Nigerian Stock market reverses gain… ASI down 4bps

Nigerian Stock market reverses gain… ASI down 4bps

by Business News Report

The benchmark index reversed yesterday’s gain after declining 4bps to close at 39,305.48 points following losses in banking stocks – GUARANTY (-0.5%), ACCESS (-1.3%) and UBA (-1.3%). Consequently, YTD loss settled at -2.4% while market capitalisation fell ₦6.8bn to ₦20.6tn. Trading activity was weak as volume and value traded fell 23.4% and 13.9% to 252.6m units and ₦1.8bn respectively. The most traded stocks by volume were ACCESS (57.2m units), TRANSCORP (30.8m units) and FIDELITYBK (29.4m units) while GUARANTY (₦496.4m), ACCESS (₦410.1m) and ZENITH (₦328.0m) led by value.

Across sectors covered, performance was positive as 4 indicators gained, the AFR-ICT index closed flat and the Banking index lost 0.6% following price declines in GUARANTY (-0.5%) and ACCESS (-1.3%). The Insurance index led gainers, up 1.0% due to price appreciation in PRESTIGE (+9.5%) and MANSARD (+1.1%). Also, the Oil & Gas index advanced 0.2% following gains in ARDOVA (+5.5%) while the Consumer and Industrial Goods indices appreciated 3bps and 2bps respectively on the back of buying interest in CHAMPION (+7.5%) and WAPCO (+0.2%).

Investor sentiment, as measured by market breadth (advance/decline ratio), weakened to 1.4x from the 1.5x recorded in the previous session as 23 stocks advanced against 16 decliners. PRESTIGE (+9.5%), WEMABANK (+8.8%) and ROYALEX (+7.7%) were the top gainers while CHIPLC (-9.1%), UPL (-8.6%) and CHAMS (-4.5%) were the top decliners. We expect the market to rebound in the next trading session following expected positive earnings release

Market Statistics for Tuesday, 27th April 2021 

Market Cap (N’bn)20,570.4
Market Cap (US$’bn)53.3
NSE All-Share Index39,305.48
Daily Performance %0.0
WTD Performance %0.0
MTD Performance %0.7
QTD Performance %0.7
YTD Performance %(2.4)
Daily Volume (Million)252.6
Daily Value (N’bn)1.8
Daily Value (US$’m)4.6

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