Today, the domestic equities market’s performance was positive due to buying interest in DANGSUGAR (+4.2%), UBN (+3.7%), and FCMB (+8.1%) as the All-Share Index rose by 15bps to 37,640.75 points. Consequently, YTD loss improved to -6.5% while market capitalisation grew by ₦29.0bn to ₦19.6tn. Trading activity was mixed as volume traded rose by 32.1% to 216.0m units while value traded fell by 21.1% to ₦2.7bn. The most traded stocks by volume were FCMB (40.7m units), CUSTODIAN (15.8m units), and GTCO (13.4m units) while GTCO (₦401.1bn), SEPLAT (₦309.9m), and NIGERIAN BREWERIES (₦330.4m) led by value.
Across sectors under our coverage, performance was mixed as 3 indices gained, 2 indices remained unchanged while an index lost. The Insurance index led the gainers, up 2.2% following price appreciation in LINKASSURE (+10.0%), MBENEFIT (+7.5%), and AIICO (+1.0%). Similarly, the Banking and Consumer Goods indices rose by 25bps and 29bps respectively, largely attributed to buying interests in UBN (+3.7%), FBNH (+1.4%), CADBURY (+9.6%), and NIGERIAN BREWERIES (+0.3%). On the flip side, the Oil & Gas index shed 0.9% due to price depreciation in SEPLAT (-1.4%) and ETERNA (-1.3%). The Industrial Goods and AFR-ICT indices were unchanged today.
Investors sentiment, as measured by market breadth (advance/decline ratio), strengthened to 2.2x from 0.7x recorded in the last trading session as 28 stocks advanced while 13 stocks declined. IKEJAHOTEL (+10.0%), LINKASSURE (+10.0%), and CADBURY (+9.6%) led gainers while JAIZBANK (-5.2%), VERITASKAP (-4.0%), and UNITY (-3.6%) led decliners. In the coming trading session, we expect bargain hunting activities to sustain the positive performance.
Market Statistics for Tuesday, 29th June 2021
Market Cap (N’bn) | 19,621.5 |
Market Cap (US$’bn) | 47.7 |
NSE All-Share Index | 37,640.75 |
Daily Performance % | 0.2 |
WTD Performance % | 0.0 |
MTD Performance % | (2.1) |
QTD Performance % | (3.6) |
YTD Performance % | (6.5) |
Daily Volume (Million) | 216.0 |
Daily Value (N’bn) | 2.7 |
Daily Value (US$’m) | 6.6 |
Source: Afrinvest