Market Cap (N’bn) 7,259.70
Market Cap (US$’bn) 44.79
NSE All-Share Index 22,741.06
Daily Performance % 1.10
1 Week Performance % 2.85
YTD Performance % 9.70
Daily Volume (Million) 443.18
Daily Value (N’bn) 1.44
Daily Value (US$’m) 8.87
The NSE all share index inched up 110bps. As anticipated profit taking shaved off 3.8 per cent from UBA and 1.2 per cent from Diamond Bank, re-entries could however stem the slide next week. On the up-tick, Fidelity Bank, GTBank, Sterling Bank and Union Bank closed between gains of 1.3 per cent and 4.8 per cent respectively. Nigerian Breweries inched up slightly today as it remains a favourite of institutional investors, trading at an average of N109.64 and closing with demand that should support it at this level next week. Guinness however closed flat. In the building materials sector, bullish sentiments firmed up Dangote Cement and Lafarge Wapco, resulting in gains of 3.6 per cent and 1.2 per cent respectively. On the flip side, CCNN lost less than 1.0 per cent while Ashaka Cement recorded no change. The market closed on a positive note this week as the NSE All-Share Index advanced from 22,110.91 to 22,741.06, a 285bps cumulative increase.
During the week the first half year results announced by some banks, during the week, spurred buying sentiments, leading to cumulative gains of 8.3 per cent from Diamond Bank and 5.6 per cent from UBA; also on the up-tick this week were, Union Bank and Sterling Bank both, recording weekly gains of 22.1 per cent and 7.8 per cent respectively. This positive trend in the banking sector may continue next week, as other companies in the sector announce their half year numbers. Speculators seeking to book profit mid-week, trimmed off 2.3 per cent from Dangote Flour; Nestle, Honeywell Flour, Flour Mills and Cadbury also caved to bearish sentiments during the week, shedding between 0.6 per cent and 6.6 per cent at the close of the week. Dangote Sugar, NASCON and 7-up, were however divergent to the bearish sentiments in the sector, rallying with cumulative gains of 10.5 per cent, 2.2 per cent and 5.0 per cent respectively.
