Market Cap (N’bn) 6,331.20
Market Cap (US$’bn) 39.03
NSE All-Share Index 20,025.94
Daily Performance % 1.00
1 Week Performance % 1.22
YTD Performance % (19.15)
Daily Volume (Million) 188.65
Daily Value (N’bn) 1.53
Daily Value (US$’m) 9.43
The Nigerian Stock Exchange All-Share Index gained 100 basis points today. The banking sector was on the upbeat as growing demand for Stanbic IBTC led to a 5.0 per cent gain; closing demand of over 8.0m units. First Bank also booked a 5.0 per cent gain, with buying pressure throughout the session clearing available offers. UBA consolidated on previous gains with a 4.9 per cent gain, while demand for Access Bank led to a 5.0 per cent mark-up. Crossed deals and a dearth of offers led to a 5.0 per cent gain for Guinness, closing with unsatisfied demand at the upper end of the market. Nigerian Breweries also recorded a 1.0 per cent gain, with current support at N97.01.
In the food and beverages sector, limited offers at the upper end of the market and crossed deals resulted in a 5.0 up-tick in Nestle. Dangote Sugar held steady at the lower N4.00 levels, closing at N4.02. On the flip side, Dangote Flour, Nascon, Cadbury and Flour Mills all caved in to selling pressure.
Weekly Trading Summary
The All-Share Index moved up by 122 basis points at the close of this week. Stanbic IBTC had a good run, with growing demand and weak supply leading to a five-day rally. It subsequently inched up with a 27.3 per cent cumulative gain at the close of the week. Similarly, Fidelity Bank and Access Bank finished the week with price appreciations of 8.2% and 8.1 per cent respectively. On the flip side, glutting offers continued to repress the price of Diamond Bank, as it lost over 16.0 per cent this week. Healthy demand for Unilever – the only company that was divergent from the bearish trend in the conglomerates sector – during the week led to a 4.7 per cent cumulative gain. On the contrary, UACN and PZ Cussons lost 2.0 per cent and 3.4 per cent respectively. Selling pressure was the bane of the petroleum marketing sector this week, leading to losses of over 4.8 per cent for MRS Oil, Conoil and Forte Oil. Eterna Oil and Oando also shed 9.5 per cent and 13.7 per cent respectively.
