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Market Cap (N’bn) 6,432.66
Market Cap (US$’bn) 40.73
NSE All-Share Index 20,411.17
Daily Performance % 0.48
1 Week Performance % (1.03)
YTD Performance % (1.54)
Daily Volume (Million) 412.02
Daily Value (N’bn) 2.37
Daily Value (US$’m) 14.97
The market was upbeat as the NSE All-Share Index rallied with a 48bps gain. The bullish momentum on UBA continued as it bagged a further 5.0 per cent, closing with unsatisfied bids. Participants seeking to book profit could however curb future appreciation. Access Bank and Skye Bank also gained over 4.0 per cent apiece from recurring demand by institutional buyers.
On the flip side, Stanbic IBTC and Fidelity Bank lost marginal points, with sentiments skewed to the sell side for Fidelity Bank, a trend that could lead to more losses in coming sessions. Nigeria Breweries and Guinness both rallied from previous losses with gains of 1.6 per cent and 0.3 per cent respectively. NB could rally further in coming sessions as closing demand outweighed available offers. UACN booked the only gain in the conglomerates sector, as the sector was skewed to the sell side. A.G. Leventis and Unilever lost 4.3 per cent and 0.1 per cent respectively, while PZ Cussons closed relatively flat.
The NSE All-Share Index lost 103bps cumulatively this week. Bullish sentiments drove activities in the banking sector as Skye Bank and Access Bank, top favourites during the week, both recorded cumulative gains of 16.1 per cent and 15.2 per cent respectively. UBA also recovered mid-week to book a 4.4 per cent mark-up, while First Bank and GTBank recorded cumulative gains of 5.8 per cent and 3.7 per cent respectively, on the back of healthy demand. Bearish sentiments were the bane of Dangote Cement this week, as it caved in to supply pressure that shaved off 5.0 per cent from its price. Also heading south was Lafarge Wapco, with a 3.3 per cent cumulative loss. On the flip side, CCNN and Ashaka Cement recorded respective gains of 4.4 per cent and 0.9 per cent. In the petroleum marketing sector, robust demand during the week led to a 21.0 per cent cumulative gain in Eterna Oil, while Oando inched up by 4.9 per cent at the close of the week. Forte Oil and Total however shed 9.6 per cent and 9.8 per cent respectively.
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