Market Cap (N’bn) 6,584.41
Market Cap (US$’bn) 40.92
NSE All-Share Index 20,892.66
Daily Performance % 0.46
1 Week Performance % 0.35
YTD Performance % 0.78
Daily Volume (Million) 302.95
Daily Value (N’bn) 2.60
Daily Value (US$’m) 16.15
The NSE All-Share Index closed on the up-tick with a 46bps gain. Sentiments for most top-tier banks remained bullish during proceedings, as demand for First Bank and GTBank firmed up prices by 2.6 per cent apiece. Selling pressure late in the session however curbed the appreciation in Zenith Bank to a 0.7 per cent gain, while UBA caved in to institutional sales with a 0.5 per cent loss. Possible re-entries next week could give support to current prices.
In the conglomerates sector, Transcorp and UACN inched up with marginal gains. A hold back on UACN offers could lead to further gains next week. On the flip side, Unilever and PZ Cussons lost 3.8 per cent and 2.2 per cent respectively. In the breweries sector, NB lost 1.0 per cent, with a downward review of prices by buyers, while Guinness recorded no price change. Closing bids and offers were fairly matched and prices might hover around current levels next week.
The NSE All-Share Index gained 35bps this week. Gains and losses were fairly matched in the banking sector as cautious re-entries during the week led to cumulative gains of 9.0%, 7.3 per cent, 5.8 per cent and 4.1 per cent for First Bank, Fidelity Bank, Access Bank and Diamond Bank respectively. On the flip side, selling pressure shaved off 9.9 per cent, 9.6 per cent, 7.1 per cent and 5.2 per cent from Stanbic IBTC, Union Bank, Unity Bank and UBA.
In the building materials sector, mid-week rallies did not reverse previous losses for Ashaka Cement leading to a 3.7 per cent loss. Profit taking also shaved off 10.4 per cent from CCNN, while Lafarge Wapco lost 2.5 per cent. Dangote Cement was however divergent to the trend, closing the week with a 1.7 per cent cumulative mark-up. The food and beverages sector also finished the week with fairly matched gains and losses. Honeywell Flour, Dangote Sugar, Nascon and Nestle all recorded gains of 8.4 per cent, 6.9 per cent, 3.7 per cent and 2.5 per cent, while Flour Mills, Dangote Flour and Cadbury lost 3.1 per cent, 9.6 per cent and 11.2 per cent respectively.
