Market Cap (N’bn) 7,058.54
Market Cap (US$’bn) 43.90
NSE All-Share Index 22,110.91
Daily Performance % 0.28
1 Week Performance % 2.37
YTD Performance % 6.66
Daily Volume (Million) 161.59
Daily Value (N’bn) 1.48
Daily Value (US$’m) 9.23
The Nigerian Stock Exchange All-Share Index gained 28basis points. Top-tier banks remained relatively up-beat during the session as Zenith Bank, UBA and First Bank held steady at current levels and recorded gains of 1.3 pr cent, 1.2 per cent and 0.9 per cent respectively; mid-tier banks – Diamond Bank, Sterling Bank and FCMB however succumbed to supply pressure that trimmed off over 4.0 per cent from their prices with closing bearish sentiments.
The building materials sector was bearish today with CCNN and Ashaka Cement shedding 0.7 per cent and 2.7 per cent respectively; bids for Dangote Cement were also stacked at the lower end, though recording no change at the close of the session, due to a dearth of volumes. In the conglomerates sector, UACN and PZ Cussons lost 1.6 per cent and 4.3 per cent respectively. Offers for Unilever remained scarce, in spite of healthy demand subsequently closing flat. A.G Leventis recorded the lone gain in the sector as it rallied with a 4.2 per cent gain.
The market was resilient this week with sentiments skewed to the buy side. The NSE All-Share index subsequently moved from 21,599.57 last week to 22,110.91 with a 237bps lift. Companies in the banking sector had a strong outing this week with Access Bank and UBA both recording gains of 15.6 per cent and 12.0 per cent respectively as sentiments for both stocks remained bullish throughout the week. GTBank, Zenith Bank and First Bank also advanced with gains that ranged between 3.1 per cent and 6.7 per cent with fairly matched demand and supply during daily sessions.
In other sectors, Nestle was one of the top gainers this week, driven by demand from institutional investors as it rallied with a 11.6 per cent mark-up; also on the radar of institutional investors this week was NB, as it netted a 4.4 per cent cumulative gain. Acquisition of Dangote Flour by Tiger brands also spurred demand for Dangote Flour, as it closed the week at N6.55, a 20.2 per cent increase from last week.
