Home Finance Nigerian Stock Market sustains loss… ASI down 0.1%

Nigerian Stock Market sustains loss… ASI down 0.1%

by Business News Report

The domestic equities market sustained previous loss as the NSE All-Share Index fell marginally by 7bps to close at 41,051.63 points due to sell-offs in BUACEMENT (-1.1%), ACCESS (-3.7%), and UBA (-2.2%). As a result, the YTD return fell to 1.9% while market capitalisation declined by ₦16.1bn to settle at ₦21.5tn. Activity level was mixed as volume traded fell 28.9% to 525.0m units while value traded rose 27.9% to ₦5.3bn. The most traded stocks by volume were TRANSCORP (42.9m units), ZENITH (28.5m units), and BUACEMENT (25.7m units) while BUACEMENT (₦2.0bn), ZENITH (₦746.0m), and GUARANTY (₦348.8m) topped by value.

Performance across sectors was mixed as 3 indices lost, 2 gained and one closed flat. The Insurance index sustained gains, advancing 6.3% due to buying interest in AIICO (+9.9%), NEM (+10.0%) and WAPIC (+10.0%). Similarly, the Consumer Goods index rose 0.6% following price appreciation in NIGERIAN BREWERIES (+1.7%), FLOURMILL (+3.2%), and PZ (+3.9%). Conversely, the Banking and Oil & Gas indices fell 0.7% and 0.5% respectively on the back of losses in ACCESS (-3.7%), UBA (-2.2%), ARDOVA (-8.6%) and OANDO (-0.3%). Profit-taking in BUACEMENT (-1.1%) dragged the Industrial Goods index lower by 0.2%. Lastly, the AFR-ICT index closed flat.

Investor sentiment as measured by market breadth (advance/decline ratio) strengthened to 2.2x from the 1.7x recorded previously as 43 stocks advanced against 20 decliners. WAPIC (+10.0%), AFROMEDIA (+10.0%) and NEM (+10.0%) were the best-performing tickers while ARDOVA (-8.6%), HONYFLOUR (-8.3%) and FTNCOCOA (-8.3%) were the losers. Following two consecutive days of losses, we expect investors to take position in bellwethers

Market Statistics for Tuesday, 19th January 2021 

Market Cap (N’bn) 21,474.6
Market Cap (US$’bn) 55.6
NSE All-Share Index 41,051.63
Daily Performance % (0.1)
WTD Performance % (0.3)
MTD Performance % 1.9
QTD Performance % 1.9
YTD Performance % 1.9
Daily Volume (Million) 525.0
Daily Value (N’bn) 5.3
Daily Value (US$’m) 13.8

Related Posts