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|