The Stock market opened the trading week in red as profit-taking in ZENITH, ACCESSCORP, and INTBREW drove the NGX-ASI down 0.3% to close at 48,879.74 points. Accordingly, YTD return moderated to 14.4% while market capitalisation declined by ₦77.9bn to ₦26.4tn. Trading activity dampened with volume and value traded declining 51.4% and 36.1% respectively to 173.5m units and ₦2.4bn.
Across sectors, performance was bearish as 3 indices lost, 1 gained while the AFR-ICT and Industrial Goods indices closed flat. The Insurance index was the lone gainer, up 0.4% due to price uptick in AIICO (+5.8%) and WAPIC (+2.9%). Conversely, the Banking and Consumer Goods indices led the laggards, down 2.6% and 0.4% respectively on account of profit-taking in in ZENITH (-3.5%), ACCESSCORP (-5.6%), and INTBREW (-9.1%). Trailing, the Oil & Gas index dipped 0.3% following price depreciation in OANDO (-2.1%) and ETERNA (-0.3%).
Investor sentiment, as measured by market breadth, weakened to -0.13x from 0.11x as9 stocks gained, 21 lost while 90 closed flat. In the next trading session, we expect the bearish performance to persist on the back of weak investor sentiment.
Market Cap (₦’bn) 26,373.48
Market Cap ($’bn) 60.20
NGX All-Share Index 48,879.74
Daily Performance % -0.30
WTD Performance % -0.30
MTD Performance % -0.30
QTD Performance % -0.30
YTD Performance % 14.40
Daily Volume 173.50
Daily Value (₦’bn) 2.40
Daily Value ($’m) 5.50
Sectoral Indices Performance
NGX 30 -0.40
NGX BANKING INDEX -2.60
NGX INSURANCE INDEX 0.40
NGX CONSUMER GOODS INDEX -0.40
NGX OIL/GAS -0.30
NGX LII 0.00
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM -21.30
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