Performance of the Nigerian Equities market was dragged by profit taking as the All Share Index (ASI) slid 34 basis points to 36,652.82 points while the year to date YTD, gain moderated to 36.4 per cent. Likewise, market capitalisation trimmed N42.6 billion to N12.6 trillion. Losses in NIGERIAN BREWERIES (-2.9%), UBA (-1.7%) and STANBIC (-2.3%) were the major drags to today’s performance. Similarly, activity level worsened as volume and value traded shrank 4.7 per cent and 43.6 per cent to 336.4 million units and N1.8 billion respectively.
Insurance index leads gainers
Sector performance was mixed as 3 of 5 indices closed higher. The Insurance index (+2.4%) led gainers on the back of renewed interest in MANSARD (+10.0%) and LINKASSURE (+6.7%) while the Oil & Gas index followed suit, advancing 0.6 per cent on account of price appreciation in SEPLAT (+1.6%). Similarly, the Industrial Goods index added 0.2 per cent following gains in CCNN (+9.2%). In contrast, price depreciation in NIGERIAN BREWERIES (-2.9%) dragged the Consumer Goods index 1.1 per cent lower while the Banking index lost 0.2% on the back of losses in UBA (-1.7%) and STANBIC (-2.3%).
Market breadth unchanged
Investor sentiment stayed positive today as market breadth remained unchanged from 1.1x recorded yesterday, as 19 stocks advanced against 18 decliners. The best performing stocks were MANSARD (+10.0%), CCNN (+9.2%) and LINKASSURE (+6.7%) while VITAFOAM (-5.0%), LAWUNION (-4.7%) and UPL (-4.7%) were the worst performing stocks. As indicated by the market breadth, we expect sentiment to stay strong in the interim as investors take position ahead of the release of 9M:2017 corporate earnings which are largely expected to be positive
Market Statistics Wednesday, 11th October 2017
Market Cap (N’bn) 12,616.5
Market Cap (US$’bn) 41.3
NSE All-Share Index 36,652.82
Daily Performance % (0.3)
Week Performance % 3.7
YTD Performance % 36.4
Daily Volume (Million) 336.4
Daily Value (N’bn) 1.8
Daily Value (US$’m) 6.0
