Home Stock Market Profit-Taking drags performance at stock market

Profit-Taking drags performance at stock market

by Business News Report

Today, the local bourse closed in the red as profit-taking in SEPLAT (-3.1%), NB (-2.0%), and DANGSUGAR (-1.3%) dragged the benchmark index down 2bps to 47,353.22 points. Consequently, YTD return moderated slightly to 10.9% while market capitalisation dipped ₦6.1bn to ₦25.5tn. Trading activity improved as volume and value traded rose 64.3% and 53.5% respectively to 239.7m units and ₦3.9bn.

Across sectors within our coverage, performance was mixed as 2 indices gained, 2 lost while the AFR- ICT and Industrial Goods indices closed flat. The Insurance and Banking indices inched higher by 10bps and 1bp respectively on the back of price appreciation in REGALINS (+2.6%), ZENITH (+0.2%), and FIDELITY (+1.7%). Conversely, the Oil & Gas and Consumer Goods indices declined 176bps and 45bps respectively driven by sell pressure on SEPLAT (-3.1%), NB (-2.0%), and DANGSUGAR (-1.3%). Investor sentiment, as measured by market breadth, weakened to 0.01x from 0.03x in the prior session as 18 stocks advanced, 17 declined while 71 closed flat. 

Trade Summary

Market Cap (₦’bn)                          25,520.81

Market Cap ($’bn)                           61.5

NGX All-Share Index                      47,353.22

Daily Performance %                      -0.02%

WTD Performance %                       -0.2%

MTD Performance %                        -0.1%

QTD Performance %                         10.9%             

YTD Performance %                         10.9%

Daily Volume                                      239.7

Daily Value (₦’bn)                                  3.9

Daily Value ($’m)                                    9.4

Sectoral Indices Performance                   0.0%

NGX 30                                                     0.0%

NGX BANKING INDEX                          0.1% 

NGX INSURANCE INDEX                    -0.5%

NGX CONSUMER GOODS INDEX      -1.8%

NGX OIL/GAS                                           0.1%

NGX LII                                                       0.0%

NGX INDUSTRIAL GOODS INDEX         0.0%

NGX-AseM                                                    0.1%

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