The local bourse maintained a downtrend with the All-Share index declining 81bps to close at 39,114.73 points, following price declines in MTNN (-4.7%), DANGCEM (-2.5%), and FCMB (-5.8%). Consequently, YTD loss worsened to -2.9% while market capitalisation fell ₦167.1bn to ₦20.5tn. Trading activity improved as volume and value traded rose 15.4% and 37.4% to 403.5m units and ₦4.8bn respectively. The most traded stocks by volume were ACCESS (105.9m units), NEM (38.7m units) and FBNH (35.4m units) while ACCESS (₦844.2m), ZENITH (₦641.8m), and MTNN (₦547.5m) led by value.
Across sectors under our coverage, performance was bullish as 4 out 6 sector indices gained. The AFR-ICT and Industrial Goods indices declined 2.3% and 1.2% respectively on the back of sell-offs in MTNN (-4.7%) and DANGCEM (-2.5%). On the flip side, the Oil & Gas index led gainers as SEPLAT (+10.0%) and TOTAL (+4.5%) appreciated. Similarly, the Banking, Consumer Goods and Insurance indices gained 1.6%, 0.3%, and 0.2% respectively due to price appreciation in ZENITH (+3.1%), DANGSUGAR (+2.0%), and AIICO (+4.9%).
Investor sentiment as measured by market breadth (advance/decline ratio), strengthened to 1.3x from the 0.7x recorded in the previous session as 25 stocks advanced while 20 declined. COURTVILLE (+10.0%), CONOIL (+10.0%) and SEPLAT (+10.0%) were the top gainers, while BOCGAS (-10.0%), LIVESTOCK (-9.9%) and SCOA (-9.7%) top the decliners table. We expect the market to close in the red for the week.
Market Statistics for Thursday, 6th May 2021
|Market Cap (N’bn)||20,470.4|
|Market Cap (US$’bn)||53.0|
|NSE All-Share Index||39,114.73|
|Daily Performance %||(0.8)|
|WTD Performance %||(1.8)|
|MTD Performance %||(1.8)|
|QTD Performance %||0.2|
|YTD Performance %||(2.9)|
|Daily Volume (Million)||403.5|
|Daily Value (N’bn)||4.8|
|Daily Value (US$’m)||12.5|