The domestic market resumed trading activities on a negative note today, following sell-offs on SEPLAT (-3.9%), GTCO (-0.3%), and MANSARD (-2.9%). As such, the benchmark index shed 10bps to 49,440.21 points, YTD return moderated to 15.7% (previously: 15.8%), while market capitalisation declined by ₦18.9bn to ₦26.6tn. Meanwhile, activity level varied as volume traded dipped 37.3% to 67.4m while value traded rose 29.1% to ₦1.5bn.
Across our coverage sectors, performance was mixed as 2 indices lost, 2 gained while the Industrial and AFR-ICT indices closed flat. The Banking and Consumer Goods indices appreciated 0.3% and 0.2% respectively due to price uptick in UBA (+2.1%), INTBREW (+3.1%), and HONYFLOUR (+3.4%). On the flip side, the Oil & Gas and Insurance indices closed in the negative region, down 1.9% and 0.2% respectively due to price decline in SEPLAT (-3.9%), MANSARD (-2.9%), and MBENEFIT(-6.9%).
Investor sentiment, as measured by market breadth, strengthened to 0.00x from – 0.2x as 11 stocks gained, 11 lost while 82 closed flat. In the next trading session, we expect profit-taking activities to weigh on market performance.
Market Cap (₦’bn) 26,667.16
Market Cap ($’bn) 61.20
NGX All-Share Index 49,440.21
Daily Performance % -0.10
WTD Performance % -0.10
MTD Performance % -0.80
QTD Performance % -4.60
YTD Performance % 15.70
Daily Volume 67.40
Daily Value (₦’bn) 1.50
Daily Value ($’m) 3.40
Sectoral Indices Performance
NGX 30 -0.10
NGX BANKING INDEX 0.30
NGX INSURANCE INDEX -0.20
NGX CONSUMER GOODS INDEX 0.20
NGX OIL/GAS -1.90
NGX LII 0.00
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.00
Source: Afrinvest
