Today, the NGX-ASI fell 0.4% to close at 51,586.50 points due to sell offs in BUAFOODS (-6.4%), FBNH (-5.6%), and INTBREW (-9.5%). As such, YTD return weakened to 20.8% (previously: 21.2%) while market capitalisation declined ₦110.5bn to ₦27.8tn. Meanwhile, volume traded rose 20.9% to 234.6m units while value traded dipped 8.9% to ₦2.6bn.
Across our coverage sectors, performance was mixed albeit negatively tilt as 3 indices lost, 1 gained while the Oil & Gas and AFR-ICT indices closed flat. The Consumer Goods index led laggards, down 0.6% due to sell pressure on BUAFOODS (-6.4%) and INTBREW (-9.5%). Similarly, the Banking and Insurance indices declined 0.5% apiece following losses in ZENITH (- 2.0%), FCMB (-6.4%), AIICO (-1.6%), and CHIPLC (-8.0%). On the flip side, the Industrial Goods index gained 1bp on the back of buying interest in WAPCO (+0.4%).
Investor sentiment, as measured by market breadth, strengthened to 0.10x from -0.02x as 23 stocks advanced, 16 declined while 69 closed flat. Tomorrow, we expect investors to cherry-pick affordable stocks with good fundamentals.
Trade Summary
Market Cap (₦’bn) 27,810.82
Market Cap ($’bn) 66.00
NGX All-Share Index 51,586.50
Daily Performance % -0.40
WTD Performance % -0.50
MTD Performance % QTD -0.40
Performance % -0.40
YTD Performance % 20.80
Daily Volume 234.60
Daily Value (₦’bn) 2.60
Daily Value ($’m) 6.10
Sectoral Indices Performance
NGX 30 -0.30
NGX BANKING INDEX -0.50
NGX INSURANCE INDEX -0.50
NGX CONSUMER GOODS INDEX -0.60
NGX OIL/GAS 0.00
NGX LII -0.50
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.00
