Today, the domestic bourse sustained its negative performance as the benchmark index fell 4bps to 53,170.73 points due to sell pressure on ZENITH (-2.4%), GTCO (-0.9%), and NB (-1.1%). Consequently, YTD return moderated to 24.5% while market capitalisation shed ₦12.5bn to ₦28.7tn. Trading activity improved as volume and value traded rose 27.9% and 79.4% respectively to 318.4m units and ₦3.3bn.
Across sectors within our coverage, performance was bullish as 4 indices gained, 1 lost while the AFR- ICT index closed flat. The Insurance and Oil & Gas indices led advancers, up 1.5% and 0.5% respectively, driven by price uptick in CORNERST (+8.9%), MANSARD (+2.9%), and OANDO (+3.3%). Following, the Consumer and Industrial Goods indices rose 0.1% apiece due to buying interest in INTBREW (+4.2%), CADBURY (+2.1%), and WAPCO (+1.8%). Conversely, the Banking index declined 1.2% on account of selloffs in ZENITH (-2.4%) and UBA (-1.3%). Investor sentiment, as measured by market breadth, strengthened to -0.02x from -0.03x in the prior session as 15 stocks advanced, 17 declined while 84 closed flat. In the final trading session of the week, we expect the market to close negative in the absence of positive catalysts.
Market Cap (₦’bn) 28,664.90
Market Cap ($’bn) 68.3
NGX All-Share Index 53,170.73
Daily Performance % 0.0
WTD Performance % 0.5
MTD Performance % -0.9
QTD Performance % 13.2
YTD Performance % 24.5
Daily Volume 318.4
Daily Value (₦’bn) 3.3
Daily Value ($’m) 8.0
Sectoral Indices Performance
NGX 30 0.0
NGX BANKING INDEX -1.2
NGX INSURANCE INDEX 1.5
NGX CONSUMER GOODS INDEX 0.1
NGX OIL/GAS 0.5
NGX LII 0.0
NGX INDUSTRIAL GOODS INDEX 0.1
NGX-AseM 0.0
