After four consecutive positive sessions, the domestic bourse took a breather as WAPCO (-7.7%), DANGSUGAR (-7.7%), and INTBREW (-9.7%) pulled the index lower. Consequently, the NGX All-Share Index and market capitalisation fell 0.3% and ₦65.7bn respectively to 47,360.79 points and ₦25.5tn while YTD return pared to 10.9%. Trading activity faltered as volume and value traded declined 24.5% and 47.0% respectively to 280.0m units and ₦4.2bn.
Across our coverage sectors, performance was uneven as 3 indices lost, 2 gained while the AFR-ICT closed flat. The Banking and Consumer Goods indices dipped 1.3% apiece due to sell-offs in ETI (-3.5%), ACCESS (- 1.9%), DANGSUGAR (-7.7%), and INTBREW (-9.7%). Also, price decline in WAPCO (-7.7%) and CUTIX (-5.4%) dragged the Industrial Goods index lower by 0.5%. On the other hand, the Oil & Gas and Insurance indices rose 5.1% and 1.0% respectively on account of buying interest in SEPLAT (+9.3%), AIICO (+2.9%), and LINKASSURE (+2.0%). Investor sentiment, as measured by market breadth, weakened to -0.32x from -0.27x as 15 stocks gained, 34 stocks lost while 60 closed flat.
Trade Summary
Market Cap (₦’bn) 25,524.89
Market Cap ($’bn) 61.4
NGX All-Share Index 47,360.79
Daily Performance % -0.3%
WTD Performance % 0.1%
MTD Performance % 1.6%
QTD Performance % 10.9%
YTD Performance % 10.9%
Daily Volume 280.0
Sectoral Indices Performance
NGX 30 -0.4%
NGX BANKING INDEX -1.3%
NGX INSURANCE INDEX 1.0%
NGX CONSUMER GOODS INDEX -1.3%
NGX OIL/GAS 5.1%
NGX LII -0.5%
NGX INDUSTRIAL GOODS -0.5%
INDEX NGX-AseM 0.0%
