Today, the domestic equities market closed flattish as the benchmark index stood at 37,857.24 points while market capitalisation and YTD loss remain unchanged at ₦19.7tn and -6.0% respectively. This implies that at today’s trading shareholders neither gained or lost value of their investment. Trading activities was mixed as volume traded rose by 5.4% to 197.3m units while value traded fell by 33.5% to ₦1.9bn. The most traded stocks by volume were WEMABANK (37.2m units), GTCO (27.9m units), and FIDELITY (12.2m units) while GTCO (₦823.2m), ZENITH (₦158.2m), and SEPLAT (₦156.3m) led by value.
Across sectors under our coverage, performance was mixed as 2 indices gained, while 4 indices closed flat. The Banking and Consumer Goods indices gained 0.4% and 0.3% respectively on the back of buying interest in ACCESS (+1.1%), WEMABANK (+9.5%), and INTBREW (+6.0%). Conversely, the Oil & Gas, Insurance, Industrial Goods and AFR-ICT indices closed flat.
Investors sentiment, as measured by market breadth (advance/decline ratio), remained unchanged at 1.2x as 16 stocks gained while 13 stocks lost. NCR (+9.6%), WEMABANK (+9.5%), and FTNCOCOA (+8.3%) led gainers while IKEJAHOTEL (-9.1%), CUSTODIAN (-6.2%) and JAPAULGOLD (-5.7%) led decliners. In the next trading session, we expect the domestic bourse to extend bearish performance due to selling pressure in the market.
Market Statistics for Tuesday, 13th July 2021
|Market Cap (N’bn)||19,724.2|
|Market Cap (US$’bn)||48.0|
|NSE All-Share Index||37,857.24|
|Daily Performance %||0.0|
|WTD Performance %||(0.4)|
|MTD Performance %||(0.1)|
|QTD Performance %||(0.1)|
|YTD Performance %||(6.0)|
|Daily Volume (Million)||197.3|
|Daily Value (N’bn)||1.9|
|Daily Value (US$’m)||4.7|