Extending its gains, the NGX-ASI rose 0.7% to 47,205.03 points due to price appreciation in MTNN (+1.3%), ZENITH (+5.8%), and GTCO (+3.1%). Consequently, YTD return advanced to 10.5% (previously: 9.7%) while market capitalisation grew ₦181.7bn to ₦25.5tn. Trading activity rose as volume and value traded increased 9.3% and 19.8% respectively to 245.4m units and ₦4.6bn.
Across our coverage sectors, performance was bullish as all indices closed northward, save the Insurance index which shed 1.4% due to price decline in AIICO (-4.4%) and LINKASSURE (-7.6%). Leading the advancers, the Banking index was up 2.8% due to buying interest in ZENITH (+5.8%) and FCMB (+7.4%). Trailing, the Consumer Goods and Oil & Gas indices gained 1.9% and 1.7% respectively driven by gains in NB (+7.8%), DANGSUGAR (+7.7%), and SEPLAT (+2.6%). Also, buying interest in MTNN (+1.3%), WAPCO (+1.1%), and CAP (+10.0%) pulled the AFR-ICT and Industrial Goods indices up by 0.6% and 0.1% respectively.
Investor sentiment, as measured by market breadth, weakened to 0.21x from 0.30x in the prior session as 30 stocks advanced, 17 declined while 63 closed flat. We expect a modest decline in the NGX-ASI in the next trading session as investors take profit.
Market Cap (₦’bn) 25,448.71
Market Cap ($’bn) 61.0
NGX All-Share Index 47,205.03
Daily Performance % 0.7%
WTD Performance % 1.2%
MTD Performance % 0.5%
QTD Performance % 0.5%
YTD Performance % 10.5%
Daily Volume 245.4
Daily Value (₦’bn) 4.6
Daily Value ($’m) 11.0
Sectoral Indices Performance
NGX 30 1.0%
NGX BANKING INDEX 2.8%
NGX INSURANCE INDEX -1.4%
NGX CONSUMER GOODS INDEX NGX OIL/GAS 1.9%
NGX LII 1.7%
NGX INDUSTRIAL GOODS INDEX 0.7%
NGX-AseM 0.1%
