In line with our projection yesterday, the local bourse closed on a bearish note following sell pressure on ZENITH (-0.5%), FBNH (-0.5%), and UBA (-0.7%). As such, the benchmark index shed 4bps to 49,691.17 points, YTD return moderated to 16.3% while market capitalisation declined ₦9.9bn to ₦26.8tn. Meanwhile, activity level diverged as volume traded fell 36.9% to 128.8m units while value traded gained 151.5% to ₦4.1bn.
Across sectors within our purview, performance was mixed as 3 indices lost, 1 gained while the Industrial Goods and AFR-ICT indices closed flat. The Banking and Oil & Gas indices declined 0.2% apiece, owing to sell pressure in on ZENITH (-0.5%), FBNH (-0.5%), and OANDO (-1.0%). Similarly, the Consumer Goods lost 0.1%, due to profit taking in HONYFLOUR (-5.4%), and PZ (-3.2%). On the flip side, the Insurance index was the sole gainer, up 0.9% driven by buy interest in AIICO (+1.9%), LASACO (+6.5%), and MANSARD (+0.5%).
Investor sentiment, as measured by market breadth, strengthened to -0.07x from -0.17x as 10 stocks advanced, 16 declined while 81 closed flat. Tomorrow, we expect profit- taking to be extended in the absence of any positive catalyst.
Market Cap (₦’bn) 26,801.81
Market Cap ($’bn) 62.60
NGX All-Share Index 49,691.17
Daily Performance % 0.00
WTD Performance % 0.10
MTD Performance % -1.30
QTD Performance % -4.10
YTD Performance % 16.30
Daily Volume 128.80
Daily Value (₦’bn) 4.10
Daily Value ($’m) 9.60
Sectoral Indices Performance
NGX 30 0.00
NGX BANKING INDEX -0.20
NGX INSURANCE INDEX 0.90
NGX CONSUMER GOODS INDEX -0.10
NGX OIL/GAS -0.20
NGX LII 0.00
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.0%
