Home Finance Stock market dips marginally, investors lost N9.9bn

Stock market dips marginally, investors lost N9.9bn

by Business News Report

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%

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