Home Finance Stock market extends gains… ASI up 16bps

Stock market extends gains… ASI up 16bps

by Business News Report

Today, the All-Share Index rose 16bps to 40,829.15 points due to buying interest in FBNH (+3.1%), WAPCO (+1.5%), and UBA (+1.9%). Accordingly, YTD return strengthened to 1.4% while market capitalisation rose by ₦33.3bn to ₦21.3tn. Trading activity weakened as volume and value traded fell 15.3% and 13.6% respectively to 339.3m units and ₦3.0bn. The most traded stocks by volume were FBNH (132.0m units), FIDELITY (20.6m units), and WEMABANK (15.2m units) while FBNH (₦1.3bn), ZENITH (₦281.4m), and GTCO (₦202.3m) led by value.

Performance across the sectors under our coverage was mixed as 3 indices gained, 1 lost, while the AFR-ICT and Oil & Gas indices closed flat. The Banking index led the gainers, up 0.7% due to price appreciation in FBNH (+3.1%) and UBA (+1.9%). Similarly, the Consumer and Industrial Goods indices rose 0.1% apiece on the back of bargain hunting in INTBREW (+1.1%), VITAFOAM (+0.3%), and WAPCO (+1.5%). Meanwhile, the Insurance index declined 1.2% due to sell-offs in MANSARD (-5.2%), AIICO (-2.1%), and WAPIC (-2.1%).

Investor sentiment, as measured by market breadth (advance/decline ratio), strengthened to 1.2x from 0.9x as 23 stocks advanced while 20 stocks declined. UPL (+9.9%), PRESCO (+5.9%), and CHAMS (+4.8%) led the gainers while BOCGAS (-9.9%), CAVERTON (-9.7%), and MANSARD (-5.2%) led the losers. In the final trading session, we expect market to sustain its bullish run on improved sentiment.

Market Statistics for Thursday, 7th October 2021 

Market Cap (N’bn)21,275.4
Market Cap (US$’bn)51.8
NSE All-Share Index40,829.15
Daily Performance %0.2
WTD Performance %1.5
MTD Performance %1.5
QTD Performance %1.5
YTD Performance %1.4
Daily Volume (Million)339.3
Daily Value (N’bn)3.0
Daily Value (US$’m)7.3

Related Posts