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$’bn) | 51.8 |
| NSE All-Share Index | 40,829.15 |
| Daily Performance % | 0.2 |
| WTD Performance % | 1.5 |
| MTD Performance % | 1.5 |
| QTD Performance % | 1.5 |
| YTD Performance % | 1.4 |
| Daily Volume (Million) | 339.3 |
| Daily Value (N’bn) | 3.0 |
| Daily Value (US$’m) | 7.3 |
