Today, the NGX-ASI fell 0.1% to 46,843.09 points due to sell-offs in INTBREW (-10.0%), STANBIC (- 2.3%), and ZENITH (-1.3%). Consequently, YTD return dropped to 9.7% (previously 9.8%) while investors lost ₦27.4bn as market capitalisation declined to ₦25.2tn. Trading activity waned as volume and value traded dipped 40.4% and 31.4% respectively to 214.3m units and ₦1.7bn.
Across sectors within our coverage, performance was bearish as 4 indices lost while the AFR-ICT and Industrial Goods indices closed flat. The Banking and Oil & Gas indices led the losers, down 1.0% and 0.5% respectively due to sell-offs in FIDELITY (-4.9%), ZENITH (-1.3%), OANDO (-3.8%), and ETERNA (- 0.2%). Similarly, the Consumer Goods and Insurance indices lost 0.3% apiece on the back of sell pressure on INTBREW (-10.0%), HONYFLOUR (-0.6%), AIICO (-1.5%), and VERITASKAP (-8.7%). Investor sentiment, as measured by market breadth, weakened to -0.03x from 0.00x in the prior session as 16 stocks advanced, 18 declined while 70 closed flat. Tomorrow, we anticipate extended profit-taking as investor sentiment remains weak.
Trade Summary
Market Cap (₦’bn) 25,245.88
Market Cap ($’bn) 60.7
NGX All-Share Index 46,843.09
Daily Performance % -0.1%
WTD Performance % -0.3%
MTD Performance % -1.2%
QTD Performance % 9.7%
YTD Performance % 9.7%
Daily Volume 214.3
Daily Value (₦’bn) 1.8
Daily Value ($’m) 4.3
Sectoral Indices Performance
NGX 30 -0.2%
NGX BANKING INDEX -1.0%
NGX INSURANCE INDEX -0.3%
NGX CONSUMER GOODS INDEX -0.3%
NGX OIL/GAS -0.5%
NGX LII 0.0%
NGX INDUSTRIAL GOODS INDEX 0.0%
NGX-AseM
