The domestic bourse started the week in the red territory due to sell pressure on MTNN (- 0.5%), GTCO (-1.1%), and NIGERIAN BREWERIES (-1.1%). Consequently, the benchmark index shed 2bps to 47,428.67 points – halting its 3-day bullish run. Likewise, YTD return moderated to 11.0% (previously 11.1%) while market capitalisation decreased ₦4.8bn to ₦25.6tn. Meanwhile, trading activity improved as volume and value traded rose 11.0% and 12.7% respectively to 1.3bn units and ₦7.9bn.
Across our coverage, performance was bearish as 4 indices lost while the Banking and Industrial Goods indices gained 1.2% and 0.1% respectively due to buying interest in ETI (+7.3%), ACCESS (+1.0%), and WAPCO (+1.9%). Meanwhile, the Insurance and Consumer Goods indices led the laggards, down 1.9% and 0.4% respectively on price decline in AIICO (- 2.9%), MANSARD (-2.1%), INTBREW (-2.9%), and UNILEVER (-1.5%). Similarly, the Oil & Gas and AFR-ICT indices declined 0.3% and 0.2% respectively on the back of sell-offs in CONOIL (- 4.4%), ETERNA (-10.0%), MTNN (-0.5%), and CWG (-10.0%). Investor sentiment, as measured by market breadth, weakened to -0.04x from 0.02x in the previous session as 19 stocks advanced, 22 declined while 70 closed flat.
Trade Summary
Market Cap (₦’bn) 25,561.47
Market Cap ($’bn) 61.4
NGX All-Share Index 47,428.67
Daily Performance % 0.0%
WTD Performance % 0.0%
MTD Performance % 0.1%
QTD Performance % 11.0%
YTD Performance % 11.0%
Daily Volume 1,280.5
Daily Value (₦’bn) 7.9
Daily Value ($’m) 19.0
Sectoral Indices Performance
NGX 30 0.1%
NGX BANKING INDEX 1.1%
NGX INSURANCE INDEX -1.9%
NGX CONSUMER GOODS INDEX -0.4%
NGX OIL/GAS -0.3%
NGX LII -0.1%
NGX INDUSTRIAL GOODS INDEX 0.1%
NGX-AseM 0.0%
