Equity trading activities on Lagos Customs street today closed positively, as investors cherry-pick on SEPLAT (+1.5%), MTNN (+1.2%), and ZENITH (+0.1%). As a result, the All-Share Index rose 15bps to 38,564.70 points, YTD loss improved to -4.2% while market capitalisation rose by ₦29.9bn to ₦20.1tn. Trading activity was mixed as volume traded rose 1.8% to 302.7m units, while value traded fell by 23.2% to settle at ₦2.8bn. The most traded stocks by volume were STERLING (37.5m units), ETI (27.4m units), and WEMABANK (27.1m units) while GUARANTY (₦745.3m), SEPLAT (₦506.8m), and ZENITH (₦228.6m) led by value.
Across sectors under our coverage, performance was mixed as 3 indices gained, while the other 3 lost. The Oil & Gas index led gainers, up 0.9% amid buy interest in SEPLAT (+1.5%). Likewise, the AFR-ICT and Consumer Goods indices rose by 0.7% and 0.2% respectively following price appreciation in MTNN (+1.2%), DANGSUGAR (+0.3%), and UNILEVER (+1.9%). Conversely, the Insurance, Banking, and Industrial Goods indices declined by 0.5%, 0.3%, and 3bps respectively due to sell-offs on CHIPLC (-9.5%), GUARANTY (-1.6%), and WAPCO (-0.1%).
Investor sentiment, as measured by market breadth (advance/decline ratio), strengthened to 1.3x from 0.7x recorded in the last trading session as 27 stocks advanced while 21 stocks declined. CORNERST (+10.0%), MORISON (+9.7%), and LEARNAFRICA (+6.5%) led gainers while ABBEYBDS (-9.5%), CHIPLC (-9.5%), and CWG (-7.3%) led decliners. We expect market sentiment to be a mix of bargain hunting and profit-taking in tomorrow’s trading session.
Market Statistics for Wednesday, 16th June 2021
|Market Cap (N’bn)||20,099.3|
|Market Cap (US$’bn)||48.9|
|NSE All-Share Index||38,564.70|
|Daily Performance %||0.1|
|WTD Performance %||(1.5)|
|MTD Performance %||0.3|
|QTD Performance %||(1.2)|
|YTD Performance %||(4.2)|
|Daily Volume (Million)||302.7|
|Daily Value (N’bn)||2.8|
|Daily Value (US$’m)||6.8|