Today, the local bourse recorded a mild gain of 3bps, due to buying interest in ACCESS (+2.2%), ZENITH (+0.4%), and PRESCO (+3.7%) as the All-Share index rose to 38,927.83 points. Consequently, YTD loss improved to -3.3% while market capitalisation rose by ₦5.1bn to ₦20.3tn. Trading activity declined as volume and value traded fell by 10.9% and 49.8% respectively to 206.3m units and ₦1.1bn. The most traded stocks by volume were STERLNBANK (51.8m units), TRANSCORP (19.2m units), and UBA (17.2m units) while UBA (₦129.8m), SEPLAT (₦100.3m), and GTCO (₦87.1m) led by value.
Performance across sectors under our coverage was mixed as 3 indices lost, 2 gained while the AFR-ICT index closed flat. The Oil & Gas index led the losers, down 0.6% due to sell-offs in OANDO (-3.4%) and ETERNA (-0.5%). Followed by the Insurance and Consumer Goods indices which fell by 18bps and 4bps respectively due to price depreciation in MBENEFIT (-2.7%), AIICO (-3.0%), and UNILEVER (-0.7%). On the flip side, the Banking and Industrial Goods indices advanced by 56bps and 4bps respectively on the back of bargain hunting in ACCESS (+2.2%), ZENITH (+0.4%), and WAPCO (+0.5%).
Investors sentiment, as measured by market breadth (advance/decline ratio), strengthened to 0.9x from 0.4x recorded in the last trading session as 16 stocks advanced while 18 stocks declined. CUTIX (+10.0%), VERITASKAP (+8.7%), and TRIPPLEG (+7.8%) led gainers while SOVRENINS (-7.1%), REGALINS (-6.7%), and UNITYBANK (-5.0%) led decliners. In the next trading session, we expect a positive performance in the market, as investors continue to engage in bargain hunting activities.
Market Statistics for Wednesday, 4th August 2021
| Market Cap (N’bn) | 20,282.0 |
| Market Cap (US$’bn) | 49.3 |
| NSE All-Share Index | 38,927.83 |
| Daily Performance % | 0.0 |
| WTD Performance % | 1.0 |
| MTD Performance % | 1.0 |
| QT Performance % | 2.7 |
| YTD Performance % | (3.3) |
| Daily Volume (Million) | 206.3 |
| Daily Value (N’bn) | 1.1 |
| Daily Value (US$’m) | 2.6 |
