Today, the domestic equities market closed positive due to buying interest in MTNN (+0.6%), TOTAL (+6.1%) and FBNH (+0.7%) as the benchmark index rose 4bps to 37,872.55 points. Consequently, YTD loss remained unchanged at -6.0% while market capitalisation increased by ₦7.9bn to ₦19.7tn. Trading activities was mixed as volume traded fell by 2bps to 197.2m units while value traded rose by 11.4% to ₦2.1bn. The most traded stocks by volume were UBA (35.9m units), ACCESS (28.6m units), and ZENITH (17.6m units) while ZENITH (₦424.7m), MTNN (₦332.9m), and GTCO (₦304.5m) led by value.
Across sectors under our coverage, performance was mixed as 2 indices gained, 2 lost while the Industrial and Consumer Goods indices closed flat. The Oil & Gas and AFR-ICT indices gained 0.6% and 0.4% respectively on the back of buying interest in TOTAL (+6.1%) and MTNN (+0.6%). Conversely, the Banking and Insurance indices dipped by 0.9% and 0.3% respectively due to sell pressure on ZENITH (-1.2%), ACCESS (-2.2%), and LINKASSURE (-5.4%).
Investors sentiment, as measured by market breadth (advance/decline ratio), strengthened to 1.5x from 1.2x recorded in the last trading session as 17 stocks gained while 11 stocks lost. CAPHOTEL (+10.0%), NCR (+9.9%), and UNITYBNK (+6.8%) led gainers while LINKASSURE (-5.4%), CORNERST (-5.4%) and OANDO (-4.1%) led decliners. In the next trading session, we anticipate a bullish performance on the domestic bourse driven by bargain hunting activities.
Market Statistics for Wednesday, 14th July 2021
| Market Cap (N’bn) | 19,732.1 |
| Market Cap (US$’bn) | 48.0 |
| NSE All-Share Index | 37,872.55 |
| Daily Performance % | 0.0 |
| WTD Performance % | (0.3) |
| MTD Performance % | (0.1) |
| QTD Performance % | (0.1) |
| YTD Performance % | (6.0) |
| Daily Volume (Million) | 197.2 |
| Daily Value (N’bn) | 2.1 |
| Daily Value (US$’m) | 5.2 |
Source: Afrinvest
