The domestic market closed in the red as losses in GEREGU, UNILEVER, and FBNH dragged the ASI lower by 10bps to 44,236.70 points. Accordingly, YTD return moderated to 3.6%, previously: 3.7%), while market capitalisation fell ₦25.2bn to ₦24.0tn. Meanwhile, activity level improved as volume and value traded rose 38.4% and 24.8% respectively to 215.1m units and ₦1.9bn.
Across sectors, performance was mixed with a bearish tilt as 3 indices lost, 2 gained while the AFR-ICT index closed flat. Losses in OANDO (-5.9%), CORNERST (- 2.2%), WAPIC (-2.7%) dragged the Oil & Gas and Insurance indices down by 1.0% apiece. Likewise, the Consumer Goods index lost 0.2% due to price depreciation in UNILEVER (- 8.2%) and NB (-0.9%). On the other hand, the Banking and Industrial Goods indices advanced 0.1% and 1bp respectively, following buy interest in ACCESSCORP (+0.6%), UBA (+0.7%), and CUTIX (+4.8%).
Investor sentiment, as measured by market breadth, strengthened to -0.12x (previously: – 0.19x) as 12 stocks advanced, 20 declined while 68 closed flat. In the next trading session, we expect the bearish performance to be sustained in the absence of any positive catalyst.
Market Cap (₦’bn) 24,094.54
Market Cap ($’bn) 54.40
NGX All-Share Index 44,236.70
Daily Performance % -0.10
WTD Performance % 0.70
MTD Performance % 0.90
QTD Performance % -9.80
YTD Performance % 3.60
Daily Volume 215.20
Daily Value (₦’bn) 1.90
Daily Value ($’m) 4.30
Sectoral Indices Performance
NGX 30 -0.10
NGX BANKING INDEX 0.10
NGX INSURANCE INDEX -1.00
NGX CONSUMER GOODS INDEX -0.20
NGX OIL/GAS -1.00
NGX LII 0.00
NGX INDUSTRIAL GOODS INDEX 0.00
NGX-AseM 0.00
