Home Finance Stock market records loss, ASI down 0.1%

Stock market records loss, ASI down 0.1%

by Business News Report

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

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