Today, the domestic equities market recorded mild loss as the benchmark index dipped by 1bp to 47,102.64 points, driven by sell-pressure on SEPLAT (-5.9%), MTNN (-0.1%), and FCMB (-4.2%). As such, YTD return moderated to 10.3% while market capitalisation declined ₦3.6bn to ₦25.4tn. Trading activity varied as volume traded increased 12.4% to 357.7m units while value traded decreased 21.6% to ₦6.5bn.
Across sectors performance was bullish as 4 indices gained while 2 lost. The Insurance and Banking indices gained the most, up 54bps and 36bps respectively on price uptick in NEM (+1.5%), MBENEFIT (+3.7%), UBN (+2.5%), and ACCESS (+0.5%). In the same vein, the Consumer and Industrial Goods indices rose 22bps and 11bps respectively following price appreciation in DANGSUGAR (+1.7%), HONYFLOUR (+9.9%), and WAPCO (+1.5%). On the other hand, the Oil & Gas and AFR-ICT indices shed 308bps and 5bps respectively driven by price decline in SEPLAT ( – 5.9%), ETERNA (-1.9%), MTNN (-0.1%), and CWG (-9.8%).
Investor sentiment, as measured by market breadth, improved to 0.23x from -0.15x in the prior session as 32 stocks advanced, 17 declined while 65 closed flat. We expect the local bourse to close the week bullish on improved sentiment.
NGX ASI: 47,102.64 points
Previous ASI: 47,109.25 points
% Day Change: 0.01%
% Y-t-D: 10.27%
Market Cap (N): 25.39 trillion
Volume: 357,764,363
Value (N): 6.48 billion
Deals: 4,251
NGX Top ASI gainers
NNFM up +10.00% to close at N9.90
RTBRISCOE up +10.00% to close at N0.55
HONYFLOUR up +9.91% to close at N3.66
SCOA up +9.74% to close at N2.14
ACADEMY up +9.40% to close at N1.63
NGX Top ASI losers
CWG down – 9.76% to close at N1.11
CHAMPIONS down – 8.89% to close at N2.05
LASACO down – 7.08% to close at N1.05
SEPLAT down – 5.88% to close at N800.00
COURTVILLE down – 5.56% to close at N0.51
Top 3 by Volume
GTCO – 130,140,273
UCAP – 30,274,570
FIDELITY – 26,496,174
Top 3 by Value
GTCO – N3,415,788,188.25
MTNN – N776,558,819.70
SEPLAT – N671,364,970.70
Source: Afrinvest
