Today, the domestic equities market recorded the first gain of the week as the NGX-ASI rose 0.1% to 46,904.48 points due to buying interest in MTNN (+1.5%), ETI (+1.7%), and UBA (+1.0%). Accordingly, YTD return increased to 9.8% from 9.7% while market capitalisation advanced ₦33.1bn to ₦25.3tn. Activity level was mixed as volume traded declined 6.1% to 201.1m units while value traded rose 46.4% to ₦2.6bn.
Across sectors within our purview, performance was mixed as 3 indices lost while 3 gained. Leading the 6.3 gainers, the AFR-ICT index was up 0.7% on account of the price uptick in MTNN (+1.5%). Following, the Insurance and Oil & Gas indices advanced 0.6% and 0.3% respectively due to price appreciation in CORNERST (+10.0%), MBENEFIT (+4.2%), ARDOVA (+2.6%), and OANDO (+0.2%). Conversely, the Banking index led the laggards, down 0.6% on the back of losses in ZENITH (-2.2%) and JAIZBANK (-2.9%). Likewise, the Consumer and Industrial Goods indices fell 15bps and 3bps respectively due to sell pressure on CADBURY (-6.7%), PZ (-5.4%), WAPCO (-0.4%), and CUTIX (-2.2%).
Investor sentiment, as measured by market breadth, improved to -0.01x from -0.03x in the prior session as 16 stocks advanced, 17 declined while 74 closed flat.
Market Cap (₦’bn) 25,278.96
Market Cap ($’bn) 60.7
NGX All-Share Index 46,904.48
Daily Performance % 0.1%
WTD Performance % -0.1%
MTD Performance % -1.0%
QTD Performance % 9.8%
YTD Performance % 9.8%
Daily Volume 201.1
Daily Value (₦’bn) 2.6
Daily Value ($’m) 6.3
Sectoral Indices Performance
NGX 30 0.2%
NGX BANKING INDEX -0.6%
NGX INSURANCE INDEX 0.6%
NGX CONSUMER GOODS INDEX -0.2%
NGX OIL/GAS 0.3%
NGX LII 0.4%
NGX INDUSTRIAL GOODS INDEX 0.0%
