Today, the domestic bourse commenced the week on a positive note, buoyed by gains in WAPCO (+2.5%), ETI (+5.3%), and ZENITH (+0.6%). Accordingly, the NGX-ASI rose 14bps to 47,394.53 points and YTD return strengthened to 11.0%. Also, market capitalisation gained ₦35.6bn to ₦25.5tn. Trading activity improved as volume and value traded rose 18.7% and 0.6% respectively to 300.8m units and ₦2.8bn.
Across sectors within our purview, performance was bullish as 4 indices gained, 1 lost while the AFR-ICT index closed flat. Leading the gainers, the Insurance index advanced 1.0% courtesy of buying interest in LINKASSURE (+10.0%) and AIICO (+1.5%). Similarly, the Banking and Consumer Goods indices ticked higher by 0.6% and 0.3% respectively due to price appreciation in ETI (+5.3%), ZENITH (+0.6%), and INTBREW (+4.6%). Also, gains in WAPCO (+2.5%) pushed the Industrial Goods higher by 0.2%. Conversely, the Oil & Gas index dipped 0.2% following selloffs in OANDO (-1.4%). Investor sentiment, as measured by market breadth, weakened to 0.1x from 1.1x in the prior session as 23 stocks advanced, 15 declined while 75 closed flat. In subsequent trading session, we expect the positive performance to linger on bargain hunting activities.
Trade Summary
Market Cap (₦’bn) 25,543.07
Market Cap ($’bn) 61.5
NGX All-Share Index 47,394.53
Daily Performance % 0.1%
WTD Performance % 0.1%
MTD Performance % 1.7%
QTD Performance % 11.0%
YTD Performance % 11.0%
Daily Volume 300.8
Daily Value (₦’bn) 2.8
Daily Value ($’m) 6.7
Sectoral Indices Performance
NGX 30 0.2%
NGX BANKING INDEX 0.6%
NGX INSURANCE INDEX 1.0%
NGX CONSUMER GOODS INDEX 0.3%
NGX OIL/GAS -0.2%
NGX LII 0.2%
NGX INDUSTRIAL GOODS INDEX 0.2%
NGX-AseM 0.7%
