Domestic Stock market records marginal loss, ASI

Today, the NGX-ASI fell 2bps to close at 52,308.88 points, aided by losses in MTNN (-0.4%), UBN (-3.7%), and ACCESSCORP (-1.1%). Accordingly, market capitalisation shed ₦5.9bn to ₦28.2tn though YTD return remained unchanged at 22.5%. Market activity was mixed as volume traded rose 76.9% to 205.6m units while value traded declined 19.6% to ₦2.8bn.

Across Across our coverage sectors, performance was mixed as 3 indices gained while 3 also lost. The Insurance index led the advancers, up 0.9% driven by price uptick in AIICO (+3.3%) and CORNERST (+6.5%). Similarly, the Oil & Gas and Industrial Goods indices gained 0.8% and 0.2% respectively, on account of buy interest in OANDO (+5.0%) and WAPCO (+2.5%). Conversely, the Banking index fell 0.4% due to selloffs in UBN (-3.7%) and ACCESSCORP (-1.1%). Also, the AFR-ICT and Consumer Goods indices dipped 0.2% and 0.1% respectively due to price depreciation in MTNN (-0.4%), UNILEVER (-3.2%), and INTBREW (-1.7%).

Investor sentiment, as measured by market breadth, improved to 0.00x (previously: -0.09x) as 16 indices gained, 16 lost while 70 closed flat. Investors are expected to tread cautiously in the upcoming trading sessions following the 100bps hike in MPR by the CBN. 

Market Cap ($’bn)                                        28,208.10

NGX All-Share Index                                         66.7

Daily Performance %                                  52,308.88

WTD Performance %                                          0.20

MTD Performance %                                          0.90

QTD Performance %                                          0.90

YTD Performance %                                         22.50 

Daily Volume                                                  205.60                                                                              

Daily Value (₦’bn)                                              2.80

Daily Value ($’m)                                               6.60

Sectoral Indices Performance

NGX 30                                                              0.00                        

NGX BANKING INDEX                                 -0.40

NGX INSURANCE INDEX                             0.90

NGX CONSUMER GOODS INDEX            -0.10          

NGX OIL/GAS                                               0.80                       

NGX LII                                                         0.00

NGX INDUSTRIAL GOODS INDEX         0.20

NGX-AseM                                                   0.00