NGX market capitalisation rose ₦42.8bn

Today, the NGX-ASI gained 0.2% to close at 52,917.76 points on the back of buying interest in WAPCO (+9.9%), INTBREW (+9.6%), and PRESCO (+8.1%). Accordingly, YTD return improved to 23.9% (previously 23.7%) while market capitalisation rose ₦42.8bn to ₦28.5tn. Volume traded advanced 3.7% to 426.0m units while value declined 19.1% to ₦5.7bn.

Across our coverage sectors, performance was mixed as 3 indices gained while 3 lost. The Consumer Goods index led gainers, up 1.4% due to price uptick in INTBREW (+9.6%) and FLOURMILL (+4.8%). Trailing, the Industrial Goods and Oil & Gas indices rose 0.7% and 0.5% respectively on account of buying interest in WAPCO (+9.9%) and ARDOVA (+9.0%). Conversely, the Insurance index led losers, down 2.4% following price depreciation in LINKASSURE (-8.7%) and AIICO (-3.8%). Similarly, losses in ZENITH (-1.2%), ETI (-3.1%), and MTNN (-0.2%) dragged the Banking and AFR-ICT indices down by 0.9% and 0.1% respectively.

Investor sentiment, as measured by market breadth, weakened to 0.14x from 0.33x as 32 stocks gained, 23 lost while 64 closed flat. In the final trading session of the week, we anticipate the market would sustain gains on bargain hunting activities.

Market Cap (₦’bn)                                      28,528.48

Market Cap ($’bn)                                       68.3

NGX All-Share Index                                 52,917.76

Daily Performance %                                 0.2%

WTD Performance %                                 4.1% 

MTD Performance %                                 6.6%                             

QTD Performance %                                 12.7%

YTD Performance %                                 23.9%

Daily Volume                                            426.0

Daily Value (₦’bn)                                    5.7

Daily Value ($’m)                                    13.6

Sectoral Indices Performance

NGX 30                                                        0.5%

NGX BANKING INDEX                            

NGX INSURANCE INDEX                      -0.9%

NGX CONSUMER GOODS INDEX        -2.4%

NGX OIL/GAS                                            1.4%

NGX LII                                                      0.5%                                                     

NGX INDUSTRIAL GOODS INDEX       0.6%