Stock market records loss, ASI down 0.1%

The domestic market closed in the red as losses in GEREGU, UNILEVER, and FBNH dragged the ASI lower by 10bps to 44,236.70 points. Accordingly, YTD return moderated to 3.6%, previously: 3.7%), while market capitalisation fell ₦25.2bn to ₦24.0tn. Meanwhile, activity level improved as volume and value traded rose 38.4% and 24.8% respectively to 215.1m units and ₦1.9bn. 

Across sectors, performance was mixed with a bearish tilt as 3 indices lost, 2 gained while the AFR-ICT index closed flat. Losses in OANDO (-5.9%), CORNERST (- 2.2%), WAPIC (-2.7%) dragged the Oil & Gas and Insurance indices down by 1.0% apiece. Likewise, the Consumer Goods index lost 0.2% due to price depreciation in UNILEVER (- 8.2%) and NB (-0.9%). On the other hand, the Banking and Industrial Goods indices advanced 0.1% and 1bp respectively, following buy interest in ACCESSCORP (+0.6%), UBA (+0.7%), and CUTIX (+4.8%).

Investor sentiment, as measured by market breadth, strengthened to -0.12x (previously: – 0.19x) as 12 stocks advanced, 20 declined while 68 closed flat. In the next trading session, we expect the bearish performance to be sustained in the absence of any positive catalyst.

Market Cap (₦’bn)                                               24,094.54

Market Cap ($’bn)                                                       54.40

NGX All-Share Index                                          44,236.70 

Daily Performance %                                                  -0.10

WTD Performance %                                                   0.70

MTD Performance %                                                   0.90

QTD Performance %                                                  -9.80             

YTD Performance %                                                   3.60

Daily Volume                                                           215.20

Daily Value (₦’bn)                                                      1.90               

Daily Value ($’m)                                                       4.30

Sectoral Indices Performance

NGX 30                                                                     -0.10                            

NGX BANKING INDEX                                          0.10                               

NGX INSURANCE INDEX                                    -1.00                           

NGX CONSUMER GOODS INDEX                      -0.20             

NGX OIL/GAS                                                        -1.00                                         

NGX LII                                                                    0.00

NGX INDUSTRIAL GOODS INDEX                     0.00            

NGX-AseM                                                               0.00