Wednesday, July 2, 2025
27.5 C
Lagos

Market Statistics: Thursday, 16th November 2017

Market Cap (N’bn)                12,750.3
Market Cap (US$’bn)                   41.7
NSE All-Share Index              36,634.89
Daily Performance % 0.0
Week Performance % (1.1)
YTD Performance %                  36.3
Daily Volume (Million)                  217.8
Daily Value (N’bn)                      11.7
Daily Value (US$’m)         38.3

Market Rebounds after a 2-Day Selloff… NSE ASI up 5bps
The equities market clawed back gains after a 2-day selloff as the All Share Index (ASI) rose by a marginal 5bps to close at 36,634.89 points while YTD return improved to 36.3%. As a result, market capitalization increased by N77.1bn to settle at N12.8tn.

Today’s market performance was bolstered by price appreciations in GUARANTY (+1.4%), INTBREW (+3.6%) and PZ (+5.0%). Likewise, activity level improved as volume traded advanced 18.2% to 217.8m units while value traded surged 252.1% to N11.7bn.

The surge in activity level is largely due to NIGERIAN BREWERIES which accounted for 31.4% and 81.1% of total volume and value traded respectively.

Insurance Index Leads Losers
Performance across sectors was mixed as 3 of 5 indices closed in the red. The insurance Index was the biggest loser, down 0.8% as LINKASSURE (-3.4%) and AIICO (-1.8%) recorded losses. Similarly, the Oil & Gas index fell 0.2% – largely on the back of price depreciation in SEPLAT (-1.0%).

Also, the Consumer Goods index shed 0.1% due to selling pressure in NIGERIAN BREWERIES (-0.6%) and DANGSUGAR (-2.1%). However, the Industrial Goods index closed the day flat.

Investor Sentiment Strengthens
Investor sentiment strengthened, albeit still negative, as market breadth (Advance/Decline ratio) rose from 0.6x the previous session to 0.7x today as 17 stocks advanced against 25 which declined. Top performers were BOCGAS (+9.9%), PZ (+5.0) and AGLEVENT (+4.7%) while CAVERTON (-9.0%), ETERNA (-5.8%) and UPL (-5.0%) led laggards.

The marginal rebound recorded today was in line with our expectation after the large selloffs in prior trading sessions. We expect the market to further claw back gains in tomorrow’s session on bargain hunting.

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Bank Nigeria PMI: Output Growth Slows but Business Confidence Rises Sharply

The Nigerian private sector remained in growth territory as...

NIA: Insurance Week Designed to Boost Industry Awareness in Nigeria

Mr. Kunle Ahmed Chairman Nigerian Insurers Association (NIA) The Nigerian Insurers Association...

NAICOM Chief: The Future of Nigeria Depends on How We Manage Risks

Keynote Address by Mr. Olusegun Ayo Omosehin, Commissioner for...

SEC Canvasses Advanced Financial Inclusion by 2030

The Securities and Exchange Commission (SEC) has stressed the...

NCDMB to Champion “Nigeria First” Policy in Oil and Gas Sector

The Nigerian Content Development and Monitoring Board (NCDMB) has...

Topics

Fidelity Bank Plc Donates Maternity Kits to Pregnant Women in Yaba, Lagos

Fidelity Bank Plc, a leading financial institution, has donated...

Sovereign Trust Insurance Pioneer Chairman, Ephraim Faloughi Bags Honorary Doctorate Degree

L-R: Bisola Asaju, AGM/Head, General Internal Services, Segun Bankole,...

100 Youths Begin NCDMB/ITF Vocational Training Program

Engineer Simbi Kesiye Wabote Executive Secretary Nigerian Content Development and Monitoring...

Iran’s Return Poses New Questions for Oil Price

Free of international sanctions, unfettered Iranian oil exports might...

DHL Renews Sponsorship of eCommerce Africa Conference 2019

DHL Express in Sub-Saharan Africa (SSA) has announced that the...

Qatar Airways, 5 Others Join IATA Travel Pass Program

The International Air Transport Association (IATA) announced that Etihad...

IMF Projects 3.9% Global GDP in 2018, 2019

The upturn in economic growth prospects for the global...

Linkage Assurance: N42bn Total Assets, N5bn Premium in Q1 2022

Underwriting firm, Linkage Assurance Plc has announced 16 percent...
spot_img

Related Articles

Popular Categories

spot_imgspot_img