Wednesday, July 2, 2025
26.6 C
Lagos

Market Statistics: Thursday, 7th February 2019

Market Cap (N’bn)                                      11,493.9
Market Cap (US$’bn) 37.5
NSE All-Share Index 31,433.49
Daily Performance %   2.0
1 Week Performance % 2.9
YTD Performance %      0.0
Daily Volume (Million) 436.6
Daily Value (N’bn) 5.9
Daily Value (US$’m) 19.2

Domestic Bourse Sustains Bullish Streak… ASI up 2.0%
In yesterday’s trading session, bargain hunting in bellwethers sustained the positive performance on the local bourse as the NSE All Share Index (ASI) improved 2.0% on the back of gains in GUARANTY (+9.5%), ZENITH (+7.2%) and DANGCEM (+1.2%).

Consequently, market capitalization improved to N11.7tn as investors’ wealth increased by N228.1bn and Ytd returns turned positive. Activity level also improved as volume and value traded both increased 21.8% a apiece 436.7m units and N5.9bn respectively.

Banking stocks led both the top traded stocks by volume and value as UBA (136.8m), ZENITH (63.4m) and ACCESS (44.4m) were the top traded stocks by volume, while ZENITH(N1.5bn), GUARANTY (N1.2bn) and UBA (N987.1m) were the top traded stocks by value.

Banking Sector Leads Positive Performance
All sectors under our coverage closed in the green led by the Banking index up 5.8% due to gains in bellwethers – GUARANTY (+9.5%) and ZENITH (7.2%).

The Consumer Goods and Industrial Goods indices followed, rising 3.4% and 1.5% respectively as prices of NESTLE (+0.7%),DANGSUGAR (+6.3%), DANGCEM (+1.2%) and WAPCO (+2.5%) appreciated. Furthermore, the Oil & Gas index reversed its bearish performance, up 0.8% – as FORTE (+10.0%) and OANDO (+1.0%) advanced. Lastly, the Insurance index improved by 0.5% driven by AIICO (+7.1%).

Significant Improvement in Investor Sentiment 
Investor sentiment as measured by market breadth (advance/decline ratio) improved to 1.9x from 1.1x recorded yesterday as 25 stocks appreciated while 12 stocks declined. FORTE (+10.0%), UNITY (+9.8%) and GUARANTY (+9.5%) were the top performers while the worst performing stocks were TRANSEXPR (-8.7%), ROYALEX (-7.1%) and LEARNAFRCA (-6.7%).

The strengthening sentiment in the market shows buying appetite of investors which we expect to persist in the near term. Investors are thus advised to cautiously take advantage of bargains in fundamentally sound stocks.

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

Stanbic IBTC Unveils Campaign Promote *909# USSD Code

Stanbic IBTC Bank, a member of the Standard Bank...

Is the CBN Pushing Nigerians Back into the Banking Halls? 

By Elvis Eromosele  Public institutions in Nigeria have a knack...

Fidelity Bank Partners NIYEEDEP to Empower 6m Youths

Leading financial institution, Fidelity Bank Plc, has announced its...

Razia Khan: ‘MPC Policy Met Our Monetary Expectation’

The Central Bank of Nigeria raises its monetary policy...

Telecom Sector Contributed N2.508Tr to Nigeria’s GDP in Q1 2023

The telecommunications and Information Services sector in Nigeria has...

Continental Re Group ED, Emeka Akwiwu, Others at IFRS 17 Roundtable in Lagos

L-R: Oracle MEA Official; Mr. Emeka Akwiwu, Group Executive...

COVID-19: How Nigeria Can Prevent More Deaths!

By Rich Lesser CEO Boston Consulting Group In Nigeria, many adults have...

Guinea Insurance Moves to Contain Spread of COVID-19

  Ademola Abidogun MD/CEO Guinea Insurance Plc The spread of COVID-19, commonly referred...
spot_img

Related Articles

Popular Categories

spot_imgspot_img