Market Statistics: Wednesday, 11th October 2017

Market Cap (N’bn)              12,616.5
Market Cap (US$’bn)                    41.3
NSE All-Share Index            36,652.82
Daily Performance % (0.3)
Week Performance % 3.7
YTD Performance %                  36.4
Daily Volume (Million)                 336.4
Daily Value (N’bn)                      1.8
Daily Value (US$’m)         6.0

 Profit Taking Drags Benchmark Index Lower… NSE ASI down 34bps
Performance of the Nigerian Equities market was dragged by profit taking as the All Share Index (ASI) slid 34bps to 36,652.82 points while the YTD gain moderated to 36.4%. Likewise, market capitalization trimmed N42.6bn to N12.6tn.

Losses in NIGERIANBREWERIES (-2.9%), UBA (-1.7%) and STANBIC (-2.3%) were the major drags to today’s performance. Similarly, activity level worsened as volume and value traded shrank 4.7% and 43.6% to 336.4m units and N1.8bn respectively.

Insurance Index Leads Gainers
Sector performance was mixed as 3 of 5 indices closed higher.  The Insurance index (+2.4%) led gainers on the back of renewed interest in MANSARD (+10.0%) and LINKASSURE (+6.7%) while the Oil & Gas index followed suit, advancing 0.6% on account of price appreciation in SEPLAT (+1.6%).

Similarly, the Industrial Goods index added 0.2% following gains in CCNN (+9.2%). In contrast, price depreciation in NIGERIAN BREWERIES (-2.9%) dragged the Consumer Goods index 1.1% lower while the Banking index lost 0.2% on the back of losses in UBA (-1.7%) and STANBIC (-2.3%).

Market Breadth Unchanged
Investor sentiment stayed positive today as market breadth remained unchanged from 1.1x recorded yesterday, as 19 stocks advanced against 18 decliners.

The best performing stocks were MANSARD (+10.0%), CCNN (+9.2%) and LINKASSURE (+6.7%) while VITAFOAM (-5.0%), LAWUNION (-4.7%) and UPL (-4.7%) were the worst performing stocks.

As indicated by the market breadth, we expect sentiment to stay strong in the interim as investors take position ahead of the release of 9M:2017 corporate earnings which are expected to be largely positive.

Hot this week

Ecobank Advances Youth Innovation as Top 20 InnovateX Finalists Emerge for N20m Prize Pool

Ecobank Nigeria has announced the Top 20 finalists for...

Ecobank Advances Youth Innovation as Top 20 InnovateX Finalists Emerge for N20m Prize Pool

Ecobank Nigeria has announced the Top 20 finalists for...

Stanbic IBTC Capital Wins Four Honours at 2026 AIHN Investment Banking Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

New Africa Fintech Audit Puts Disclosure, Dispute Handling in Focus

In Africa’s fast-evolving fintech market, growth and brand recognition...

RMB Nigeria Wins Merchant Bank of the Year for Eighth Time, Earns Deal Advisory Excellence Honour

L-R: Sector Head, TMT, Fintechs and Multinational Corporates (MNCs),...

Topics

Exploring the global trends in politics & their impact

Elementum nulla turpis cursus. Integer liberos kusto euismod aene pretium faucibus ...

USSD Charge: To Be or Not To Be?

By Elvis Eromosele Nigerians, like customers everywhere in the world,...

Cybercrime Growth Highlights Need for Short-Long-term ICT Education in SA

The Joburg Centre for Software Engineering’s (JCSE) seventh annual ICT...

NDIC, Others Harp on Banks, Fintech Collaboration Towards Nigeria’s $1trn Economy

For Nigeria to achieve the $1trillion Gross Domestic Product...

Agusto & Co. Upgrades Mutual Benefits to ‘A-’ on Strong Financial Performance

Agusto & Co. has upgraded the long-term credit rating...

MTN, NSE Finalising Deal on Listing

MTN Nigeria and the Nigerian Stock Exchange are currently...

Bloomberg Africa Business and Economic Summit Explores Growth

As shifting global economic conditions place further pressure on...