Sunday, September 28, 2025
27.2 C
Lagos

Stock Market Statistics: Tuesday, 3rd January, 2017

Market Cap (N’bn)                9,158.2
Market Cap (US$’bn)                     30.0
NSE All-Share Index             26,616.89
Daily Performance %                   (1.0)
Week Performance %             (0.3)
YTD Performance %                     (1.0)
Daily Volume (Million)                  106.4
Daily Value (N’bn)                       1.2
Daily Value (US$’m)                     4.1

Equities Kick-Start the Year Bearish… NSE ASI Down 96bps
The Nigerian Equities market got off to a negative start as the All Share Index (ASI) lost 96bps to close at 26,616.89 points.

Accordingly, market capitalisation contracted by N88.7bn to settle at N9.2tn. Today’s performance was dragged by losses in NIGERIAN BREWERIES (-4.1%), GUARANTY (-2.8%) and ZENITH (-2.4%). However, activity level was mixed as volume traded marginally rose 0.1% to settle at 106.4m units while value traded declined by 20.5% to close at N1.2bn.

Insurance Index Sole Gainer Amidst Sell-offs Across Sectors
Sector performance was largely bearish as all indices closed lower but for the Insurance index which advanced 30bps on the back of gains in WAPIC (+4.0%) and MANSARD (+1.2%).

The Banking index tumbled 2.4% as investors booked profit in GUARANTY (-2.8%) and ZENITH (-2.4%). In the same vein, the Consumer Goods index closed 1.9% lower on account of losses in CADBURY(-5.0%) and NIGERIAN BREWERIES (-4.1%) while the Oil & Gas index fell 49bps due to profit taking in OANDO (-4.9%) and FORTE (-0.3%). Similarly, the Industrial Goods index lost 18bps as investors sold-off on CCNN (-5.0%) and BETAGLAS (-4.4%).

Sentiment Weakens on Profit-taking
Investor sentiment weakened today as market breadth retreated to 0.7x (from 1.4x on Friday) after 13 stocks advanced against 18 which declined.

The best performing stocks today were UAC-PROP (+5.0%), STANBIC (+4.9%) and WAPIC (+4.0%) while CCNN (-5.0%), ETI (-5.0%) and CADBURY (-5.0%) were the worst performers.

Given the uptrend witnessed in the Benchmark index towards the tail end of 2016, today’s negative close can be linked to profit-taking in counters which had previously appreciated.

We expect sentiment to remain weak in the interim as equities work off the breath-taking rally of the previous month.

Afrinvest Research

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Guinea Insurance Holds 67th AGM as Shareholders Approve Recapitalisation Plan

L-R:  Bernice Okosun – Non-Executive Director, Ijeoma Okoro – Non-Executive Director, Ademola Abidogun –...

NASENI Empowers 100 Ebonyi Youths on Modern Methods of Electrical Installation

Ebonyi Trainees: Trainees of NASENI Skill Acquisition Programme displaying their...

African Energy Stakeholders Plan Investment Partnerships

The Powering Africa: Summit will return for a fourth...

NAFDAC: NIVEA Black & White Roll-On Manufactured in Nigeria is Safe

Nigeria’s food and drugs regulatory body, the National Agency...

Sanwo-Olu, Mustapha Set for GOCOP 5th Annual Conference Oct 7

Governor Babajide Sanwo-Olu of Lagos State and Secretary to...

NAICOM Unveils Guidelines for Insurance Web Aggregators

The National Insurance Commission (NAICOM) has unveiled Operational Guidelines...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...
spot_img

Related Articles

Popular Categories

spot_imgspot_img