Markets

Equities Rebound on Interest in Bellwethers

The Nigerian equities market rebounded from the negative performance recorded yesterday on renewed interest in bellwethers and reactions to positive earnings releases. Accordingly, the All Share Index improved 0.5% to settle at 25,753.00 points, paring YTD loss to 4.2%, while market capitalisation rose N45.7bn to N8.9tn. Price appreciation in GUARANTY (+2.3%), DANGCEM (+0.6%) and STANBIC (+6.8%) buoyed the benchmark index. Activity level further strengthened as volume and value traded rose 45.4% and 68.2% to 371.8m units and N2.8bn respectively.

Nigerian Bourse Bucks 2-day Rally on Sell Pressure

The Nigerian Bourse halted a 2-day rally today, as the benchmark index dipped 0.8% to close at 25,620.94 points, while YTD loss worsened to 4.7%. Similarly, market capitalization trimmed N68.5bn to settle at N8.9tn. The negative performance was majorly due to profit-taking in DANGCEM (-3.6%) which offset the broad rally across large and mid-cap stocks including STANBIC (+5.0%), GUARANTY (+0.6%) and OANDO (+6.1%). Ex-DANGCEM, the All Share index would have advanced 0.6%.

Bulls Regain Hold at the Exchange

The performance of the Nigerian Equities market was largely positive today as investors took position in market bellwethers – DANGCEM (+3.8%), NIGERIAN BREWERIES (+2.8%) and GUARANTY (+3.6%) - which lifted the benchmark index 2.2% to 25,747.05 points while YTD loss trimmed to 4.2%. Accordingly, investors gained N193.0bn as market capitalisation rose to N8.9tn. Similarly, activity level strengthened as volume and value traded rose 23.4% and 27.4% to 211.8m units and N1.4bn respectively.
 
Industrial Goods Index Surges 6.3%

Bearish Sentiment Drags Market Performance

Bearish sentiment in bellwethers dragged market performance on the Nigerian Stock Exchange today as the All Share Index (ASI) shed 17bps to close at 25,288.11 points while market capitalization also declined N17.0bn to close at N8.7tn. Today’s negative performance was largely as a result of the decline in DANGCEM (-0.6%) and ETI (-4.9%) which offset gains in NB (+0.8%), STANBIC (+2.6%) and SEPLAT (+1.3%). Similarly, activity level weakened as volume and value traded fell 36.3% and 41.3% to 147.9m units and N836.8m respectively in 2,578 deals (from 2,907 yesterday).

Stock Exchange Continues Seesaw Movement

The Nigerian Equities market recovered from a bearish start to the week as the All Share Index rose 0.5% today to close at 25,331.77 points. As a result, YTD loss moderated to 5.7% whilst market capitalization rose N43.1bn to settle at N8.8tn. Today’s positive performance was broadly driven by bargain hunting in bellwethers across Consumer Goods and Financial Services – NESTLE (+3.0%), GUARANTY (+1.3%) and FBNH (+7.7%). However, market activity weakened as volume and value traded fell 5.6% and 41.5% respectively to 232.3m units and N1.4bn in 2,907 deals.

Nigerian Bourse Opens Week Bearish

The Nigerian equities market ended the first trading session of the week in the red as the All Share Index dipped 1.1% to close at 25,218.12 points, whilst YTD loss worsened to 6.2%. As a result, market capitalization shed N104.8bn to close at N8.7tn. The drag in market performance was largely as a result of decline in DANGCEM (-2.4%), NESTLE (-2.9%), ETI (-5.0%), GUARANTY (-0.8%) and UBA (-2.8%). Market activity was however mixed as volume traded fell 29.5% while value traded rose 6.9% to 246.1m units and N2.4bn respectively in 2,854 deals.

Stock Market Closes Bullish Despite Mixed Performance

The equities market closed positive at the end of trade today as the All Share Index (ASI) added 5bps to close at 25,510.01 points. Consequently, market capitalisation advanced N4.6bn to settle at N8.8tn while YTD loss remained at 5.1%. STANBIC (+2.2%), WAPCO (+1.9%) and ZENITH (+1.3%) were the major drivers today. Also, market activity improved as volume and value traded rose 41.0% and 82.8% to settle at 349.3m units and N2.3bn respectively.

Mixed Performance

Equities Rebound on Account of Bargain Hunting

The Nigerian equities market bucked a 3-day losing streak as the All Share Index (ASI) added 7bps to close at 25,496.71 points. Also, market capitalization increased by N6.5bn to settle at N8.8tn while YTD loss pared to -5.1%. Today’s performance was mainly driven by gains in GUARANTY (+1.7%), NIGERIAN BREWERIES (+1.2%) and FBNH (+3.2%). On the contrary, market activity declined as volume and value traded fell by 38.5% and 35.2% to settle at 247.7m units and N1.2bn respectively.

Mixed Sector Performance

Equities Sink Further at the Exchange

The equities market extended losses to the 3rd consecutive session as the All Share Index (ASI) shed 58bps to close at 25,478.06 points while YTD loss inched higher to -5.2%. Consequently, investors lost N51.3bn as market capitalization settled at N8.8tn. Today’s market performance was dragged by MOBIL (-9.4%), DANGCEM (-0.4%) and GUARANTY (-1.4%). On the other hand, activity level spiked as volume and value traded rose 109.9% and 229.2% to settle at 402.7m units and N1.9bn.

Sector Indices Pullback

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