twitterTweet this! Post to your twitter status
Nigeria Daily Market Report | Positive Sentiment in Equities... ASI up 0.1%
(Source: Afrinvest Research , Date: 14-Apr-2021)

Would you like quick access to the latest investment opportunities, market updates, recommendations, reports, etc?  We've created a Telegram channel for you! Please click on this link. And don't worry, updates are strictly related to investment & your contact details are private!

 

 

Dear Afrinvestor, 

Market Statistics for Wednesday, 14th April 2021 

Market Cap (N'bn)

20,220.1

Market Cap (US$'bn)

52.4

NSE All-Share Index

38,636.15

Daily Performance %

0.1

WTD Performance %

(0.6)

MTD Performance %

(1.0)

QTD Performance %

(1.0)

YTD Performance %

(4.1)

Daily Volume (Million)

278.0

Daily Value (N'bn)

2.3

Daily Value (US$'m)

5.9


Positive Sentiment in Equities... ASI up 0.1%
Buying interest in MTNN (+0.6%), FBNH (+2.0%) and GUINNESS (+10.0%) buoyed gains in equities today as the benchmark index rose 9bps to 38,636.15 points. Consequently, YTD loss improved to -4.1% and market capitalisation increased by ₦18.0bn to settle at ₦20.2tn. Trading activity varied as volume rose 33.2% to 278.0m units and value traded declined 21.9% to ₦2.3bn. The most traded stocks by volume were JAPAULGO (46.2m units), UACN (32.6m units), and FIDELITY (28.5m units) while ZENITH (₦431.4m), UACN (₦311.5m), and GUARANTY (₦250.9m) led by value.

Bearish Sector Performance 
Across sectors that we cover, performance was bearish as 4 indices closed lower. The AFR-ICT and Consumer Goods indices gained 0.3% and 0.2% respectively due to price appreciation in MTNN (+0.6%), GUINNESS (+10.0%) and INTBREW (+0.9%). Conversely, the Insurance index led losers with a 2.2% decline on the back of profit-taking in NEM (-6.5%) and MANSARD (-2.1%). The Banking and Oil & Gas indices also declined by 20bps and 5bps respectively due to price declines in GUARANTY (-0.5%), STERLING (-8.3%) and OANDO (-0.7%). Price weakness in CUTIX (-9.8%) dragged the Industrial Goods index lower by 1bp.

Investor Sentiment Weakens
Investor sentiment, as measured by market breadth (advance/decline ratio), declined to 0.6x from 0.8x.recorded in the previous session as 14 stocks advanced against 22 decliners. GUINNESS (+10.0%), MEYER (+8.2%) and WEMABANK (+5.3%) were the top gainers while NNFM (-10.0%), FIDSON (-9.9%), and CUTIX (-9.8%) were the top decliners. Investor sentiment remains weak although, current stock prices are attractive for bargain hunting

 

To get the latest update on the Nigerian Capital Market and the Economy, kindly follow us on: Twitterhttp://cache.nebula.phx3.secureserver.net/obj/MjRDMDlFNjkzNUE2NzM3RTI2RTc6YWMzNzY1MzgwYTNiZGQ3ZGIxYjg4NjM2MGYzNmEwNzI6Ojo6 @Afr_Research

Best Regards,

Top News

View More News