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The Nigeria Equities market closed higher as reflected by the NSEASI benchmark index which advanced by 1.20% to 37,893.61 points. Year to date return and market capitalization settled at N19.80 trillion and 40.7%, respectively. The positive performance of the market today continues to be driven by buy interest in DANGCEM which notched higher by 6.34% to N245.00. 


A total volume of 442.2 million units of shares, valued at N10.2billion exchanged hands in 4,948 deals. The most traded stocks by volume were ZENITHBANK (59 million units), MANSARD (39.3 million units) and GUARANTY (38.2 million units) while ZENITHBANK (N1.44 billion) and GUARANTY (1.26 billion) topped the value chart.

The equities market breadth was inverse of the broad index with 22 decliners against 15 advancers. REDSTAREX (-9.62%) led the laggards today, while ETERNA (+10.00%) closed as top gainer.


Performance across our courage sectors was mixed with 2 advancers to 3 decliners. Leading the gainers are the NSE Industrial good with (+3.35%), while the lenders trailed distantly by (+0.06%).  On the flip side, the Insurance, Oil & Gas and Consumer goods indices fell marginally by (-0.45%), (-0.33%) and (-0.24%) respectively.


Sector performances

NSE Industrial Index: Up by +3.35%, on price appreciation in DANGEM (+6.34%).

NSE Banking Index: Improved marginally by +0.06%, due to gains in UBA (+2.44%), ACCESS (+1.18%), ZENITHBANK (+0.82%) and FCMB (+0.67%).

NSE Insurance Index: Down by -0.45%, on price decline in CHIPLC (-10.00%) and MANSARD (-0.99%).

NSE Oil & Gas Index: Fell by -0.33%, due to sell-offs in OANDO (-2.90%).

NSE Consumer Goods Index: Dipped by -0.24%, due to losses sustained in INTBREW(-3.28%), UNILEVER (-0.36%) and DANGSUGAR (-0.28%).

MorganCapital Research

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