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Nigeria’s equities benchmark index closed south today by 0.12% to 41,099.15 points. Year to date return and market capitalization settled at 2.06%, and N21.49 trillion respectively. The market struggled to close in the positive territory as profit taking were seen on stocks across board.

 

A total volume of 1.12 billion units of shares, valued at N6.39billion exchanged hands in 7,404 deals. TRANSCORP (-9.38%) finished the most traded shares by volume, while GUARANTY (-0.15%) topped by value at N2.04billion.  



With 50 losers to 14 gainers, sectoral indices closed mostly negative. The NSE Insurance Index led the decliners with 6.70 per cent. The NSE Consumer Goods and Banking Indexes trailed distantly, down by -0.30% and -0.23% respectively. On the flip side, the NSE Industrial & Energy Indexes advanced marginally by +0.27 and +0.15 per cent respectively.

 

Sector Performances

  • NSE Insurance Index: Down 6.70%, on profit taking and sell-offs in MANSARD (-9.80%), WAPIC (-9.72%), AIICO (-9.43%) and MBENEFIT (-9.09%).
  • NSE Consumer Goods Index: Fell by 0.30%, due to price depreciation in CADBURY (-9.72%), FLOURMILL (-2.77%), and GUINNESS (-2.37%).
  • NSE Banking Index:  Shed 0.23%, as UBN (-2.68%), FCMB (-2.17%), and FIDELITY (1.46%) closed south.
  • NSE Industrial Index: Advanced by 0.27% as a result of the gain in WAPCO (+5.47%).
  • NSE Oil & Gas Index: Improved by 0.15% due to the price appreciation in ARDOVA (+3.54%).

 

MorganCapital Research

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