NIGERIAN (NSE) MARKET ANALYSIS & VALUATION
- DATA: Aggregated Company Financials
For close of the week, the domestic equity market closed in red declining by 109bps or 1.1% week-to-date (WTD). Sectors under our purview were more bearish as three indices closed in red and two closed in green WTD.
Market Valuation and Performance
Has the Nigerian Market valuation changed over the past few years?
WTD performance for indices under our purview indicates the Insurance index as the top loser, which declined by 240bps, closing the week with value traded at ₦6.4mn and volume traded amounting to 9.0mn units. This was followed by the Consumer Goods index which declined by 50bps, with volume and value traded closing at 5.3mn units and ₦74.8mn and the Oil and Gas index which declined by 20bps, with volume and value traded closing at 1.3mn units and ₦164.2mn respectively.
Top Stock Gainers and Losers
Which sectors have driven the changes within the Nigerian Market?
The Industrial Goods, Insurance and Banking indices declined by 480bps, 50bps and 20bps respectively, which were majorly attributed to investors’ selloffs in . However, the Consumer Goods index emerged as the sole gainer with 40bps, accredited to gain in
The top gainers in Friday’s trading session were led by REGALINS (+8.7%), SOVRENINS (+8.0%) and JAPAULGOLD (+7.4%), while PHARMDEKO (-9.8%), LINKASSURE (-9.3%) and WAPIC (-8.3%) emerged as Friday’s top losers.
Top Trade Value Chart
For Friday’s trading activities, the total volume traded and total value traded declined by 20.2% and 41.1% respectively to 95.0mn units and ₦1.9bn. FIDELITYBK, ZENITHBANK and GTCO led the volume chart with 26.5mn units, 10.7mn units, and 8.2mn units respectively, while AIRTELAFRI, ZENITHBANK and GTCO led the value chart by ₦978.8mn, ₦215.4mn and ₦152.6mn accordingly.
Top Traded Volume
For Friday’s trading activities, the total volume traded declined by 18.7% and total value traded gained 183.1% to 122.7mn units and ₦4.4bn respectively. MBENEFIT, PHARMDEKO and TRANSCORP led the volume chart with 47.8mn units, 22.6mn units, and 8.9mn units respectively, while AIRTELAFRI, MTNN and ZENITHBANK led the value chart by ₦573.5mn, ₦340.7mn and ₦122.2mn accordingly.
Total Market Summary
BusinessDay Research and Intelligence Unit (BRIU) findings show the opening and closing values of the following sectors under our purview; Banking index (378.89open – 3778.05close), Insurance index (160.04open – 159.32close), Consumer Goods index (567.73open – 569.98close), Oil and Gas index (484.03open – 484.03close), and Industrial Goods index (1,984.31open – 1,888.51close).