BusinessDay

NIGERIAN (NSE) MARKET ANALYSIS & VALUATION

  • UPDATED:
  • DATA: Aggregated Company Financials

The local bourse gained 0.3% as the NGX benchmark index closed at 49,189.32 points. Accordingly, the Year-to-date (YTD) return of the market strengthened to 15.2% from 14.8% the previous trading day.

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MARKET COMMENTRY

Top gainers in today’s trading session were led by MULTIVERSE, (+9.9%), FCMB (+8.0%) and UBN (+7.8%). However, ACADEMY (-10.0%), NEM (-8.9%) and NEIMETH (-8.3%) posted as today’s biggest losers.

For today’s trading session, the total volume and value traded declined by 29.5% and 73.2% respectively to 119.3mn unit and ₦854.8mn. COURTVILLE, FCMB, and ZENITHBANK led the volume chart with 24.4mn units, 20.0mn units and 8.9mn units respectively. On the other hand, ZENITHBANKMTNN, and FCMB led the value chart by ₦177.1mn, ₦75.6mn and ₦69.4mn respectively.

Top Gainers

Top gainers

Top Losers

Top Losers

Top Trade Value Chart

Across sectors under our coverage, performance was more bearish as three indices declined while two indices gained.
The Insurance index declined the highest by 261bps, followed by the Oil and Gas and Consumer Goods indices which declined by 34bps and 11bps respectively. We attribute their losses to selloffs in NEM (-8.9%), OANDO (-2.0%), and CHAMPION (-7.9%) respectively.

Top Traded Volume

Top Traded Volume

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Top Traded value

Total Market Summary

Also, the highest gainer was the Industrial Goods index which increased by 189bps, followed by the Banking index which gained 52bps. We attribute the gains to buyers’ interests in BUACEMENT (+5.4%) and FCMB (+8.0%) respectively,

Capital Market Volume/Value Summary

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