BusinessDay

NIGERIAN (NSE) MARKET ANALYSIS & VALUATION

  • UPDATED:
  • 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.

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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.

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Capital Market Sectorial Index

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MARKET COMMENTRY

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 Gainers

Top gainers

Top Losers

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. FIDELITYBKZENITHBANK and GTCO led the volume chart with 26.5mn units, 10.7mn units, and 8.2mn units respectively, while AIRTELAFRIZENITHBANK and GTCO led the value chart by ₦978.8mn, ₦215.4mn and ₦152.6mn accordingly.

Top Traded Volume

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. MBENEFITPHARMDEKO and TRANSCORP led the volume chart with 47.8mn units, 22.6mn units, and 8.9mn units respectively, while AIRTELAFRIMTNN and ZENITHBANK led the value chart by ₦573.5mn, ₦340.7mn and ₦122.2mn accordingly.

Top Traded value

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).

Capital Market Volume/Value Summary

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