- UPDATED:
- DATA: Aggregated Company Financials
NIGERIAN (NSE) MARKET ANALYSIS & VALUATION
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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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.
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Top Losers
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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).
Capital Market Volume/Value Summary
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