Market Cap (N’bn) 6,282.34
Market Cap (US$’bn) 38.91
NSE All-Share Index 19,963.37
Daily Performance % (0.02)
1 Week Performance % (0.79)
YTD Performance % (19.41)
Daily Volume (Million) 146.08
Daily Value (N’bn) 1.76
Daily Value (US$’m) 10.93
The NSE All-Share Index fell marginally by two basic points Friday. GTBank was able to hold the N14.20 level due to a resurgence of bid interest; however, at the close of the trading session, no single bid existed at that price level. For Zenith Bank, trades were more subtle in comparison to previous sessions; it declined by 43bps in value to close at N11.45. In the breweries sector, institutional bid interest lifted NB by 61bps to close at N92.00. Guinness also recorded the highest gains in absolute terms to close N205.01. In the petroleum sector, top spots on the absolute losers list were populated by Mobil and Conoil, shedding N7.05 and N1.75 to close at N133.95 and N33.25 respectively. The market remained predominantly bearish all through the week, shedding an additional 79bps to close at 19,963.37.
Volume trades, which were up by 33.3 per cent, was driven by the banks; notably Zenith Bank (206.7 million units), GTBank (145.3 million units) and First Bank (105.2 million units). Transaction values were also up by 39.7 per cent The likes of RT Briscoe, FCMB and Transcorp bore the brunt of the market’s bearish sentiments, shedding 13.4 per cent, 11.1 per cent and 9.5 per cent to close at N1.10, N3.78 and N0.57 respectively. Conversely, Law Union & Rock, Continental Re and NPF Microfinance Bank chalked up 11.5 per cent, 9.2 per cent and 8.1 per cent lifts in value. Market participants preferred stacking their bids at the lower or mid end of the price ladder in anticipation of getting orders filled at bargains, a trend that is more likely to continue into the following week.
