Another bottom left top right finish as the ASI ended the week, and month of January in green territory. The index kept a clean sheet all week, up +58bps on Friday, and +3.44% w/w. MTN +3.43% instrumental to Friday’s performance on sustained domestic demand, as the ticker recorded a new all-time high of N181.00. Equities ended the month +5.32% firmer. In USD terms (+7.10%), the NSE ranked 7th according to Bloomberg World Equities Index ranking.
Oil&Gas stocks finally halted the weeklong losing streak to finish higher, +0.63%. Ardova +8.57% and Oando +2.50% providing support. All other sectors were also finished in green, save for Industrials, with a marginal decline of -8bps.
Turnover this week stayed impressive, with a daily average of $14.53mn. On Friday, investors traded a total of $17.18mn. Zenith retained the top spot on the activity chat with $3.20mn traded. Other notable volumes were MTN $2.47mn; GTB $1.84mn and Wapco $1.56mn. Trading was skewed mostly towards domestic investors.
Oil&Gas: +0.63%... despite today’s rebound, the sector emerged biggest losers wee-on-week, giving up -7.25%. Nonetheless, today’s session witnessed rebound in Ardova N19.00 and Oando N3.28, both tickers adding +8.57% and +2.50%, respectively.
Bank: +0.52%.... a few setbacks during the week, but the sector emerged strongest week-on-week, up +3.33% amid earnings expectation. GTB rose +1.47% to close N34.50; ETI N6.50 bounced off intraday sell pressure to clinch a +1.56% rise. Stanbic pulled back however, -3.43% to end at N45.00
Consumers: +0.32%…. The sector finished the week with modest gains, up +1.28%. Demand in Dangsugar was strong, pushing the ticker higher +1.92% to N21.25. Poor earnings results pulled Guinness lower -1.04% to N19.00 and Cadbury also missed by -1.12% to close at N8.80.
See daily trade stats below:
Market Summary |
29-Jan-21 |
28-Jan-21 |
Chg. (%) |
|
|
|
|
NSE ASI* |
42,412.66 |
42,169.41 |
0.58% |
NSE Value traded (N'bn)* |
6.59 |
5.76 |
14.41% |
NSE Value traded ($'mn)* |
17.18 |
15.07 |
14.00% |
NSE Volume traded (mn)* |
669.87 |
555.52 |
20.58% |
Market Capitalization (N'bn)* |
22,186.53 |
22,059.29 |
0.58% |
Market Capitalization ($'bn)* |
57.84 |
57.70 |
0.24% |
|
|
|
|
Sub-Indices |
|
|
|
|
39 |
39 |
|
NSE 30 |
1,720.95 |
1,712.06 |
0.52% |
NSE ASEM |
729.87 |
729.87 |
0.00% |
NSEBNK |
424.04 |
421.86 |
0.52% |
NSECG |
1,304.74 |
1,295.23 |
0.73% |
NSECNSMRG |
613.69 |
611.75 |
0.32% |
NSEIND |
2,081.37 |
2,083.00 |
-0.08% |
NSEINS |
245.91 |
243.70 |
0.91% |
NSEOILG |
254.31 |
252.73 |
0.63% |
NSELOTUS |
2,947.10 |
2,916.45 |
1.05% |
NSEMAINB |
1,835.93 |
1,834.12 |
0.10% |
NSEPENSION |
1,492.60 |
1,488.91 |
0.25% |
NSEPREMIUM |
3,613.80 |
3,573.05 |
1.14% |
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