• Latest News

    Saturday, January 30, 2021

    NSE Emerges Africa’s Best Performing Stock Exchange in January

    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%

    Please note that these were published as at market close and could be adjusted by the NSE.

    RMB Nigeria Stockbrokers

    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: NSE Emerges Africa’s Best Performing Stock Exchange in January Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top