Over the course of the year, some of the top performers include PZ (+86.07% y/y), GUINNESS (+77.69% y/y), AIRTELAFRI (+71.20% y/y), FIDELITYBK (+70.59% y/y) and SEPLAT (+69.23% y/y), while some of the laggards include HONYFLOUR (-31.18% y/y), NESTLE (-29.33% y/y), UNILEVER (-20.00% y/y), NB (-18.00% y/y) and GTCO (-11.54% y/y). In summary, the NGX Exchange finished the year, up 19.98% y/y – the third consecutive annual gain, while the market capitalization added ₦5.62trn y/y to close at ₦27.92trn.
NGX Sector Indices: Year to date, the performance of all sector indices under our coverage closed largely positive. NGX Oil and Gas was the best performer gaining 34.60%, followed by NGX Industrial (+19.67%), NGX Pension (+5.38%), NGX Banking (+5.84%) and NGX 30 (+5.38%) while NGX Consumer goods (-0.15%) and NGX Insurance (-12.34%) were the laggards. Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 5.06%. A total of 890.68m shares valued at ₦7.36bn were exchanged in 3,566 deals. SOVERENINS (+0.00%) led the volume chart with 523.93m units traded, while PRESCO (+10.00%) led the value chart in deals worth ₦1.61bn.
Market breadth closed negative at a 1.07-to-1 ratio with declining issues outnumbering advancing ones. FIDSON (-8.16%) led fifteen (15) others on the laggard’s table, while PRESCO (+10.00%) topped fourteen (14) others on the gainer’s log.
