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Market Statistics Monday, 25th September 2017

Market Cap (N’bn)              12,188.9
Market Cap (US$’bn)                    39.9
NSE All-Share Index            35,361.52
Daily Performance %                    (0.4)
Week Performance %                     1.5
YTD Performance %                  31.6
Daily Volume (Million)                 107.1
Daily Value (N’bn)                      1.4
Daily Value (US$’m)                     4.5

Equities Open the Week Lower… NSE ASI down 0.4%
The Equities market opened the week on a negative note as the benchmark index contracted 0.4% to close at 35,361.52 points while the YTD gain retreated to 31.6%. Resultantly, investors lost N44.8bn as market capitalisation settled at N12.2tn.

The drag in today’s performance was majorly on account of losses recorded in NIGERIAN BREWERIES (-1.8%), UBA (-3.0%) and WAPCO (-2.9%). Similarly, activity level waned as volume and value traded plunged 44.3% and 62.8% to 107.1m units and N1.4bn respectively.

Industrial Goods Index Leads Sector Decliners
The Industrial Goods index led sector decliners with a 1.1% decrease owing to profit taking in WAPCO (-2.9%). The Consumer Goods index trailed with a loss of 0.8% as a result of declines in NIGERIAN BREWERIES (-1.8%) and NESTLE (-0.4%) while the Banking index fell 0.5% due to price deprecation in UBA (-3.0%) and GUARANTY (-0.3%). Contrarily, an uptick in TOTAL (+2.7%) buoyed the Oil & Gas index 0.3% northward while the Insurance index marginally climbed 0.1% on the back of gains in MANSARD (+0.5%).

Investor Sentiment Stays Positive
Market breadth, a measure of investor sentiment, retreated to 1.2x from 1.5x recorded on Friday after 19 stocks advanced against 16 decliners. The top performers were FIDSON (+5.0%), AIRSERVICE (+5.0%) and CUSTODYINS (+4.9%) while the worst performers were SKYEBANK (-3.6%), NEIMETH (-3.2%) and UBA (-3.0%). Despite the profit-taking which dragged the market, we expect performance to turn positive before the end of the week as investors take position ahead of Q3:2017 company scorecards releases.

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