NGX All-Share Index (ASI) Overview
The NGX All-Share Index (ASI) closed at 105,367.25, reflecting a slight decline of -0.08% from the previous day. This small movement underscores a market that is consolidating after recent gains, as investors weigh their positions amidst economic and corporate earnings uncertainties.
- Volume Traded: 505,780,219 shares
- Year-to-Date Performance: +2.37%
- 1-Year Performance: +26.88%
The ASI remains a barometer of market activity and sentiment, providing insights into the health of listed equities on the NGX.
Sectoral Performances
Best Performing Sectors
- Health Technology
- Companies like Neimeth International Pharmaceuticals Plc recorded impressive gains, with a 9.96% increase in share price for the day.
- This sector benefits from ongoing investments in healthcare infrastructure and favorable regulatory support.
- Process Industries
- Major players such as Chemical and Allied Products Plc (CAP) surged by 10%, indicating strong demand for industrial products.
- Energy Minerals
- Boosted by positive commodity trends, this sector showed resilience, with a notable performance from companies like International Energy Insurance Co Plc.
Worst Performing Sectors
- Transportation
- Associated Bus Company Plc (ABCTRANS) dropped by -9.76%, reflecting operational challenges and economic pressures.
- Retail Trade
- Companies such as RT Briscoe saw declines of -9.73%, mirroring weaker consumer spending.
Key Market Indices
- NGX 30 Index
- Closing Value: 3,904.44
- Change: -0.10%
- This index tracks the top 30 companies by market capitalization and liquidity. Despite a minor dip, it reflects stability in blue-chip stocks.
- NGX Industrial Index
- Performance: +1.45%
- Boosted by gains in industrial giants such as Dangote Cement and BUA Cement.
- NGX Banking Index
- Performance: -0.65%
- A slight correction as profit-taking activities dominated.
Top 5 Performers
| Symbol | Description | Sector | Price (₦) | Daily % Change |
|---|---|---|---|---|
| CAP | Chemical and Allied Products Plc | Process Industries | 41.8 | 10.0 |
| NEIMETH | Neimeth International Pharmaceuticals Plc | Health Technology | 2.87 | 9.96 |
| LIVESTOCK | Livestock Feeds Plc | Process Industries | 5.55 | 9.90 |
| NSLTECH | Secure Electronic Technology Plc | Consumer Services | 0.89 | 9.88 |
| INTENEGINS | International Energy Insurance Co Plc | Finance | 2.21 | 8.33 |
Worst 5 Performers
| Symbol | Description | Sector | Price (₦) | Daily % Change |
|---|---|---|---|---|
| LASACO | LASACO Assurance Plc | Finance | 3.24 | -10.0 |
| NNFM | Northern Nigeria Flour Mills Plc | Process Industries | 41.0 | -9.99 |
| ACADEMY | Academy Press Plc | Consumer Services | 2.93 | -9.85 |
| ABCTRANS | Associated Bus Company Plc | Transportation | 1.11 | -9.76 |
| RTBRISCOE | R.T. Briscoe Plc | Retail Trade | 2.32 | -9.73 |
Market Insights and Analysis
- Economic Context: With Nigeria’s inflation at 34.6% (as of November 2024) and a high monetary policy rate of 27.5%, equity markets face both headwinds and opportunities. Investors are focusing on sectors that can pass on higher costs to consumers or benefit from government incentives.
- Bond Market Trends: The Nigeria 2-Year Treasury yields remain robust at 25.34%, providing stiff competition to equities for yield-seeking investors.
- Corporate Actions: Several companies, including Transcorp Hotels Plc and Chemical and Allied Products Plc, have entered closed periods for insider trading, indicating upcoming financial disclosures.
Conclusion
The Nigerian stock market continues to exhibit a mixed performance, with sectors like health technology and process industries outperforming, while transportation and retail trade face challenges. The NGX ASI’s resilience highlights investor confidence, albeit tempered by macroeconomic factors. As the earnings season progresses, further market movements are anticipated.
