The equities market closed positive at the end of today’s trading session as the benchmark index improved by 0.13% to close at 38,615.11 points. This was mainly due to the buy pressure in bellwether stocks such as GUARANTY (1.78%) and NB (1.2%).
Consequently, the YTD loss improved to -4.11% as market capitalization increased by ₦26 billion to close at ₦20.13 trillion. The Sectoral Performance strengthened as three of the five indices under coverage improved, one declined while the Oil & Gas closed flat at 314.21 points.

The Insurance index, the biggest gainer, improved by 1.01%, followed by the Banking (0.81%) and Consumer Goods (0.18%) indices respectively.

On the flip side, the Industrial index was the only loser under coverage, weakened by (-0.02%).

Investor sentiment strengthened in today’s trading session, as market breadth improved to 2.25x from 1.29x. This was illustrated by the advance of 18 stocks, led by CHAMPION (10.00%) and WAPIC (9.43%), and the decline of 8 stocks, led by CHIPLC (-8.96%) and UNITYBNK (-3.51%).

Activity level weakened as total volume and value decreased by 47.00% and 50.36% as investors exchanged about a 160.44million units of shares worth over N1.40billion respectively.

Fixed Income
There was mixed sentiment across the bond yield curve as 2 of the 4 bond yields under coverage increased while the FGN-APR-2023 and FGN-JUL-2030 closed flat at 11.72% and 12.52% respectively. The FGN-APR-2024 and FGN-JAN-2026 tenor yields increased by 0.06% and 0.12% respectively.

Treasury bill yields for the 90, 180 and 365-day papers closed at 4.71%, 6.28% and 9.76%.

We expect bullish momentum to persist in the next trading session as the equities market still presents decent opportunities for investors chasing positive real return on investments.
MARKET SNAPSHOT
Bullish Sentiment Persists in Local Bourse, NSE ASI Gains 13bps
Mixed Sentiment across the Bond Yield Curve
Negative Performance in Global Stocks as 4 of the 6 under Coverage Declined
Bearish Performance in Commodities Market
Bullish Sentiment in African Stocks

SOURCE:https://brandspurng.com/2021/06/17/investors-gain-n28-26bn-nse-asi-inches/