April 14, 2021/Cowry Asset Report
The local bourse index rose by 0.09% to close at 38,636.15 points amid renewed positive investors sentiment; albeit, the Exchange printed more losers (22) than gainers (14) at the close of trading session.
Hence, the year–to–date loss of the NSE ASI fell to –4.05%. Notably, we saw buying pressure on large caps such as MTNN, FBNH, ZENITHBANK and GUINNESS even as investors await Treasury Bills auction results. Hence their respective share prices increased by 0.63%, 2.03%, 0.46% and 9.96%.
However, sectorial performance remained bearish as four out of the five indices tracked closed in red zone; the NSE Insurance index led the laggards by 2.20%, followed by NSE Banking, NSE Oil/Gas and the NSE Industrial indices by 0.20%, 0.02% and 0.01% respectively.
On the positive side, the NSE Consumer Goods index rose by 0.20%. Meanwhile, trading activity was mixed as total deals and value of stocks traded fell by 0.60% and 21.91% to 3,987 deals and N2.2 billion respectively; however, the volume of goods traded rose by 33.16% to 0.28 billion units.
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