The Nigerian equities market gained 0.10%, as the rout in equities prices remained positive. NGX- ASI increased to 43,897.13 from 43,854.42, while the YTD return of the index further rose to +2.76% from +2.66%. The total market capitalization increased to N23.65trn from N23.63trn as investors gained N23.01bn.
The market turnover decreased to N8.64bn from N12.39bn, while market breadth was positive at 1.5X as 28 stocks advanced against 19 stocks that declined, 62 stocks remained unchanged. The share price of BUAFOOD increased by 9.96% to top the gainer’s chart, while NNFM lost -9.59% to lead the losers’ chart.
Stocks whose share prices increased during intra-day trading include: BUAFOOD(9.96%), MRS(9.72%), PZ(8.53%), AIICO(7.69%), UCAP(4.15%), DANGCEM(4.00%), ETERNA(3.72%), VITAFOAM(3.70%), UBA(3.13%), MANSARD(3.04%), AFRIPRUD(2.38%), STERLINGBANK(1.95%), FIDELITY(1.59%), LIVESTOCK(1.46%), HONYFLOUR(1.45%), FBNH(1.27%), JBERGER(1.15%), UACN(1.05%), WAPCO(0.97%), STANBIC(0.81%), and ETI(0.58%),
MARKET STATISTICS
| CAP | N23,650,957,963,489.13 | One Day (ASI CHG) | +0.10% |
| Index | 43,897.13 | One Week (ASI CHG) | +2.76% |
| Volume | 311,255,714 | One Month (ASI CHG) | +4.81% |
| Value | N8,642,447,411.17 | Six Months (ASI CHG) | +15.54% |
| Deals | 5,159 | 52 Weeks (ASI CHG) | +9.41% |
| Gainers | 28 | Losers | 19 |
| Unchanged | 62 | Total | 109 |
| YTD Returns | +2.76% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.10 |
| NGX30 | -0.48 |
| NGXBNK | -0.12 |
| NGXCNSMRGDS | -0.05 |
| NGXINDUSTR | 1.71 |
| NGXINS | 2.77 |
| NGXLOTUSISLM | -0.93 |
| NGXOILGAS | -0.58 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| BUAFOODS | 53.20 | 53.20 | 58.50 | 5.30 | 9.96 |
| MRS | 12.35 | 12.35 | 13.55 | 1.20 | 9.72 |
| PZ | 6.45 | 6.45 | 7.00 | 0.55 | 8.53 |
| AIICO | 0.78 | 0.78 | 0.84 | 0.06 | 7.69 |
| NPFMCRFBK | 1.86 | 1.86 | 1.98 | 0.12 | 6.45 |
| NEM | 4.15 | 4.15 | 4.40 | 0.25 | 6.02 |
| LASACO | 1.10 | 1.10 | 1.15 | 0.05 | 4.55 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| NNFM | 7.25 | 7.25 | 6.55 | -0.70 | -9.66 |
| UBN | 5.80 | 5.80 | 5.40 | -0.40 | -6.90 |
| REDSTAREX | 3.45 | 3.45 | 3.23 | -0.22 | -6.38 |
| MTNN | 197.00 | 197.00 | 185.50 | -11.50 | -5.84 |
| SOVRENINS | 0.26 | 0.26 | 0.25 | -0.01 | -3.85 |
| MBENEFIT | 0.31 | 0.31 | 0.30 | -0.01 | -3.23 |
| FLOURMILL | 29.00 | 29.00 | 28.10 | -0.90 | -3.10 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| BUAFOODS | 58.50 | 101,356,308 | 5,929,334,018.00 |
| TRANSCORP | 0.98 | 51,224,442 | 50,210,437.87 |
| ZENITHBANK | 25.35 | 12,129,510 | 308,628,093.30 |
| GTCO | 25.55 | 10,351,474 | 265,607,711.15 |
| SOVRENINS | 0.25 | 9,471,537 | 2,291,368.88 |
| FIDELITYBK | 2.55 | 7,692,475 | 19,510,583.31 |
| FBNH | 12.00 | 7,563,551 | 89,891,344.80 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| BUAFOODS | 58.50 | 101,356,308 | 5,929,334,018.00 |
| DANGCEM | 260.00 | 2,649,741 | 687,990,976.80 |
| MTNN | 185.50 | 1,773,328 | 329,795,952.90 |
| ZENITHBANK | 25.35 | 12,129,510 | 308,628,093.30 |
| GTCO | 25.55 | 10,351,474 | 265,607,711.15 |
| NGXGROUP | 20.95 | 6,552,521 | 137,559,849.60 |
| FBNH | 12.00 | 7,563,551 | 89,891,344.80 |
OUTLOOK
Today’s market performance was driven by investors’ bargain hunting in Banking and Insurance sectors as activities continue to pick up for the year. We expect positive sentiment from investors, as they continue to take positions in stocks with good fundamentals such as good dividend yield ahead of the 2021 corporate result release.
