The Nigerian equities market declined by 0.09%, as the rout in equities prices persisted, while investors sentiment was negative. NGX- ASI decreased to 43,859.30 from 43,897.13, while the YTD return of the index also dropped to +2.68% from +2.76%. The total market capitalization fell to N23.63trn from N23.65trn as investors lost N20.38bn.
The market turnover decreased to N6.77bn from N8.64bn, while market breadth was negative at 0.7X as 17 stocks advanced against 26 stocks that declined, 58 stocks remained unchanged. The share price of BUAFOOD increased by 10.00% to top the gainer’s chart, while MBENEFIT lost -10.00% to lead the losers’ chart.
Stocks whose share prices decreased during intra-day trading include: MBENEFIT (-10.00%), BERGER (-9.94%), NESTLE (-7.81%), NB (-5.21%), CHAMS (-4.76%), NGXGROUP (-4.30%), UNILEVER (-4.29%), SOVRENINS (-4.04%), AIICO (-3.57%), MANSARD (-2.95%), STERLNBANK (-1.91%), UBA (-1.82%), LASACO (-1.74%), NASCON (-1.14%), WAPCO (-0.96%), UCAP (-0.88%), ETI (-0.57%), DANGCEM (-0.38%), JBERGER (-0.23%), and GTCO (-0.20%),
MARKET STATISTICS
| CAP | N23,630,579,470,584.67 | One Day (ASI CHG) | -0.09% |
| Index | 43,859.30 | One Week (ASI CHG) | +1.94% |
| Volume | 294,539,104 | One Month (ASI CHG) | +4.72% |
| Value | N6,768,334,554.15 | Six Months (ASI CHG) | +15.44% |
| Deals | 4,501 | 52 Weeks (ASI CHG) | +9.24% |
| Gainers | 17 | Losers | 26 |
| Unchanged | 58 | Total | 101 |
| YTD Returns | +2.68% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.09 |
| NGX30 | -0.73 |
| NGXBNK | 0.16 |
| NGXCNSMRGDS | -4.76 |
| NGXINDUSTR | -0.27 |
| NGXINS | -2.14 |
| NGXLOTUSISLM | -1.99 |
| NGXOILGAS | 0.95 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| BUAFOODS | 58.50 | 64.35 | 5.85 | 10.00 |
| ETERNA | 5.30 | 5.57 | 0.27 | 5.09 |
| UBN | 5.40 | 5.65 | 0.25 | 4.63 |
| WEMABANK | 0.84 | 0.87 | 0.03 | 3.57 |
| OANDO | 4.60 | 4.73 | 0.13 | 2.83 |
| GUINNESS | 39.90 | 41.00 | 1.10 | 2.76 |
| NAHCO | 3.65 | 3.73 | 0.08 | 2.19 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| MBENEFIT | 0.30 | 0.27 | -0.03 | -10.00 |
| BERGER | 8.55 | 7.70 | -0.85 | -9.94 |
| UPDCREIT | 4.30 | 3.95 | -0.35 | -8.14 |
| NESTLE | 1556.50 | 1435.00 | -121.50 | -7.81 |
| UNITYBNK | 0.49 | 0.46 | -0.03 | -6.12 |
| NB | 48.00 | 45.50 | -2.50 | -5.21 |
| CHAMS | 0.21 | 0.20 | -0.01 | -4.76 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 0.98 | 102 | 58,356,986 | 57,360,497.97 |
| BUAFOODS | 64.35 | 206 | 51,526,040 | 3,315,699,168.00 |
| FBNH | 12 | 165 | 16,506,883 | 197,303,953.60 |
| GTCO | 25.5 | 388 | 14,050,268 | 358,212,819.95 |
| ACCESS | 9.5 | 171 | 13,337,434 | 126,748,739.65 |
| ZENITHBANK | 25.4 | 354 | 10,910,728 | 276,659,273.75 |
| STANBIC | 37.3 | 29 | 10,229,228 | 381,532,603.15 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| BUAFOODS | 64.35 | 206 | 51,526,040 | 3,315,699,168.00 |
| SEPLAT | 670 | 38 | 895,910 | 596,916,173.50 |
| STANBIC | 37.3 | 29 | 10,229,228 | 381,532,603.15 |
| DANGCEM | 259 | 144 | 1,469,880 | 381,456,136.10 |
| GTCO | 25.5 | 388 | 14,050,268 | 358,212,819.95 |
| NESTLE | 1435 | 24 | 205,273 | 294,564,220.80 |
| ZENITHBANK | 25.4 | 354 | 10,910,728 | 276,659,273.75 |
OUTLOOK
Today’s market negative outturn was buoyed by investors’ profit-taking in some large and medium scale stocks such as NESTLE, NB, UCAP and others, 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 full year 2021 corporate result release.
