The Nigerian equities market increased by 1.71%, as the rout in equities prices persisted, while investors sentiment was positive. NGX- ASI increased to 44,608.82 from 43,897.13, while the YTD return of the index also rose to +4.43% from +2.68%%. The total market capitalization rose to N24.03 from N23.63trn as investors gain N403.83bn.
The market turnover decreased to N3.82 from N6.77bn, while market breadth was positive at 1.6X as 24 stocks advanced against 15 stocks that declined, 69 stocks remained unchanged. The share price of ACADEMY and JAIZBANK increased by 10.00% to top the gainer’s chart, while CHIPLC lost -8.70% to lead the losers’ chart.
Stocks whose share prices decreased during intra-day trading include: JAIZBANK (+10.00%), ACADEMY (+10.00%), UNITYBNK (+8.70%), SOVRENINS(+8.33%), MBENEFIT (+7.41%), DANGCEM (+6.18%), LINKASSURE (+6.00%), TRANSCORP(+5.10%), CORNERST (+3.77%), CHAMPION (+3.40%), SEPLAT (2.99%), GUINNESS (2.99%), BUAFOOD (+2.56%), WEMABANK (2.30%), MTNN (+2.15%), PZ (+2.14%), NAHCO (+1.88%), UPCREIT (+1.27%), UBA (+1.23%), and FIDELITYBK (+1.18%),
MARKET STATISTICS
| CAP | N24,034,405,838,474.58 | One Day (ASI CHG) | +1.71% |
| Index | 44,608.82 | One Week (ASI CHG) | +2.60% |
| Volume | 266,328,204.00 | One Month (ASI CHG) | +6.51% |
| Value | N3,822,086,546.83 | Six Months (ASI CHG) | +17.83% |
| Deals | 4,502.00 | 52 Weeks (ASI CHG) | +10.70% |
| Gainers | 24 | Losers | 15 |
| Unchanged | 69 | Total | 108 |
| YTD Returns | +4.43% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 1.71 |
| NGX30 | 1.87 |
| NGXBNK | 0.39 |
| NGXCNSMRGDS | 0.14 |
| NGXINDUSTR | 3.06 |
| NGXINS | -0.49 |
| NGXLOTUSISLM | 2.02 |
| NGXOILGAS | 1.37 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| ACADEMY | 0.6 | 0.66 | 0.06 | 10.00 |
| JAIZBANK | 0.6 | 0.66 | 0.06 | 10.00 |
| UNITYBNK | 0.46 | 0.5 | 0.04 | 8.70 |
| SOVRENINS | 0.24 | 0.26 | 0.02 | 8.33 |
| MBENEFIT | 0.27 | 0.29 | 0.02 | 7.41 |
| DANGCEM | 259 | 275 | 16 | 6.18 |
| LINKASSURE | 0.5 | 0.53 | 0.03 | 6.00 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| CHIPLC | 0.69 | 0.63 | -0.06 | -8.70 |
| REGALINS | 0.46 | 0.42 | -0.04 | -8.70 |
| SUNUASSUR | 0.37 | 0.34 | -0.03 | -8.11 |
| AIICO | 0.81 | 0.78 | -0.03 | -3.70 |
| NEIMETH | 1.86 | 1.8 | -0.06 | -3.23 |
| CONOIL | 22 | 21.3 | -0.70 | -3.18 |
| HONYFLOUR | 3.5 | 3.4 | -0.10 | -2.86 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.03 | 253 | 89,018,465.00 | 89,873,994.14 |
| FBNH | 12 | 177 | 30,490,813.00 | 365,671,267.10 |
| JAIZBANK | 0.66 | 66 | 14,202,981.00 | 8,974,210.38 |
| STERLNBANK | 1.51 | 35 | 11,694,884.00 | 17,701,731.69 |
| GTCO | 25.45 | 365 | 9,830,679.00 | 250,318,990.75 |
| ETI | 8.6 | 33 | 8,257,741.00 | 71,041,048.70 |
| ACCESS | 9.5 | 140 | 8,005,517.00 | 75,908,497.40 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| SEPLAT | 690 | 24 | 1,349,032.00 | 930,227,728.40 |
| DANGCEM | 275 | 294 | 2,134,365.00 | 588,615,874.60 |
| MTNN | 190 | 173 | 2,569,293.00 | 485,765,736.50 |
| FBNH | 12 | 177 | 30,490,813.00 | 365,671,267.10 |
| GTCO | 25.45 | 365 | 9,830,679.00 | 250,318,990.75 |
| NB | 45.5 | 102 | 4,934,164.00 | 224,463,848.10 |
| ZENITHBANK | 25.45 | 242 | 3,887,883.00 | 98,885,332.35 |
OUTLOOK
Today’s market positive performance can be attributed to investors’ buying interest in all the major market sectors excluding the Insurance sector which declined by 0.49%, 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.
