The Nigerian equities market gained 1.01%, as the rout in equities prices remained positive. The NGX- ASI increased to 45,890.52 from 45,430.14, while the YTD return of the index further rose to +7.43% from +6.35%. The total market capitalization increased to N24.72trn from N24.48trn as investors gained N248.04bn.
The market turnover increased to N31.54bn from N8.93bn, while market breadth was positive at 3x as 27 stocks advanced against 9 stocks that declined, 64 stocks remained unchanged. The share price of NNFM increased by 9.92% to top the gainer’s chart, while DANGSUGAR declined by –2.74% to lead the losers’ chart.
Stocks whose share prices increased during intra-day trading include: NNFM(+9.92%), LEARNAFRCA(+9.32%), CADBURY(+7.95%), LINKASSURE(+7.55%), NGXGROUP(+6.30%), DANGCEM(+5.52%), COURTVILLE(+5.00%), REGALINS(+4.76%), SOVERNINS(+4.17%), FTNCOCOA(+2.78%), NEIMETH(+2.67%), UCAP(+02.26), AFRIPRUD(+0.77%), UBA(+0.61%), ACCESS(+0.51%), VITAFOAM(+0.24%), OANDO(+0.21%), GTCO(0.20%) and ZENITHBANK(+0.19%).
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MARKET STATISTICS
| CAP | N24,724,962,031,918.09 | One Day (ASI CHG) | +1.01% |
| Index | 45,890.52 | One Week (ASI CHG) | +2.88% |
| Volume | 873,492,331 | One Month (ASI CHG) | +8.25% |
| Value | N31,542,187,897.24 | Six Months (ASI CHG) | +20.92% |
| Deals | 4,342 | 52 Weeks (ASI CHG) | +11.53% |
| Gainers | 27 | Losers | 9 |
| Unchanged | 64 | Total | 100 |
| YTD Returns | +7.43% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Close Price | Previous Close | Change Price | % Change |
| ASI | 45,890.52 | 45,430.14 | 460.38 | 1.01 |
| NGX30 | 1,767.82 | 1,749.11 | 18.71 | 1.07 |
| NGXBNK | 419.60 | 418.08 | 1.52 | 0.36 |
| NGXCNSMRGDS | 562.62 | 563.59 | -0.97 | -0.17 |
| NGXINDUSTR | 2,178.09 | 2,120.44 | 57.65 | 2.72 |
| NGXINS | 191.88 | 190.88 | 1.00 | 0.52 |
| NGXLOTUSISLM | 3,023.60 | 2,989.44 | 34.16 | 1.14 |
| NGXOILGAS | 369.75 | 370.09 | -0.34 | -0.09 |
Top 7 Gainers
| Security | Open Price | Close Price | Change Price | % Change |
| NNFM | 6.55 | 7.20 | 0.65 | 9.92 |
| LEARNAFRCA | 1.18 | 1.29 | 0.11 | 9.32 |
| CADBURY | 8.80 | 9.50 | 0.70 | 7.95 |
| LINKASSURE | 0.53 | 0.57 | 0.04 | 7.55 |
| JAIZBANK | 0.60 | 0.67 | 0.04 | 6.35 |
Top 7 Losers
| Security | Open Price | Close Price | Change Price | % Change |
| DANGSUGAR | 18.25 | 17.75 | -0.50 | -2.74 |
| STANBIC | 37.00 | 36.00 | -1.00 | -2.70 |
| ARDOVA | 13.45 | 13.10 | -0.35 | -2.60 |
| FCMB | 3.00 | 2.95 | -0.05 | -1.67 |
| HONYFLOUR | 3.35 | 3.30 | -0.05 | -1.49 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| DANGCEM | 284.90 | 102,917,075.00 | 28,779,893,991.30 |
| FBNH | 12.00 | 54,041,026.00 | 647,958,220.70 |
| TRANSCORP | 1.03 | 34,103,184.00 | 34,704,157.60 |
| SOVRENINS | 0.25 | 20,985,290.00 | 4,886,794.70 |
| FIDELITYBK | 2.70 | 11,574,095.00 | 31,214,811.67 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| ZENITHBANK | 25.85 | 102,917,075.00 | 28,779,893,991.30 |
| SEPLAT | 720.10 | 54,041,026.00 | 647,958,220.70 |
| GTCO | 25.50 | 541,420.00 | 405,990,479.50 |
| FBNH | 12.00 | 9,497,024.00 | 245,395,837.05 |
| DANGCEM | 284.90 | 6,667,994.00 | 170,224,867.05 |
OUTLOOK
The positive performance in the equity market today was majorly buoyed by investors’ bargain-hunting on large capitalised stocks like DANGCEM, ZENITHBAK, and others. We believe the mixed sentiment will continue as investors continue to take positions on stocks with good fundamentals and also react to economic trends and corporate news
