The Nigerian equities market dropped by 1.12%, as the rout in equities prices halt the market gain. The NGX- ASI decreased to 46,009.23 from 46,529.99, while the YTD return declined to +7.21% from +8.93%. The total market capitalization fell to N24.79 trn from N25.07trn as investors lost N281.12bn.
The market turnover decreased to N2.76bn from N3.58bn, while market breadth was positive at 1.44x as 26 stocks advanced against 18 stocks that declined, 66 stocks remained unchanged. The share price of GUINNESS and INTBREW increased by 10.00% each to top the gainer’s chart, while NEM declined by -8.57% to lead the losers’ chart.
Stocks whose share prices declined during intra-day trading include: NEM (-8.57%), DANGCEM (-8.53%), AIICO (-5.00%) ARDOVA (-4.96%), MULTIVERSE (-4.76%), MAYBAKER (-4.44%), JAIZBANK (-4.29%), STERLNBANK (-3.64%), UPDCREIT (-2.53%), OANDO (-2.13%), UCAP(-1.36%), FBNH (-1.30%), UACN (-1.11%), UPDC (-0.89%), MANSARD (-0.43%), and FLOURMILL (-0.17%).
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MARKET STATISTICS
| CAP | N24,792,713,569,390.40 | One Day (ASI CHG) | -1.12% |
| Index | 46,009.23 | One Week (ASI CHG) | +0.26% |
| Volume | 279,441,158 | One Month (ASI CHG) | +8.86% |
| Value | N2,763,210,889.71 | Six Months (ASI CHG) | +18.57% |
| Deals | 4,582 | 52 Weeks (ASI CHG) | +9.73% |
| Gainers | 26 | Losers | 18 |
| Unchanged | 66 | Total | 110 |
| YTD Returns | +7.71% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -1.12 |
| NGX30 | -0.97 |
| NGXBNK | 1.08 |
| NGXCNSMRGDS | 1.77 |
| NGXINDUSTR | -3.25 |
| NGXINS | -1.79 |
| NGXLOTUSISLM | -1.63 |
| NGXOILGAS | -0.48 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| GUINNESS | 42.50 | 46.75 | 4.25 | 10.00 |
| INTBREW | 5.00 | 5.50 | 0.50 | 10.00 |
| ETI | 10.90 | 11.95 | 1.05 | 9.63 |
| PRESTIGE | 0.42 | 0.46 | 0.04 | 9.52 |
| UNILEVER | 13.05 | 14.00 | 0.95 | 7.28 |
| CUTIX | 2.40 | 2.50 | 0.10 | 4.17 |
| MBENEFIT | 0.26 | 0.27 | 0.01 | 3.85 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| NEM | 3.50 | 3.20 | -0.30 | -8.57 |
| DANGCEM | 284.90 | 260.60 | -24.30 | -8.53 |
| AIICO | 0.80 | 0.76 | -0.04 | -5.00 |
| ARDOVA | 13.10 | 12.45 | -0.65 | -4.96 |
| MULTIVERSE | 0.21 | 0.20 | -0.01 | -4.76 |
| MAYBAKER | 4.50 | 4.30 | -0.20 | -4.44 |
| JAIZBANK | 0.70 | 0.67 | -0.03 | -4.29 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| UPDCREIT | 3.85 | 101 | 46,355,317 | 181,873,198.75 |
| COURTVILLE | 0.6 | 204 | 36,082,363 | 21,320,802.86 |
| TRANSCORP | 1.1 | 132 | 16,885,893 | 18,247,336.54 |
| GTCO | 25.5 | 309 | 16,046,104 | 409,659,547.55 |
| MULTIVERSE | 0.2 | 21 | 10,737,673 | 2,201,006.33 |
| NGXGROUP | 20.9 | 89 | 9,525,972 | 196,389,208.90 |
| INTBREW | 5.5 | 79 | 8,763,767 | 45,561,216.10 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| GTCO | 25.5 | 309 | 16,046,104 | 409,659,547.55 |
| MTNN | 190 | 120 | 1,734,115 | 329,674,153.20 |
| ZENITHBANK | 25.5 | 232 | 7,835,684 | 199,622,762.35 |
| NGXGROUP | 20.9 | 89 | 9,525,972 | 196,389,208.90 |
| UPDCREIT | 3.85 | 101 | 46,355,317 | 181,873,198.75 |
| NB | 48.5 | 70 | 2,271,475 | 109,460,083.40 |
| WAPCO | 25.6 | 87 | 4,143,205 | 105,680,874.35 |
OUTLOOK
Todays’ market selloff was a result of investors’ taking profit in three major sectors, the Industrial sector which declined by 3.25%, Insurance and Oil & Gas sectors, which fell by 1.79% and 0.48% respectively. We expect positive sentiments to return as investors are expected to take positions in expectation of the financial results of various companies.
