The Nigerian equities market ascend by 0.85%, as the rout in equities prices was positive. The NGX- ASI increased to 47,329.80 from 46,930 while the YTD return ascend to +10.8% from +9.87%. The total market capitalization rose to N25.50trn from 25.29trn as investors gain N215.08bn.
The market turnover decreased to N3.83bn from N6.26bn, while market breadth was positive at 1.20x as 23 stocks advanced against 19 stocks that declined, 66 stocks remained unchanged. The share price of OANDO increased by 10.00% each to top the gainer’s chart, while PHARMDEKO declined by -10.00% to lead the losers’ chart.
Stocks whose share prices assend during intra-day trading include: OANDO (+10.00%), ACADEMY (+9.73%), SCOA (+9.62%) RTBRISCOE (+7.69%), UPL (=7.29%), LINKASSURE (+6.12%), DANGCEM (+5.45%), REDSTAREX (+5.14%), CHAMS (+5.00%), VERITASKAP (+4.76%), CUTIX (+3.00%), FTNCOCOA (+2.78%), ROYALEX (-+2.44%), CAVERTON (+1.97%), CORNERST(+1.82%), UBN (+1.62%), FLOURMILL (+1.55%), LIVESTOCK (+0.99%), MAYBAKER (+0.70%), UCAP (+0.45%), FIDELITYBK (+0.35%), and WAPCO (+0.19%).
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MARKET STATISTICS
| CAP | N25,504,320,963,609.11 | One Day (ASI CHG) | +0.85% |
| Index | 47,329.80 | One Week (ASI CHG) | +2.87% |
| Volume | 346,703,273 | One Month (ASI CHG) | +10.8% |
| Value | N3,834,191,408.03 | Six Months (ASI CHG) | +21.61% |
| Deals | 4,952 | 52 Weeks (ASI CHG) | +12.69% |
| Gainers | 23 | Losers | 19 |
| Unchanged | 66 | Total | 108 |
| YTD Returns | +10.8% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.85 |
| NGX30 | 0.92 |
| NGXBNK | -0.51 |
| NGXCNSMRGDS | -0.18 |
| NGXINDUSTR | 2.68 |
| NGXINS | 0.19 |
| NGXLOTUSISLM | 1.17 |
| NGXOILGAS | 1.43 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| OANDO | 4.7 | 5.17 | 0.47 | 10.00 |
| ACADEMY | 1.13 | 1.24 | 0.11 | 9.73 |
| SCOA | 1.04 | 1.14 | 0.10 | 9.62 |
| LASACO | 1 | 1.08 | 0.08 | 8.00 |
| RTBRISCOE | 0.26 | 0.28 | 0.02 | 7.69 |
| UPL | 2.47 | 2.65 | 0.18 | 7.29 |
| LINKASSURE | 0.49 | 0.52 | 0.03 | 6.12 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| PHARMDEKO | 2.2 | 1.98 | -0.22 | -10.00 |
| CHAMPION | 2.3 | 2.10 | -0.20 | -8.70 |
| IKEJAHOTEL | 1.43 | 1.33 | -0.10 | -6.99 |
| UNITYBNK | 0.53 | 0.51 | -0.02 | -3.77 |
| MBENEFIT | 0.27 | 0.26 | -0.01 | -3.70 |
| JAIZBANK | 0.69 | 0.67 | -0.02 | -2.90 |
| NEIMETH | 1.85 | 1.80 | -0.05 | -2.70 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| FIDELITYBK | 2.87 | 228 | 55,939,527.00 | 160,264,526.35 |
| FBNH | 11.4 | 158 | 27,952,312.00 | 318,015,746.50 |
| GTCO | 27.45 | 261 | 21,295,261.00 | 584,955,705.50 |
| TRANSCORP | 1.14 | 121 | 20,440,099.00 | 23,117,939.63 |
| OANDO | 5.17 | 359 | 18,361,598.00 | 92,480,120.39 |
| NGXGROUP | 24.3 | 165 | 16,322,989.00 | 397,732,790.30 |
| ZENITHBANK | 26.15 | 373 | 12,845,268.00 | 337,102,809.95 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| GTCO | 27.45 | 261 | 21,295,261.00 | 584,955,705.50 |
| NGXGROUP | 24.3 | 165 | 16,322,989.00 | 397,732,790.30 |
| ZENITHBANK | 26.15 | 373 | 12,845,268.00 | 337,102,809.95 |
| NB | 48 | 67 | 6,669,870.00 | 320,257,687.40 |
| FBNH | 11.4 | 158 | 27,952,312.00 | 318,015,746.50 |
| MTNN | 200 | 148 | 1,276,195.00 | 255,215,818.40 |
| DANGCEM | 274.8 | 101 | 839,526.00 | 227,717,854.10 |
OUTLOOK
The bulls returned to the equity market today as buying pressure drove prices in all the major sectors, except for the bank sector. We expect positive sentiments will continue as investors continue to take positions on stocks with good fundamentals
