The Nigerian equity market closed transaction for the last trading day of the week on a positive note to reverse previous days loss, but it is however headed for the second week-on-week loss of the year. The NGX- ASI increased to 47,140.48 from 47,102.64, indicating a YTD return of +10.36%. The market turnover increased to N6.52 bn from N6.48bn, while market breadth was positive at 1.93x as 29 stocks advanced against 15 stocks, while 71 stocks remained unchanged. The share price of LEARNAFRCA gained 10.00% to top the gainer’s list, while PHARMDEKO declined by -8.67% to lead the losers’ chart.
Stocks whose share prices increased during intra-day trading include: LEARNAFRCA (+10.00%), HONYFLOUR (+9.84%), NNFM (+9.60%), UCAP (+9.59%), GUINNESS (+7.69%), UPDC (+5.83%), INTBREW (+5.00%), ROYALEX (+3.23%), JAPAULGOLD (+2.63%), REGALINS (+2.63%), UACN (+2.04%), TRANSCORP (+1.74%), UBN (+1.61%), JAIZBANK (+1.43%), FIDSON (+1.61%), NB (+1.05%), and UBA (+0.59%)
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MARKET STATISTICS
| CAP | N25,406,152,930,529.84 | One Day (ASI CHG) | +0.08% |
| Index | 47,140.48 | One Week (ASI CHG) | -0.13% |
| Volume | 424,695,438 | One Month (ASI CHG) | +5.56% |
| Value | N6,523,491,953.79 | Six Months (ASI CHG) | +19.21% |
| Deals | 4,601 | 52 Weeks (ASI CHG) | +17.23% |
| Gainers | 29 | Losers | 15 |
| Unchanged | 71 | Total | 115 |
| YTD Returns | +10.36% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.08 |
| NGX30 | 0.14 |
| NGXBNK | 0.08 |
| NGXCNSMRGDS | 1.05 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.79 |
| NGXLOTUSISLM | -0.04 |
| NGXOILGAS | -0.36 |
Top 7 Gainer
| Security | Previous Close | Close Price | Change Price | % Change |
| LEARNAFRCA | 2.00 | 2.20 | 0.20 | 10.00 |
| NCR | 3.63 | 3.99 | 0.36 | 9.92 |
| HONYFLOUR | 3.66 | 4.02 | 0.36 | 9.84 |
| ACADEMY | 1.63 | 1.79 | 0.16 | 9.82 |
| SCOA | 2.14 | 2.35 | 0.21 | 9.81 |
| NNFM | 9.90 | 10.85 | 0.95 | 9.60 |
| UCAP | 10.95 | 12.00 | 1.05 | 9.59 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| PHARMDEKO | 1.96 | 1.79 | -0.17 | -8.67 |
| FTNCOCOA | 0.37 | 0.35 | -0.02 | -5.41 |
| MAYBAKER | 4.45 | 4.21 | -0.24 | -5.39 |
| CORNERST | 0.63 | 0.60 | -0.03 | -4.76 |
| STERLNBANK | 1.70 | 1.63 | -0.07 | -4.12 |
| NEM | 4.15 | 4.01 | -0.14 | -3.37 |
| ETERNA | 5.55 | 5.40 | -0.15 | -2.70 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| ACCESS | 10.35 | 41,876,347 | 433,520,319.20 |
| UCAP | 12 | 39,162,074 | 467,434,234.75 |
| SOVRENINS | 0.25 | 23,292,433 | 5,836,070.97 |
| TRANSCORP | 1.17 | 21,936,467 | 25,628,363.50 |
| RTBRISCOE | 0.6 | 21,912,425 | 13,105,764.39 |
| FIDELITYBK | 3.02 | 21,668,377 | 65,390,208.00 |
| NB | 48 | 21,399,524 | 1,028,312,946.50 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| NB | 48 | 21,399,524 | 1,028,312,946.50 |
| MTNN | 199.5 | 3,520,346 | 702,376,585.10 |
| GTCO | 26.2 | 18,783,950 | 492,118,138.95 |
| UCAP | 12 | 39,162,074 | 467,434,234.75 |
| ACCESS | 10.35 | 41,876,347 | 433,520,319.20 |
| ZENITHBANK | 26.8 | 10,622,823 | 285,098,284.85 |
| GUINNESS | 70 | 1,364,032 | 95,202,315.20 |
OUTLOOK
Investors remain jittery about the state of the economy and have resolved to study conditions before making aggressive bets. This can be seen in tepid market volatility from the past week. Barring any significant events, we expect the market activities to maintain its current lukewarm trend, however, it is expected that the week experiences some positivism as investors take positions in stocks yet to release their financial statements.
