The Nigerian equity market closed transactions for today (Wednesday 9/3/22) on a positive note by 0.28%, rebounding from the five consecutive bearish trading days. The NGX- ASI rose to 47,287.09 from 47,154.35, indicating a YTD return of +10.70%. The market turnover increased to N5.86bn from N3.64bn . The market breadth was positive at 2.5x as 30 stocks advanced against 12 stocks that declined, while 67 stocks remained unchanged. The share prices of PRESCO gained 10.00% to top the gainers’ list, while CONOIL and ELLAHLAKES declined by -9.92% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: PRESCO(+10.00%), PHARMDEKO(+9.89%), LINKASSURE (+9.80%), ROYALEX (+9.63%), RTBRISCOE (+8.93%), TRANSCORP (+8.49%), MBENEFIT (+8.00%), LASACO (+7.84%), NEM (+7.30%), WAPIC(+6.38%), AIICO (+6.06%), JAPAULGOLD (+5.88%), MULTIVERSE (+4.35%), PZ (+3.47%), UCAP (+3.31%), FBNH (+3.14%), AFRIPRUD (+3.08%), LIVESTOCK (+3.03%), NB(+3.01%), NESTLE (+2.87%), INTBREW (+1.96%), OKOMUOIL (+1.48%) FLURMILL(+1.31%) STERLNBANK (+1.31%) UBA (+1.19%) ACCESS (+1.00%) and FIDELITYBK (+0.34%).
Click here for more on price list
MARKET STATISTICS
| CAP | N25,485,164,001,479.66 | One Day (ASI CHG) | +0.28% |
| Index | 47,287.09 | One Week (ASI CHG) | -0.16% |
| Volume | 336,305,180 | One Month (ASI CHG) | +0.28% |
| Value | N5,860,102,089.19 | Six Months (ASI CHG) | +20.63% |
| Deals | 5,248 | 52 Weeks (ASI CHG) | +22.23% |
| Gainers | 30 | Losers | 12 |
| Unchanged | 67 | Total | 109 |
| YTD Returns | +10.70% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.28 |
| NGX30 | 0.59 |
| NGXBNK | -0.04 |
| NGXCNSMRGDS | 2.07 |
| NGXINDUSTR | -0.01 |
| NGXINS | 3.5 |
| NGXLOTUSISLM | 0.87 |
| NGXOILGAS | 0.11 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| PRESCO | 104.50 | 114.95 | 10.45 | 10.00 |
| PHARMDEKO | 1.82 | 2.00 | 0.18 | 9.89 |
| LINKASSURE | 0.51 | 0.56 | 0.05 | 9.80 |
| ROYALEX | 1.35 | 1.48 | 0.13 | 9.63 |
| RTBRISCOE | 0.56 | 0.61 | 0.05 | 8.93 |
| TRANSCORP | 1.06 | 1.15 | 0.09 | 8.49 |
| MBENEFIT | 0.25 | 0.27 | 0.02 | 8 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| ELLAHLAKES | 3.83 | 3.45 | -0.38 | -9.92 |
| MAYBAKER | 5.45 | 4.91 | -0.54 | -9.91 |
| NEIMETH | 1.82 | 1.65 | -0.17 | -9.34 |
| NIGERINS | 0.23 | 0.21 | -0.02 | -8.70 |
| CUTIX | 2.48 | 2.30 | -0.18 | -7.26 |
| CAVERTON | 1.40 | 1.30 | -0.10 | -7.14 |
| UPL | 2.62 | 2.49 | -0.13 | -4.96 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume |
| FBNH | 11.5 | 214 | 108,614,570 |
| GTCO | 26.15 | 384 | 54,133,508 |
| UCAP | 12.5 | 313 | 25,292,457 |
| ZENITHBANK | 26.5 | 430 | 22,292,460 |
| CAVERTON | 1.3 | 145 | 14,946,194 |
| UBA | 8.5 | 193 | 11,336,832 |
| TRANSCORP | 1.15 | 114 | 10,366,185 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Value |
| GTCO | 26.15 | 384 | 1,428,321,573.20 |
| FBNH | 11.5 | 214 | 1,248,914,384.20 |
| NESTLE | 1435 | 55 | 1,022,791,230.40 |
| ZENITHBANK | 26.5 | 430 | 595,014,626.80 |
| UCAP | 12.5 | 313 | 308,507,727.40 |
| NB | 47.9 | 58 | 229,641,416.20 |
| PRESCO | 114.95 | 72 | 157,455,634.35 |
OUTLOOK
The Nigerian domestic market rallied after a five day bearish run, as the economic risk of the effects of Russian-Ukrainian war weighed on investors minds. However, we expect the bulls to return on the back of numerous corporate activities and for bargain hunting.
