The Nigerian equity market rounded up trading activities for the week in the red, as NGX-ASI dipped by 0.15%. The NGX- ASI dropped to 47,282.67 from 47,353.22, indicating a YTD return of +10.69%. Similarly, the market capitalization also dropped by 0.15% from N25,520.81 billion to N25,482.78 billion. The market turnover was down to N3.83bn from N3.89bn and the market breadth was negative at 0.65X as 13 stocks advanced against 20 stocks that declined, while 79 stocks remained unchanged. The share prices of PZ gained 9.55% to top the gainers’ list, while MRS declined by -9.96% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: MRS (–9.96%), WAPIC (-9.43%), ACCESS (-5.77%), NEIMETH (-5.71%), LASACO (-3.85%), BUAFOODS (-3.09%), FTNCOCOA (-3.03%), REGALINS (-2.56%), AFRIPRUD (-1.64%), UBN (-1.61%), OANDO (-1.57%), NGXGROUP (-1.47%), INTBREW (-0.98%), CUTIX (-0.87%), FBNH (-0.42%), and ETI (-0.42%).
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MARKET STATISTICS
| CAP | N25,482,782,365,590.07 | One Day (ASI CHG) | -0.15% |
| Index | 47,282.67 | One Week (ASI CHG) | -0.33% |
| Volume | 599,506,918 | One Month (ASI CHG) | +0.30% |
| Value | N3,831,433,158.24 | Six Months (ASI CHG) | +21.41% |
| Deals | 4,289 | 52 Weeks (ASI CHG) | +21.50% |
| Gainers | 13 | Losers | 20 |
| Unchanged | 79 | Total | 112 |
| YTD Returns | +10.69% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.15 |
| NGX30 | -0.01 |
| NGXBNK | -0.63 |
| NGXCNSMRGDS | +0.07 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.48 |
| NGXLOTUSISLM | +0.07 |
| NGXOILGAS | -0.23 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| PZ | 7.85 | 8.60 | 0.75 | 9.55 |
| CWG | 0.99 | 1.07 | 0.08 | 8.08 |
| ROYALEX | 1.12 | 1.20 | 0.08 | 7.14 |
| NIGERINS | 0.20 | 0.21 | 0.01 | 5.00 |
| AIICO | 0.69 | 0.72 | 0.03 | 4.35 |
| UPDC | 0.97 | 1.00 | 0.03 | 3.09 |
| TRANSCORP | 1.12 | 1.14 | 0.02 | 1.79 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| MRS | 13.55 | 12.20 | -1.35 | -9.96 |
| IKEJAHOTEL | 1.52 | 1.37 | -0.15 | -9.87 |
| WAPIC | 0.53 | 0.48 | -0.05 | -9.43 |
| MBENEFIT | 0.27 | 0.25 | -0.02 | -7.41 |
| ACCESS | 10.40 | 9.80 | -0.60 | -5.77 |
| NEIMETH | 1.75 | 1.65 | -0.10 | -5.71 |
| GLAXOSMITH | 6.05 | 5.75 | -0.30 | -4.96 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| ETRANZACT | 2.66 | 8 | 331,127,237 | 880,810,411.22 |
| FIDELITYBK | 3 | 200 | 47,794,024 | 143,067,366.63 |
| FBNH | 11.9 | 289 | 36,755,267 | 435,515,468.30 |
| ACCESS | 9.8 | 476 | 29,512,374 | 289,424,960.55 |
| UBA | 8.65 | 242 | 28,170,335 | 241,856,049.95 |
| TRANSCORP | 1.14 | 101 | 17,842,278 | 19,966,591.70 |
| AIICO | 0.72 | 77 | 14,762,445 | 10,524,493.99 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| ETRANZACT | 2.66 | 8 | 331,127,237 | 880,810,411.22 |
| FBNH | 11.9 | 289 | 36,755,267 | 435,515,468.30 |
| GTCO | 26.2 | 357 | 11,737,913 | 307,691,780.90 |
| ACCESS | 9.8 | 476 | 29,512,374 | 289,424,960.55 |
| UBA | 8.65 | 242 | 28,170,335 | 241,856,049.95 |
| AIRTELAFRI | 1260 | 22 | 185,144 | 233,242,397.90 |
| ZENITHBANK | 26.65 | 299 | 8,663,932 | 230,875,215.50 |
OUTLOOK
The Nigerian Equity market wrapped up transactions for the week bearish, as investors continue to trade cautiously in response to the increased economic risks, indicated by falling yield trends in the fixed income market and the tamed movement of the ASI. We expect these mixed sentiments to overshadow market activities in the coming week.
