Trading activities on the Nigerian equity market for today, Wednesday (23/03/2022) closed positive. Halting the four consecutive bearish trends. The NGX-ASI increased by 0.02% to 47,163.94 from 47,156.56, indicating a YTD return of +10.41%. Similarly, the market capitalization also grew to N25.42trillion from N25.41trillion. The market turnover declined to N3.22bn from N3.90bn. The market breadth closed at par, 16 stocks advanced against 16 stocks that declined, while 72 stocks remained unchanged. The share prices of CAP gained 10.00% to top the gainers’ list, while FCMB declined by -8.72% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: CAP(+10.00%), LEARNAFRICA(+9.60%), CHAMPION(+9.09%), STERLNBANK(+3.95%), CONOIL(+2.92%), REGALINS(+2.78%), FIDELITYBNK(+1.89%), UCAP(+1.63%), NPFMCRFBK(+1.58%), CHIPLC(1.54%), NAHCO(+1.27%), ACCESS(+1.02%), WAPCO(+0.85%), FIDSON(+0.76%), UBA(+0.66%), and REDSTAREX(+0.65%).
Click here for more on price list
MARKET STATISTICS
| CAP | N25,418,795,259,662 | One Day (ASI CHG) | +0.02% |
| Index | 47,163.94 | One Week (ASI CHG) | -0.42% |
| Volume | 267,480,601 | One Month (ASI CHG) | -0.09% |
| Value | N3,215,776,258.82 | Six Months (ASI CHG) | +21.32% |
| Deals | 4,099 | 52 Weeks (ASI CHG) | +21.85% |
| Gainers | 16 | Losers | 16 |
| Unchanged | 72 | Total | 104 |
| YTD Returns | +10.41% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.02 |
| NGX30 | -0.03 |
| NGXBNK | 0.25 |
| NGXCNSMRGDS | 0.00 |
| NGXINDUSTR | 0.08 |
| NGXINS | -0.18 |
| NGXLOTUSISLM | 0.02 |
| NGXOILGAS | 0.11 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| CAP | 18 | 18 | 19.8 | 1.8 | 10.00 |
| LEARNAFRCA | 1.98 | 1.98 | 2.17 | 0.19 | 9.60 |
| CHAMPION | 1.87 | 1.87 | 2.04 | 0.17 | 9.09 |
| STERLNBANK | 1.52 | 1.52 | 1.58 | 0.06 | 3.95 |
| CONOIL | 24 | 24 | 24.7 | 0.7 | 2.92 |
| REGALINS | 0.36 | 0.36 | 0.37 | 0.01 | 2.78 |
| FIDELITYBK | 3.18 | 3.18 | 3.24 | 0.06 | 1.89 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| FCMB | 3.67 | 3.67 | 3.35 | -0.32 | -8.72 |
| MBENEFIT | 0.27 | 0.27 | 0.25 | -0.02 | -7.41 |
| ABCTRANS | 0.32 | 0.32 | 0.3 | -0.02 | -6.25 |
| PHARMDEKO | 1.84 | 1.84 | 1.73 | -0.11 | -5.98 |
| FTNCOCOA | 0.34 | 0.34 | 0.32 | -0.02 | -5.88 |
| NIGERINS | 0.21 | 0.21 | 0.2 | -0.01 | -4.76 |
| CHAMS | 0.22 | 0.22 | 0.21 | -0.01 | -4.55 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| FIDELITYBK | 3.24 | 318 | 68,817,180 | 219,243,828.95 |
| ACCESS | 9.95 | 410 | 38,641,050 | 384,118,847.65 |
| UBA | 7.65 | 240 | 30,913,307 | 236,083,159.15 |
| GTCO | 26 | 426 | 23,953,077 | 621,972,450.70 |
| ZENITHBANK | 26.9 | 318 | 12,607,338 | 339,011,953.95 |
| UACN | 12.15 | 97 | 9,309,470 | 12,339,844.85 |
| AIICO | 0.66 | 58 | 7,955,027 | 5,255,607.24 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| GTCO | 26 | 426 | 23,953,077 | 621,972,450.70 |
| MTNN | 205.5 | 271 | 2,673,473 | 544,641,135.10 |
| ACCESS | 9.95 | 410 | 38,641,050 | 384,118,847.65 |
| ZENITHBANK | 26.9 | 318 | 12,607,338 | 339,011,953.95 |
| UBA | 7.65 | 240 | 30,913,307 | 236,083,159.15 |
| FIDELITYBK | 3.24 | 318 | 68,817,180 | 219,243,828.95 |
| NESTLE | 1395 | 22 | 122,596 | 171,015,743.70 |
OUTLOOK
Bargain hunters returned to the market today after the stock market halted its four day negative trend. Investors regained appetite was focused on industrial, oil and gas, and banking stocks. we do not expected major swings in the market as we expect investors’ to continue trading cautiously pending significant changes in the economic conditions.
