The equity market closed transaction today, Thursday (31/03/2022) in the green, continuing yesterday’s positive trend. The NGX-ASI grew by 0.13% to 46,965.48 from 46,904.48, indicating a YTD return of +9.95%. Similarly, the market capitalization also increased to N25.31 trillion from N25.28 trillion. The market turnover rose toN3.66 bn from 11 N2.62 bn. The market breadth closed negative at 0.47x, as 14 stocks advanced against 30 stocks that declined, while 63 stocks remained unchanged. The share prices of MEYER gained 10.00% to top the gainers’ list, while NNFM declined by -10.00% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: MEYER (+10.00%), MANSARD (+9.72%), FBNH (+6.92%), COURTVILLE (+5.66%), OKOMUOIL (+4.32%), NPFMCRFBK (+3.75%), MTNN (+1.90%), FIDELITYBK (+1.59%), AIICO (+1.52%), HONYFLOUR (+1.45%), CUTIX (+0.89%), NGXGROUP (+0.83%), STANBIC (+0.44%) and AIRTELAFRI (+0.03)
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MARKET STATISTICS
| CAP | N25,311,834,226,909.19 | One Day (ASI CHG) | +0.13% |
| Index | 46,965.48 | One Week (ASI CHG) | +0.01% |
| Volume | 25,6020,806 | One Month (ASI CHG) | -0.91% |
| Value | N3,660,115,004.20 | Six Months (ASI CHG) | +16.77% |
| Deals | 4,017 | 52 Weeks (ASI CHG) | +20.21% |
| Gainers | 14 | Losers | 30 |
| Unchanged | 63 | Total | 107 |
| YTD Returns | +9.95% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.13 |
| NGX30 | 0.11 |
| NGXBNK | -1.30 |
| NGXCNSMRGDS | -1.57 |
| NGXINDUSTR | -0.03 |
| NGXINS | 0.35 |
| NGXLOTUSISLM | 0.68 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| MEYER | 0.60 | 0.66 | 0.06 | 10.00 |
| MANSARD | 2.16 | 2.37 | 0.21 | 9.72 |
| FBNH | 11.60 | 12.40 | 0.80 | 6.90 |
| COURTVILLE | 0.53 | 0.56 | 0.03 | 5.66 |
| OKOMUOIL | 143.50 | 149.70 | 6.20 | 4.32 |
| NPFMCRFBK | 2.40 | 2.49 | 0.09 | 3.75 |
| MTNN | 210.00 | 214.00 | 4.00 | 1.90 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| NNFM | 10.00 | 9.00 | -1.00 | -10.00 |
| NEIMETH | 1.57 | 1.42 | -0.15 | -9.55 |
| BERGER | 7.50 | 6.80 | -0.70 | -9.33 |
| RTBRISCOE | 0.65 | 0.59 | -0.06 | -9.23 |
| NB | 44.50 | 40.45 | -4.05 | -9.10 |
| NIGERINS | 0.22 | 0.20 | -0.02 | -9.09 |
| IKEJAHOTEL | 1.32 | 1.20 | -0.12 | -9.09 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| FIDELITYBK | 3.2 | 197 | 77,344,642 | 242,266,949.73 |
| UACN | 11.95 | 78 | 16,954,653 | 198,694,709.00 |
| CHAMS | 0.21 | 27 | 15,453,822 | 3,218,375.85 |
| ZENITHBANK | 22.4 | 491 | 15,246,778 | 343,360,072.25 |
| ACCESSCORP | 9.75 | 241 | 15,229,502 | 149,850,685.80 |
| UPDC | 0.82 | 53 | 9,544,739 | 7,449,362.35 |
| UCAP | 12.55 | 117 | 7,692,177 | 95,720,000.35 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| AIRTELAFRI | 1260.4 | 25 | 903,740 | 1,138,996,502.40 |
| ZENITHBANK | 22.4 | 491 | 15,246,778 | 343,360,072.25 |
| FIDELITYBK | 3.2 | 197 | 77,344,642 | 242,266,949.73 |
| UACN | 11.95 | 78 | 16,954,653 | 198,694,709.00 |
| SEPLAT | 930 | 22 | 207,037 | 192,548,772.20 |
| MTNN | 214 | 210 | 903,828 | 192,531,253.50 |
| NGXGROUP | 24.2 | 56 | 7,389,359 | 177,752,217.95 |
OUTLOOK
The market recovery continues today, as gains from bellwether stocks such as MTNN, OKOMUOIL, FBNH, and others sustained the market’s upward trajectory. We expect to see a mixed reaction in the market as companies roll out their audited financial statements for the year ended 2021. Investors will be on the lookout for stocks with good fundamentals.
