Gains in Banking, and Oil & Gas Sectors Lift Market Capitalization by N48.26 Billion

Trading activities on the Nigerian equity market for today Tuesday (05/04/2022), closed bullish, halting the negative trend at two. The NGX-ASI grew by 0.19% to 46,777.37 from 46,687.85, indicating a YTD return of +9.51%. Similarly, the market capitalization also rose to N25.22 trillion from N25.17 trillion. The market turnover increased to N2.34bn from N1.93bn. The market breadth closed positive at 0.90x, as 18 stocks advanced against 20 stocks that declined, while 64 stocks remained unchanged. The share prices of MEYER gained 8.86% to top the gainers’ list, while NPFMCRFBK declined by -9.64% to lead the losers’ chart.

Stocks whose share prices gained during intra-day trading include: MEYER (+8.86%), REGALINS (+7.14%), FTNCOCOA (+6.45%), CUTIX (+5.85%), CAVERTON (+5.56%), UPDCREIT (+4.55%), ZENITHBANK (+3.41%), GTCO (+2.52%), SEPLAT (+2.15%), LIVESTOCK (+2.10%), ACCESSCORP (+1.56%), JAIZBANK (+1.52%), UBA (+1.33%), OANDO (+1.25%), FCMB (+0.95%), and STERLNBANK (+0.67%)

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MARKET STATISTICS

CAP N25,218,159,269,283.86 One Day (ASI CHG) +0.19%
Index 46,777.37 One Week (ASI CHG) -0.14%
Volume 257,413,873 One Month (ASI CHG) -1.04%
Value N2,342,628,127.24 Six Months (ASI CHG) +14.89%
Deals 4,410 52 Weeks (ASI CHG) +20.20%
Gainers 18 Losers 20
Unchanged 64 Total 102
  YTD Returns +9.30%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI 0.19
NGX30 0.30
NGXBNK 1.73
NGXCNSMRGDS -0.34
NGXINDUSTR -0.05
NGXINS -0.93
NGXLOTUSISLM -0.05
NGXOILGAS 1.42

Top 7 Gainers

Security Previous Close Close Price Change Price % Change
MEYER 0.79 0.86 0.07 8.86
REGALINS 0.28 0.30 0.02 7.14
FTNCOCOA 0.31 0.33 0.02 6.45
CUTIX 2.05 2.17 0.12 5.85
CAVERTON 1.26 1.33 0.07 5.56
NIGERINS 0.20 0.21 0.01 5.00
UPDCREIT 3.30 3.45 0.15 4.55

Top 7 Losers

Security Previous Close Close Price Change Price % Change
NPFMCRFBK 2.49 2.25 -0.24 -9.64
LEARNAFRCA 1.86 1.69 -0.17 -9.14
MULTIVERSE 0.23 0.21 -0.02 -8.70
RTBRISCOE 0.60 0.56 -0.04 -6.67
NASCON 12.90 12.20 -0.70 -5.43
HONYFLOUR 3.55 3.38 -0.17 -4.79
CORNERST 0.63 0.60 -0.03 -4.76

Top 7 Traders By Volume

Security Close Price Trades  Daily Volume   Daily Value 
FIDELITYBK 3.43 249          67,434,403    230,584,427.74
TRANSCORP 1 219          40,889,402      41,390,334.59
WAPIC 0.4 180          18,317,554         7,373,008.23
GTCO 22.35 437          15,274,304    341,232,841.75
ACCESSCORP 9.75 169          14,484,497    141,311,161.40
ZENITHBANK 22.75 401          12,070,787    275,017,223.45
NGXGROUP 23.95 78             8,188,802    195,098,798.25

Top 7 Traders By Value

Security Close Price Trades  Daily Volume   Daily Value 
GTCO 22.35 437          15,274,304    341,232,841.75
SEPLAT 950 19                305,070    289,119,596.60
ZENITHBANK 22.75 401          12,070,787    275,017,223.45
MTNN 212 262             1,261,008    265,604,075.70
FIDELITYBK 3.43 249          67,434,403    230,584,427.74
NGXGROUP 23.95 78             8,188,802    195,098,798.25
ACCESSCORP 9.75 169          14,484,497    141,311,161.40

 

OUTLOOK

The equity market regains momentum after today’s trading activity, as bargain hunting was seen in some recently depreciated stocks. However, major swings are not expected in the market just yet as investors continue to trade cautiously, as the global inflation crisis seems to be looming.

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