Trading on the Nigerian equity market today (Tuesday 12/04/2022) closed positive maintaining a three-day bullish trend. The NGX-ASI gained 0.72% to close at 47,205.03 from 46,867.95 indicating a YTD return of +10.51%. Similarly, the market capitalization also increased to N25.27 trillion from N25.14 trillion. The market turnover rose to N4.58 bn from N3.82bn. The market breadth closed positive at 2.46x, as 32 stocks advanced against 13 stocks that declined, while 64 stocks remained unchanged. The share prices of CAP gained 10% to top the gainers’ list, while ACADEMY declined by -10.00% to lead the losers’ chart. Also, GTCO recorded the highest volume of trades for the day.
Stocks whose share prices gained during intra-day trading include: CAP (+10.00%), NEIMETH (+9.86%), BERGER (+9.68%), METYER (+9.68%), LEARNAFRCA (+9.52%), NB (+7.84%), DANGSUGAR (+7.44%), UPDCREIT (+7.58%), FCMB (+7.35%), ZENITHBANK (+5.83%), REDSTAREX (+5.00%), WAPIC (+4.65%), HONYFLOUR (+4.07%), ACCESSCORP (+4.00%), VITAFOAM (+3.89%), NAHCO (+3.64%), GTCO (+3.05%), LIVESTOCK(+3.03%) and SEPLAT (+2.60%)
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MARKET STATISTICS
| CAP | N25,266,989,510,271.10 | One Day (ASI CHG) | +0.72% |
| Index | 47,205.03 | One Week (ASI CHG) | +0.91% |
| Volume | 245,422,059 | One Month (ASI CHG) | -0.49% |
| Value | N4,580,245,134.88 | Six Months (ASI CHG) | +15.42% |
| Deals | 5,832 | 52 Weeks (ASI CHG) | +20.59% |
| Gainers | 32 | Losers | 13 |
| Unchanged | 64 | Total | 109 |
| YTD Returns | +10.51% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.72 |
| NGX30 | 1.04 |
| NGXBNK | 2.77 |
| NGXCNSMRGDS | 1.94 |
| NGXINDUSTR | 0.1 |
| NGXINS | -1.35 |
| NGXLOTUSISLM | 0.7 |
| NGXOILGAS | 1.71 |
Top 7 Gainers
| Security | Open Price | Close Price | Change Price | %Change |
| CAP | 18 | 19.8 | 1.8 | 10.00 |
| NEIMETH | 1.42 | 1.56 | 0.14 | 9.86 |
| BERGER | 6.2 | 6.8 | 0.6 | 9.68 |
| MEYER | 1.24 | 1.36 | 0.12 | 9.68 |
| LEARNAFRCA | 1.89 | 2.07 | 0.18 | 9.52 |
| NB | 40.20 | 43.35 | 3.15 | 7.84 |
| DANGSUGAR | 15.5 | 16.7 | 1.2 | 7.74 |
Top 7 Losers
| Security | Open Price | Close Price | Change Price | %Change |
| ACADEMY | 1.6 | 1.44 | -0.16 | -10.00 |
| CAVERTON | 1.31 | 1.18 | -0.13 | -9.92 |
| ROYALEX | 1.04 | 0.94 | -0.1 | -9.62 |
| LINKASSURE | 0.53 | 0.49 | -0.04 | -7.55 |
| PRESTIGE | 0.43 | 0.4 | -0.03 | -6.98 |
| REGALINS | 0.37 | 0.35 | -0.02 | -5.41 |
| CHAMS | 0.21 | 0.2 | -0.01 | -4.76 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| GTCO | 23.65 | 737 | 39,093,184 | 908,924,998.10 |
| ZENITHBANK | 25.4 | 665 | 27,207,626 | 674,265,957.75 |
| NB | 43.35 | 131 | 15,500,127 | 622,916,784.55 |
| FIDELITYBK | 3.7 | 184 | 10,992,747 | 40,840,029.89 |
| LINKASSURE | 0.49 | 15 | 10,826,260 | 5,419,799.90 |
| CAVERTON | 1.18 | 83 | 9,986,250 | 11,993,903.57 |
| UBA | 8 | 211 | 9,908,251 | 78,714,367.25 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| SEPLAT | 985 | 51 | 999,416 | 984,837,350.20 |
| GTCO | 23.65 | 737 | 39,093,184 | 908,924,998.10 |
| ZENITHBANK | 25.4 | 665 | 27,207,626 | 674,265,957.75 |
| NB | 43.35 | 131 | 15,500,127 | 622,916,784.55 |
| MTNN | 211.1 | 346 | 1,706,881 | 360,786,674.50 |
| NGXGROUP | 24 | 49 | 4,278,316 | 102,426,900.00 |
| UCAP | 13.85 | 167 | 6,185,338 | 85,627,082.40 |
OUTLOOK
The stock market maintained its bullish trend as bargain hunting in large and medium capitalized stocks prevailed. We expect bargain hunting to drive the market’s positive run for the rest of the week.
