Trading on the Nigerian equity market today (Wednesday 13/04/2022) closed positive maintaining a four-day bullish trend. The NGX-ASI gained 0.34% to close at 47367.31 from 47,205.03 indicating a YTD return of +10.89%. Similarly, the market capitalization also increased to N25.54 trillion from N25.45 trillion. The market turnover rose to N9.95bn from N4.58bn . The market breadth closed positive at 1.94x, as 31 stocks advanced against 16 stocks that declined, while 60 stocks remained unchanged. The share prices of MEYER gained 9.56% to top the gainers’ list, while SUNUASSUR declined by -7.69% 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: MEYER (+9.56%), IKEJAHOTEL(+9.24%), CAVERTON(+6.78%), UBN(+6.56%), FTNCOCOA(+6.45%), JAPAULGOLD(+6.45%), OKOMUOIL(+5.63%), GTCO(+3.17%), UBA(+2.50%), FBNH(+2.20%), FLOURMILL(+1.64%), AIICO(+1.52%), FIDELITYBANK(+1.35%), NEIMETH(+1.28%), NB(+0.92%), MTNN(+0.90%), HONYFLOUR(+0.56%) and OANDO(+0.21%).
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MARKET STATISTICS
| CAP | N25,536,199,367,122.61 | One Day (ASI CHG) | +0.34% |
| Index | 47,367.31 | One Week (ASI CHG) | +1.29% |
| Volume | 391,889,051.00 | One Month (ASI CHG) | -0.15% |
| Value | N9,951,568,102.23 | Six Months (ASI CHG) | +15.39% |
| Deals | 5,419.00 | 52 Weeks (ASI CHG) | +22.71% |
| Gainers | 31 | Losers | 16 |
| Unchanged | 60 | Total | 107 |
| YTD Returns | +10.89% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.34 |
| NGX30 | 0.43 |
| NGXBNK | 0.56 |
| NGXCNSMRGDS | 0.03 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.18 |
| NGXLOTUSISLM | 0.43 |
| NGXOILGAS | 0.03 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % change |
| MEYER | 1.36 | 1.49 | 0.13 | 9.56 |
| IKEJAHOTEL | 1.19 | 1.30 | 0.11 | 9.24 |
| CAVERTON | 1.18 | 1.26 | 0.08 | 6.78 |
| UBN | 6.10 | 6.50 | 0.40 | 6.56 |
| FTNCOCOA | 0.31 | 0.33 | 0.02 | 6.45 |
| JAPAULGOLD | 0.31 | 0.33 | 0.02 | 6.45 |
| OKOMUOIL | 142.00 | 150.00 | 8.00 | 5.63 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % change |
| SUNUASSUR | 0.39 | 0.36 | -0.03 | -7.69 |
| STERLNBANK | 1.50 | 1.41 | -0.09 | -6.00 |
| UNILEVER | 13.30 | 12.70 | -0.60 | -4.51 |
| WAPIC | 0.45 | 0.43 | -0.02 | -4.44 |
| UCAP | 13.85 | 13.30 | -0.55 | -3.97 |
| SOVRENINS | 0.26 | 0.25 | -0.01 | -3.85 |
| REDSTAREX | 3.15 | 3.05 | -0.10 | -3.17 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| GTCO | 24.40 | 809 | 65,886,371.00 | 1,617,208,651.20 |
| ZENITHBANK | 25.10 | 525 | 43,914,626.00 | 1,101,838,813.65 |
| UBA | 8.20 | 228 | 28,917,459.00 | 235,707,353.20 |
| FIDELITYBK | 3.75 | 239 | 28,500,294.00 | 106,478,597.12 |
| MTNN | 213.00 | 328 | 22,751,314.00 | 4,827,707,591.40 |
| LINKASSURE | 0.49 | 22 | 22,036,950.00 | 10,071,995.98 |
| UCAP | 13.30 | 378 | 20,016,571.00 | 275,264,026.45 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| MTNN | 213.00 | 328 | 22,751,314.00 | 4,827,707,591.40 |
| GTCO | 24.40 | 809 | 65,886,371.00 | 1,617,208,651.20 |
| ZENITHBANK | 25.10 | 525 | 43,914,626.00 | 1,101,838,813.65 |
| NB | 43.75 | 94 | 11,070,158.00 | 449,919,243.50 |
| UCAP | 13.30 | 378 | 20,016,571.00 | 275,264,026.45 |
| UBA | 8.20 | 228 | 28,917,459.00 | 235,707,353.20 |
| NGXGROUP | 24.00 | 44 | 7,632,860.00 | 182,465,231.80 |
OUTLOOK
Equity market continued its bullish trend as bargain hunting in large and medium capitalized stocks prevailed. We expect this bargain hunting to propel the market’s positive sentiment for the rest of the week.
