Increased Buying in the Consumer goods and Industrial Sector Holds Equity Market in the Green

Trading activities on the equity market for today Wednesday (27/04/2022) closed positive, as the NGX-ASI increased by 0.01% to 48,571.75 from 48,568.57, indicating a YTD return of +13.71%. Similarly, the market capitalization grew by N1.72 billion to N26.19 trillion from N26.18 trillion. The market turnover declined to N2.32bn from N7.01bn. The market breadth closed negative at 0.78x, as 18 stocks advanced against 23 stocks that declined, while 70 stocks remained unchanged. The share prices of ACADEMY gained 9.92% to top the gainers’ list, while IKEJAHOTEL declined by -9.68% to lead the losers’ chart. Also, MULTIVERSE recorded the highest volume of trades for the day. 

Stocks whose share prices gained during intra-day trading include:  ACADEMY (+9.92%), WEMABANK (+9.88%), CADBURY (+9.68%), UPDC (+9.09%), PRESCO (+8.98%), GUINNESS (+7.54%), CAVERTON (+5.26%), VITAFOAM (+4.50%), CUTIX (+4.35%), FIDSON (+4.33%), NEIMETH (+4.03%), DANGSUGAR (+3.13%), FLOURMILL (+1.69%), MANSARD (+1.57%), UBA (+1.23%), BUACEMENT (+0.96%), ABBEYBDS (+0.93%),  and STANBIC (+0.71%).

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MARKET STATISTICS

CAP N26,185,527,925,535.12 One Day (ASI CHG) +0.01%
Index 48,571.75 One Week (ASI CHG) +0.90%
Volume 246,703,657 One Month (ASI CHG) +3.42%
Value N2,320,770,120.59 Six Months (ASI CHG) +16.23%
Deals 5,033 52 Weeks (ASI CHG) +23.58%
Gainers 18 Losers 23
Unchanged 70 Total 111
  YTD Returns +13.71%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI 0.01
NGX30 -0.03
NGXBNK -1.46
NGXCNSMRGDS 0.68
NGXINDUSTR 0.37
NGXINS -0.85
NGXLOTUSISLM 0.45
NGXOILGAS -0.72

Top 7 Gainers

Security Previous Close Close Price Change Price % Change
ACADEMY 1.21 1.33 0.12 9.92
WEMABANK 3.34 3.67 0.33 9.88
CADBURY 7.75 8.50 0.75 9.68
UPDC 0.88 0.96 0.08 9.09
PRESCO 132.00 143.85 11.85 8.98
GUINNESS 82.25 88.45 6.20 7.54
CAVERTON 1.14 1.20 0.06 5.26

Top 7 Losers

Security Previous Close Close Price Change Price % Change
IKEJAHOTEL 1.55 1.40 -0.15 -9.68
LIVESTOCK 1.79 1.62 -0.17 -9.50
CHIPLC 0.64 0.58 -0.06 -9.38
UBN 6.40 6.00 -0.40 -6.25
CORNERST 0.66 0.62 -0.04 -6.06
REGALINS 0.33 0.31 -0.02 -6.06
MULTIVERSE 0.21 0.20 -0.01 -4.76

Top 7 Traders By Volume

Security Close Price Trades  Daily Volume   Daily Value 
MULTIVERSE 0.2 38          36,237,453         7,284,830.10
TRANSCORP 1.15 170          26,059,064      29,936,458.37
WAPCO 27 275          14,533,149    392,652,251.20
FIDELITYBK 3.75 213          12,562,498      46,673,198.81
GTCO 23.95 396          12,290,704    294,291,309.00
OANDO 6 238          11,061,920      66,643,369.25
UBA 8.2 184          10,125,390      82,385,403.35

Top 7 Traders By Value

Security Close Price Trades  Daily Volume   Daily Value 
WAPCO 27 275          14,533,149    392,652,251.20
GTCO 23.95 396          12,290,704    294,291,309.00
ZENITHBANK 24.15 389             9,288,624    225,034,803.15
NB 57.05 212             3,204,897    182,280,483.05
NESTLE 1395 45                   94,908    128,123,148.70
PRESCO 143.85 85                861,430    119,988,739.30
STANBIC 35.5 34             2,921,612    103,654,422.75

 

OUTLOOK

The market closed positive, as investors increased buying interest in the Consumer goods and Industrial sectors extends market bullish run to six successive trading days. We expect positive sentiments to persist, as investors take positions, as companies’ Q1 2022 financial result rolls out..

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