Local Bourse Surges by 1.99%, as Investors Bargain Hunting Persists

Trading activities on the equity market for today Wednesday (11/05/2022) closed positive, as the NGX-ASI increased by 1.99%  to 52,838.45 from 51,805.41, indicating a YTD return of +23.70%. Similarly, the market capitalization grew by N556.93billion to N28.49 trillion from  N27.93 trillion. The market turnover rose to N7.33billion from N4.91billion. The market breadth closed positive at 1.52x, as 41 stocks advanced against 27 stocks that declined, while 45 stocks remained unchanged. The share prices of OKOMUOIL and CWG gained 10% to top the gainers’ list, while BUAFOODS and IKEJAHOTEL declined by -10% to lead the losers’ chart. Also, JAIZBANK recorded the highest volume of trades for the day. 

Stocks whose share prices gained during intra-day trading include: OKOMUOIL(+10.00%), CWG(+10.00%), CHAMPION (+9.93%), INTBREW (+9.88%), TRANSCOHOT(+9.88%), LINKASSURE(+9.52%), MTNN(+9.21%), AIICO (+5.33%), FLOURMILL(+4.93%), CADBURY(+3.98%), DANGSUGAR(+2.72%), DANGCEM(+2.60%), NB(+2.60%), OANDO (+1.94%), GLAXOSMITH (+1.60%), IKEJAHOTEL (+1.56%), GTCO (+0.84%), WEMABANK, (+0.55%) and ZENITHBANK(+0.21%).

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MARKET STATISTICS

CAP N27,981,159,235,265.51 One Day (ASI CHG) +1.99%
Index 52,838.45 One Week (ASI CHG) +5.41%
Volume 417,386,362.00 One Month (ASI CHG) +12.74%
Value N7,331,203,466.87 Six Months (ASI CHG) +21.16%
Deals 7,255 52 Weeks (ASI CHG) +34.17%
Gainers 41 Losers 27
Unchanged 45 Total 113
  YTD Returns +23.70%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI 1.99
NGX30 2.94
NGXBNK 0.03
NGXCNSMRGDS 1.48
NGXINDUSTR 1.41
NGXINS 0.94
NGXLOTUSISLM 4.10
NGXOILGAS 0.10

Top 7 Gainers

Security Previous  Close  Change  % change
CWG 0.90 0.99 0.09 10.00
OKOMUOIL 187.00 205.70 18.70 10.00
CHAMPION 4.03 4.43 0.40 9.93
IMG 8.60 9.45 0.85 9.88
INTBREW 8.10 8.90 0.80 9.88
TRANSCOHOT 4.05 4.45 0.40 9.88
LINKASSURE 0.63 0.69 0.06 9.52

Top 7 Losers

Security Previous  Close  Change  % change
BUAFOODS 63.00 56.70 -6.30 -10.00
IKEJAHOTEL 1.30 1.17 -0.13 -10.00
ETERNA 7.26 6.54 -0.72 -9.92
NNFM 10.00 9.05 -0.95 -9.50
RTBRISCOE 0.69 0.63 -0.06 -8.70
UNILEVER 15.30 14.00 -1.30 -8.50
SOVRENINS 0.28 0.26 -0.02 -7.14

Top 7 Traders By Volume

Security Close   Trades Daily Volume Daily Value
JAIZBANK 0.90 81 40438849 34916463.1
TRANSCORP 1.21 159 35367091 42616840.15
INTBREW 8.90 184 25353836 224911340.4
UNILEVER 14.00 174 24639798 362615524.6
FIDELITYBK 3.52 137 20990588 74126637.9
GTCO 23.95 372 18863297 450773252.7
ZENITHBANK 24.30 346 16207162 393267604.3

Top 7 Traders By Value

Security Close   Trades Daily Volume Daily Value
MTNN 262.10 597 4920472    1,293,698,732.60
DANGCEM 300.00 192 3795121    1,134,121,293.10
GTCO 23.95 372 18863297        450,773,252.65
PRESCO 185.00 215 2252919        405,222,921.55
ZENITHBANK 24.30 346 16207162        393,267,604.30
WAPCO 28.90 273 13053260        374,453,657.60
UNILEVER 14.00 174 24639798        362,615,524.55

 

OUTLOOK

Equity market continues with the bullish run. We expect that this trend will be maintained this week.

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