The Nigeria Equity Market closed today, Friday (03/06/2022), positive as the NGX-ASI increased by 0.13% to 52,908.24 from 52,840.21, indicating a YTD return of +23.86%. Similarly, the market capitalization increased by N36.71billion to N28.52trillion from N28.49trillion. The market turnover decreased to N3.37billion from N4.03billion. The market breadth was positive at 1.38x, as 22 stocks advanced and 16 stocks declined, while 72 remained unchanged. NEM tops the gainers’ list with 9.95%, while UPDCREIT dropped by -9.33% to lead the losers’ chart. Also, UACN recorded the highest volume of trades for the day.
Stocks whose share prices lost during intra-day trading include: NEM(+9.95%), CHAMPION(+8.06%), NB(+7.06%), ETERNA(+6.65%), LEARNAFRICA(+6.34%), ROYALEX(+5.56%), HONYFLOUR(+4.76%), OANDO(+3.51%), UNILEVER(+2.75%), FIDELITYBNK(+2.48%), ZENITHBANK(+1.96%), STANBIC(+1.49%), BERGER(+0.74%), ACCESSCORP(+0.51%), and NNFM(+0.47%),
A total turnover of 1.40 billion shares worth N17.70 billion in 23,588 deals was traded by investors this week, in contrast to a total of 1.84 billion shares worth N27.29 billion in 27,273 deals.
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MARKET STATISTICS
| CAP | N28,523,363,861,352.19 | One Day (ASI CHG) | +0.13% |
| Index | 52,908.24 | One Week (ASI CHG) | -2.18% |
| Volume | 282,969,514.00 | One Month (ASI CHG) | +6.59% |
| Value | N3,371,652,229.46 | Six Months (ASI CHG) | +25.47% |
| Deals | 4,245.00 | 52 Weeks (ASI CHG) | +37.25% |
| Gainers | 22 | Losers | 16 |
| Unchanged | 72 | Total | 120 |
| YTD Returns | +23.86% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.18 |
| NGX30 | 0.24 |
| NGXBNK | 0.95 |
| NGXCNSMRGDS | 1.05 |
| NGXINDUSTR | -0.01 |
| NGXINS | 1.41 |
| NGXLOTUSISLM | -0.09 |
| NGXOILGAS | 0.53 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| NEM | 3.82 | 3.82 | 4.20 | 0.38 | 9.95 |
| CHAMS | 0.22 | 0.22 | 0.24 | 0.02 | 9.09 |
| CHAMPION | 3.60 | 3.60 | 3.89 | 0.29 | 8.06 |
| NB | 59.50 | 59.50 | 63.70 | 4.20 | 7.06 |
| ETERNA | 7.22 | 7.22 | 7.70 | 0.48 | 6.65 |
| LEARNAFRCA | 2.05 | 2.05 | 2.18 | 0.13 | 6.34 |
| ROYALEX | 0.90 | 0.90 | 0.95 | 0.05 | 5.56 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| UPDCREIT | 3.75 | 3.75 | 3.40 | -0.35 | -9.33 |
| WAPIC | 0.44 | 0.44 | 0.42 | -0.02 | -4.55 |
| UACN | 11.50 | 11.50 | 11.00 | -0.50 | -4.35 |
| CAVERTON | 1.19 | 1.19 | 1.15 | -0.04 | -3.36 |
| INTBREW | 7.50 | 7.50 | 7.25 | -0.25 | -3.33 |
| DANGSUGAR | 16.50 | 16.50 | 16.00 | -0.50 | -3.03 |
| LASACO | 1.08 | 1.08 | 1.05 | -0.03 | -2.78 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| UACN | 11.00 | 88 | 73,893,917 | 812,897,326.55 |
| FBNH | 11.00 | 217 | 53,133,659 | 596,756,056.15 |
| TRANSCORP | 1.27 | 128 | 43,907,514 | 56,356,299.62 |
| UPDCREIT | 3.40 | 55 | 12,419,680 | 43,376,399.20 |
| ZENITHBANK | 23.45 | 296 | 9,761,574 | 228,471,292.50 |
| GTCO | 22.55 | 294 | 9,059,518 | 204,303,295.10 |
| ACCESSCORP | 9.95 | 118 | 6,218,286 | 61,672,274.05 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| UACN | 11.00 | 88 | 73,893,917 | 812,897,326.55 |
| FBNH | 11.00 | 217 | 53,133,659 | 596,756,056.15 |
| MTNN | 230.00 | 295 | 1,781,380 | 409,670,646.00 |
| ZENITHBANK | 23.45 | 296 | 9,761,574 | 228,471,292.50 |
| GTCO | 22.55 | 294 | 9,059,518 | 204,303,295.10 |
| FLOURMILL | 35.15 | 110 | 4,116,879 | 144,824,581.60 |
| NB | 63.70 | 105 | 2,040,593 | 124,783,209.95 |
OUTLOOK
Transaction on the equity market for the week closed negative as sell-off dominated the market. This we believe was dueto diversification of investors’ interests to the fixed income market. We expect fixed income rates to continue to be appealing to investors in the near term.
