Equity Market Halt Three Days’ Positive Sentiment, Sheds 0.14%

The Nigeria Equity Market closed for today, Wednesday (08/06/2022) negative, as the NGX-ASI decreased by 0.14% to 53,193.98  from 53,270.88, indicating a YTD return of +24.53%. Similarly, the market capitalization decreased by N41.46 billion to N28.68trillion from  N28.72 trillion. The market turnover decreased to N1.86billion from N2.75 billion. The market breadth was negative at 0.89x, as 16 stocks advanced and 18 stocks declined, while 77 remained unchanged. CAVERTON topped the gainers’ list with 7.34%, while CHAMPION dropped by -9.79% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume of trades for the day. 

Stocks whose share prices lost during intra-day trading include: CHAMPION (-9.79%), CORNERST(-9.68%), ETRANZACT(-9.67%), NEM(-8.33%), JAPAULGOLD(-6.25%), COURTVILLE(-5.56%), FBNH(-5.50%), JAIZBANK(-5.26%), UNITYBNK(-4.08%), FIDELITYBK(-3.51%), ROYALEX(-3.09%), ETI (-2.18%), ACCESSCORP(-1.51%), STANBIC(-1.47%), and UBA(-0.64%). 

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MARKET STATISTICS

CAP N28,677,406,659,957.70 One Day (ASI CHG) -0.14%
Index 53,193.98 One Week (ASI CHG) +0.41%
Volume 248,958,637 One Month (ASI CHG) +4.43%
Value N1,861,328,267.00 Six Months (ASI CHG) +25.35%
Deals 4,265 52 Weeks (ASI CHG) +36.81%
Gainers 16 Losers 18
Unchanged 77 Total 111
  YTD Returns +24.53%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security    Change Percent
ASI -0.14
NGX30 -0.07
NGXBNK -0.86
NGXCNSMRGDS 0.13
NGXINDUSTR 0.03
NGXINS -1.76
NGXLOTUSISLM 0.00
NGXOILGAS 0.00

Top 7 Gainers

Security Previous  Close Price Change Price % change
CAVERTON 1.09 1.17 0.08 7.34
FTNCOCOA 0.34 0.36 0.02 5.88
TRANSCORP 1.23 1.30 0.07 5.69
CUTIX 2.61 2.74 0.13 4.98
LINKASSURE 0.54 0.56 0.02 3.70
PZ 12.60 13.00 0.40 3.17
UNILEVER 14.50 14.90 0.40 2.76

Top 7 Losers

Security Previous  Close Price Change Price % change
CHAMPION 3.88 3.50 -0.38 -9.79
CORNERST 0.62 0.56 -0.06 -9.68
ETRANZACT 3.00 2.71 -0.29 -9.67
NEM 4.20 3.85 -0.35 -8.33
JAPAULGOLD 0.32 0.30 -0.02 -6.25
COURTVILLE 0.54 0.51 -0.03 -5.56
FBNH 10.90 10.30 -0.60 -5.50

Top 7 Traders By Volume

Security Close Price  Trades Daily Volume Daily Value
TRANSCORP 1.30 157   103,558,100   131,251,122
FIDELITYBK 3.30 185     24,809,593     80,206,317
FBNH 10.30 304     12,517,801   130,626,628
JAPAULGOLD 0.30 40     10,348,812        3,120,277
CHAMS 0.25 20        7,811,790        1,877,066
UBA 7.80 162        6,953,437     54,348,351
ACCESSCORP 9.80 143        6,130,243     60,342,647

Top 7 Traders By Value

Security Close Price  Trades  Daily Volume   Daily Value 
PRESCO 162.00 112        1,293,508   212,065,830
TRANSCORP 1.30 157   103,558,100   131,251,122
FBNH 10.30 304     12,517,801   130,626,628
NGXGROUP 25.00 51        5,224,825   130,318,077
MTNN 240.00 253           517,532   123,999,166
ZENITHBANK 23.40 254        4,576,719   106,905,916
FLOURMILL 35.00 72        2,966,881   103,845,450

 

OUTLOOK

Transactions ended on a negative note,reversing the three days’ gaining spree. We expect cautious trading and profit taking to continue.

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