Bearish Sentiment Persists as Inflation Surges by 17.71%

The Nigeria Equity Market closed for today, Wednesday (15/06/2022) negative, as the NGX-ASI declined by 0.64% to 52,775.40 from 53,114.65, indicating a YTD return of +23.55%. Similarly, the market capitalization decreased by N182.91 billion to N28.45 trillion from N28.68 trillion. The market turnover decreased to N2.36 billion from N3.10 billion. The market breadth was negative at 0.42x, as 11 stocks advanced and 26 stocks declined, while 70 remained unchanged. TRIPPLEG topped the gainers’ list with 9.20%, while MEYER dropped by -10.00% to lead the losers’ chart. Also, UBA recorded the highest volume of trades for the day. 

Stocks whose share prices lost during intra-day trading include: LINKASSURE (-8.93%), UBN (-7.69%), INTBREW(-6.12%), FBNH(-5.71%), PRESTIGE (-5.00%), MBENEFIT (-4.00%), UPDC (-3.92%), REGALINS (-3.57%), TRANSCORP (-3.05%), CHAMPION (-2.85%), ACCESSCORP(-2.55%), MTNN(-2.38%), ZENITHBANK(-1.98%), HONYFLOUR(-0.95%), NGXGROUP(-0.80%), CUTIX(-0.75%), UBA-(0.65%), DANGSUGAR(-0.31%)

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MARKET STATISTICS

CAP N28,451,727,634,602.80 One Day (ASI CHG) -0.64%
Index 52,775.40 One Week (ASI CHG) -0.79%
Volume 188,092,480.00 One Month (ASI CHG) +0.61%
Value N2,363,214,634.59 Six Months (ASI CHG) +24.60%
Deals 4,890 52 Weeks (ASI CHG) +37.05%
Gainers 11 Losers 26
Unchanged 70 Total 107
  YTD Returns +23.55%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -0.64
NGX30 -0.93
NGXBNK -2.01
NGXCNSMRGDS -0.53
NGXINDUSTR 0.05
NGXINS -0.87
NGXLOTUSISLM -0.76
NGXOILGAS 0.07

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
TRIPPLEG 0.87 0.87 0.95 0.08 9.20
LEARNAFRCA 2.37 2.37 2.50 0.13 5.49
UNITYBNK 0.47 0.47 0.48 0.01 2.13
AIICO 0.64 0.64 0.65 0.01 1.56
LIVESTOCK 1.5 1.5 1.52 0.02 1.33
STANBIC 33.2 33.2 33.55 0.35 1.05
WAPCO 27.7 27.7 27.90 0.20 0.72

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
MEYER 3.1 3.1 2.79 -0.31 -10.00
LINKASSURE 0.56 0.56 0.51 -0.05 -8.93
UBN 6.5 6.5 6.00 -0.50 -7.69
INTBREW 7.35 7.35 6.90 -0.45 -6.12
FBNH 10.5 10.5 9.90 -0.60 -5.71
PRESTIGE 0.4 0.4 0.38 -0.02 -5.00
MBENEFIT 0.25 0.25 0.24 -0.01 -4.00

Top 7 Traders By Volume

Security Close Price Trades Daily Volume Daily Value
UBA 7.60 177 36,418,228 278,556,090.10
GTCO 21.65 449 24,385,963 531,295,038.85
FBNH 9.90 223 17,623,725 175,822,500.90
STERLNBANK 1.55 441 14,282,479 21,912,362.32
ZENITHBANK 22.25 520 12,843,361 286,832,358.50
FCMB 3.50 45 12,491,650 43,686,403.46
TRANSCORP 1.27 104 10,303,861 13,196,559.64

Top 7 Traders By Value

Security Close Price Trades Daily Volume Daily Value
GTCO 21.65 449 24,385,963 531,295,038.85
MTNN 234.20 326 1,401,951 327,962,816.90
ZENITHBANK 22.25 520 12,843,361 286,832,358.50
UBA 7.60 177 36,418,228 278,556,090.10
FBNH 9.90 223 17,623,725 175,822,500.90
DANGCEM 277.00 94 335,346 85,763,882.20
AIRTELAFRI 1766.00 28 46,361 81,858,946.20

 

 

OUTLOOK

Equity market closed negative, as  investors await  Fed’s decision on interest rates.  We expect cautious trading and profit taking to continue during the week.

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