The Nigeria Equity Market closed for today, Thursday (16/06/2022) negative, as the NGX-ASI declined by 0.69% to 52,411.09 from 52,775.40, indicating a YTD return of +22.70%. Similarly, the market capitalization decreased by N196.40 billion to N28.26 trillion from N28.45 trillion. The market turnover increased to N2.37 billion from N2.36 billion. The market breadth was negative at 0.55x, as 12 stocks advanced and 22 stocks declined, while 71 remained unchanged. LINKASSURE topped the gainers’ list with 9.80%, while CONOIL dropped by -10.00% to lead the losers’ chart. Also, STERLNBANK recorded the highest volume of trades for the day.
Stocks whose share prices lost during intra-day trading include: CONOIL (-10.00%), BUAFOODS (-9.97%), ETERNA (-6.25%), CUTIX (-4.94%), MANSARD (-4.23%), LIVESTOCK (-3.29%), NGXGROUP (-3.03%), UACN (-2.26%), OANDO (-2.23%), ACADEMY (-1.52%), ZENITHBANK (-1.35%), AIRTELAFRI (-1.19%), WEMABANK (-0.94%), GLAXOSMITH (-0.70%), GTCO (-0.69%), UBA (-0.66%), FIDELITYBK (-0.61%), and UPL (-0.34%)
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MARKET STATISTICS
| CAP | N28,255,327,934,064.36 | One Day (ASI CHG) | -0.69% |
| Index | 52,411.09 | One Week (ASI CHG) | -1.43% |
| Volume | 211,614,490 | One Month (ASI CHG) | -1.01% |
| Value | N2,365,325,699.04 | Six Months (ASI CHG) | +23.99% |
| Deals | 4,750 | 52 Weeks (ASI CHG) | +35.90% |
| Gainers | 12 | Losers | 22 |
| Unchanged | 71 | Total | 105 |
| YTD Returns | +22.70% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.69 |
| NGX30 | 0.01 |
| NGXBNK | -0.62 |
| NGXCNSMRGDS | 0.01 |
| NGXINDUSTR | -0.01 |
| NGXINS | -0.28 |
| NGXLOTUSISLM | 0.00 |
| NGXOILGAS | -0.83 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| LINKASSURE | 0.51 | 0.51 | 0.56 | 0.05 | 9.80 |
| COURTVILLE | 0.50 | 0.50 | 0.54 | 0.04 | 8.00 |
| JAPAULGOLD | 0.29 | 0.29 | 0.31 | 0.02 | 6.90 |
| CHAMS | 0.24 | 0.24 | 0.25 | 0.01 | 4.17 |
| UPDC | 0.98 | 0.98 | 1.02 | 0.04 | 4.08 |
| FBNH | 9.90 | 9.90 | 10.25 | 0.35 | 3.54 |
| ROYALEX | 0.89 | 0.89 | 0.91 | 0.02 | 2.25 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| CONOIL | 32.00 | 32.00 | 28.80 | -3.20 | -10.00 |
| BUAFOODS | 59.70 | 59.70 | 53.75 | -5.95 | -9.97 |
| ETRANZACT | 2.71 | 2.71 | 2.44 | -0.27 | -9.96 |
| CWG | 1.04 | 1.04 | 0.94 | -0.10 | -9.62 |
| ETERNA | 8.00 | 8.00 | 7.50 | -0.50 | -6.25 |
| CUTIX | 2.63 | 2.63 | 2.50 | -0.13 | -4.94 |
| MANSARD | 2.13 | 2.13 | 2.04 | -0.09 | -4.23 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| STERLNBANK | 1.56 | 204 | 63,661,922 | 97,448,825.34 |
| ZENITHBANK | 21.95 | 581 | 17,335,356 | 382,567,451.20 |
| UBA | 7.55 | 230 | 17,333,286 | 131,851,679.60 |
| TRANSCORP | 1.29 | 79 | 16,173,445 | 21,034,575.95 |
| FBNH | 10.25 | 255 | 10,294,627 | 101,015,370.85 |
| GTCO | 21.5 | 397 | 9,642,044 | 208,875,150.50 |
| FCMB | 3.5 | 37 | 8,373,720 | 29,198,076.50 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| ZENITHBANK | 21.95 | 581 | 17,335,356 | 382,567,451.20 |
| AIRTELAFRI | 1745 | 23 | 196,025 | 342,072,697.80 |
| MTNN | 234.2 | 318 | 1,406,350 | 322,707,981.60 |
| GTCO | 21.5 | 397 | 9,642,044 | 208,875,150.50 |
| FLOURMILL | 35 | 88 | 5,500,482 | 192,272,365.50 |
| UBA | 7.55 | 230 | 17,333,286 | 131,851,679.60 |
| FBNH | 10.25 | 255 | 10,294,627 | 101,015,370.85 |
OUTLOOK
The Nigerian Equity market closed bearish, as the Federal reserves raised its benchmark interest rates by 0.75%, its most aggressive hike since 1994. We expect cautious trading and profit taking to continue tomorrow in the domestic market.
