The Nigerian Equity Market Recedes further by 0.06%, Sustains Bearish Sentiment

The Nigeria Equity Market closed for today, Wednesday (06/07/2022) flat, as the NGX-ASI decreased by 0.06% to 51,556.54 from 51,586.5, indicating a YTD return of +20.69%. Similarly, the market capitalization declined by N16.15billion to N27.79trillion from N27.81trillion. The market turnover decreased to N1.44 billion from  N2.57 billion. The market breadth was positive at 1.06x, as 17 stocks advanced and 16 stocks declined, while 65 remained unchanged. ACADEMY topped the gainers’ list with +9.79%, while NEM dropped by -10% 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: NEM(-10.00%), CHAMPION(-10.00%), UBN(-9.76%), RTBRISCOE(-7.50%), INTBREW(-5.26%), PRESTIGE(-5.00%), VERITASKAP(-4.76%),JAIZBANK(-3.57%), CORNERST(-2.67%), FIDELITYBK(-1.22%), OANDO(-0.91%), GTCO(-0.73%) and  NGXGRP(-0.44%).

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MARKET STATISTICS

CAP N27,794,673,410,797.25 One Day (ASI CHG) -0.06%
Index 51,556.54 One Week (ASI CHG) -0.47%
Volume 135,258,629.00 One Month (ASI CHG) -2.88%
Value N1,438,627,265.03 Six Months (ASI CHG) +18.23%
Deals 3,745 52 Weeks (ASI CHG) +34.20%
Gainers 17 Losers 16
Unchanged 65 Total 98
  YTD Returns +20.69%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -0.06
NGX30 -0.09
NGXBNK -0.60
NGXCNSMRGDS -0.03
NGXINDUSTR 0.00
NGXINS -1.36
NGXLOTUSISLM 0.06
NGXOILGAS -0.16

Top 7 Gainers

Security Previous  Close Price Change Price % change 
ACADEMY 1.43 1.57 0.14 9.79
CHIPLC 0.69 0.75 0.06 8.70
JAPAULGOLD 0.27 0.29 0.02 7.41
UPDCREIT 3.45 3.60 0.15 4.35
CHAMS 0.24 0.25 0.01 4.17
WEMABANK 3.30 3.40 0.10 3.03
UPDC 1.24 1.27 0.03 2.42

Top 7 Losers

Security Previous  Close Price Change Price % change 
NEM 3.80 3.42 -0.38 -10.00
CHAMPION 4.00 3.60 -0.40 -10.00
UBN 6.15 5.55 -0.60 -9.76
UPL 2.58 2.35 -0.23 -8.91
RTBRISCOE 0.40 0.37 -0.03 -7.50
INTBREW 5.70 5.40 -0.30 -5.26
PRESTIGE 0.40 0.38 -0.02 -5.00

Top 7 Traders By Volume

Security Close Price Trades    Daily Volume      Daily Value
TRANSCORP 1.25 60    15,551,438      19,586,182
GTCO 20.30 413    13,110,865    267,085,162
UPDC 1.27 91    11,966,541      14,617,039
UBA 7.50 141    10,554,000      78,916,507
CHAMS 0.25 33      7,825,406         1,941,614
STERLNBANK 1.52 70      7,330,230      10,957,746
ZENITHBANK 21.75 344      7,215,240    156,977,390

Top 7 Traders By Value

Security Close Price  Trades  Daily Volume       Daily Value 
GTCO 20.30 413    13,110,865    267,085,162
AIRTELAFRI 1732.20 28          121,587    210,978,851
ZENITHBANK 21.75 344      7,215,240    156,977,390
MTNN 230.30 212          362,228      83,016,593
UBA 7.50 141    10,554,000      78,916,507
DANGCEM 275.00 71          296,951      78,237,721
SEPLAT 1300.50 17            51,880      68,376,613

 

OUTLOOK

Stock  market closed transactions for today flat, as bargain hunting and indecisiveness  continues to trail the market. We expect cautious trading to continue throughout the week.

 

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