The Nigeria Equity Market closed for today, Friday (08/07/2022) flat, as the NGX-ASI declined marginally by 0.01% to 51,557.41 from 51,563.73 indicating a YTD return of +20.70%. Similarly, the market capitalization dropped by N3.41billion to N27.80 trillion from N27.81 trillion. The market turnover increased to N1.78 billion from N1.76 billion. The market breadth was positive at 1.08x, as 13 stocks advanced and 12 stocks declined, while 74 remained unchanged. CAVERTON topped the gainers’ list with +9.91%, while NACHO dropped by -7.31% to lead the losers’ chart. Also, GTCO recorded the highest volume of trades for the day.
Stocks whose share prices gained during intra-day trading include: NAHCO (-7.31%), CORNERST (-5.48%), JAPAULGOLD (-3.57%), TRANSCORP (-3.13%), ACCESSCORP (-2.06%), ETERNA (-1.41%), UCAP (-1.18%), NGXGROUP (-1.12%) and WAPCO (-0.76%).
Click here for more on the price list
MARKET STATISTICS
| CAP | N27,803,243,462,856.06 | One Day (ASI CHG) | -0.01% |
| Index | 51,557.41 | One Week (ASI CHG) | -0.53% |
| Volume | 115,130,478 | One Month (ASI CHG) | -3.08% |
| Value | N1,778,807,656.14 | Six Months (ASI CHG) | +17.56% |
| Deals | 3,479 | 52 Weeks (ASI CHG) |
+34.02% |
| Gainers | 13 | Losers | 12 |
| Unchanged | 74 | Total | 99 |
| YTD Returns | +20.70% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.01 |
| NGX30 | -0.08 |
| NGXBNK | 0.15 |
| NGXCNSMRGDS | 0.00 |
| NGXINDUSTR | -0.05 |
| NGXINS | -0.74 |
| NGXLOTUSISLM | -0.01 |
| NGXOILGAS | 0.09 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| CAVERTON | 1.11 | 1.11 | 1.22 | 0.11 | 9.91 |
| ACADEMY | 1.72 | 1.72 | 1.89 | 0.17 | 9.88 |
| NEIMETH | 1.49 | 1.49 | 1.63 | 0.14 | 9.40 |
| COURTVILLE | 0.46 | 0.46 | 0.49 | 0.03 | 6.52 |
| UPDC | 1.17 | 1.17 | 1.24 | 0.07 | 5.98 |
| JAIZBANK | 0.84 | 0.84 | 0.89 | 0.05 | 5.95 |
| LIVESTOCK | 1.35 | 1.35 | 1.38 | 0.03 | 2.22 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| NAHCO | 9.30 | 9.30 | 8.62 | -0.68 | -7.31 |
| CORNERST | 0.73 | 0.73 | 0.69 | -0.04 | -5.48 |
| CHIPLC | 0.75 | 0.75 | 0.72 | -0.03 | -4.00 |
| JAPAULGOLD | 0.28 | 0.28 | 0.27 | -0.01 | -3.57 |
| TRANSCORP | 1.28 | 1.28 | 1.24 | -0.04 | -3.13 |
| FIDSON | 12.30 | 12.30 | 12.00 | -0.30 | -2.44 |
| ACCESSCORP | 9.70 | 9.70 | 9.50 | -0.20 | -2.06 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| GTCO | 20.4 | 425 | 17,855,137 | 364,386,832.15 |
| UBA | 7.55 | 147 | 14,332,427 | 107,787,207.95 |
| ZENITHBANK | 22 | 293 | 8,357,583 | 183,622,424.90 |
| STERLNBANK | 1.55 | 54 | 7,511,584 | 11,163,100.54 |
| ACCESSCORP | 9.5 | 117 | 6,346,511 | 60,355,699.20 |
| ACADEMY | 1.89 | 77 | 4,908,039 | 9,276,193.71 |
| OANDO | 5.49 | 116 | 4,704,507 | 25,040,983.05 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| AIRTELAFRI | 1732.2 | 26 | 304,939 | 528,221,375.10 |
| GTCO | 20.4 | 425 | 17,855,137 | 364,386,832.15 |
| ZENITHBANK | 22 | 293 | 8,357,583 | 183,622,424.90 |
| UBA | 7.55 | 147 | 14,332,427 | 107,787,207.95 |
| MTNN | 230.3 | 223 | 287,324 | 65,544,919.20 |
| DANGCEM | 275 | 46 | 232,907 | 62,848,465.00 |
| ACCESSCORP | 9.5 | 117 | 6,346,511 | 60,355,699.20 |
OUTLOOK
Equity market rounded up the week negative, as bargain hunting and indecisiveness trailed the market. We expect cautious trading to continue in the coming week.
