Local Bourse Reacts to Interest Rate Hike, as NGX-ASI Dips by 0.23%

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The Nigeria Equity Market closed for today, Wednesday (20/07/2022) bearish, as the NGX-ASI decreased by 0.23% to 52,186.52 from 52,308.88 indicating a YTD return of +22.18%. Similarly, the market capitalization decreased by N65.98 billion to N28.14 trillion from N28.21 trillion. The market turnover increased to N3.34 billion from N2.79 billion. The market breadth was negative at 0.55x, as 12 stocks advanced and 22 stocks declined, while 66 remained unchanged. CWG topped the earners’ list with +9.88%, while NAHCO dropped by -10.00% to lead the losers’ chart. Also, NB recorded the highest value and volume of trades for the day.  

Stocks whose share prices lost during intra-day trading include:  NAHCO  (-10.00%), FTNCOCOA (-8.57%), NB (-6.13%), OANDO (-5.50%), INTBREW (-4.39%),  NGXGROUP (-3.88%), ETERNA (-2.58%), GTCO (-2.56%), AIICO (-1.61%), FIDELITYBK (-1.59%), MANSARD (-1.50%), UBA (-1.33%), ACCESSCORP (-1.09%), DANGSUGAR (-0.62%) and ZENITHBANK (-0.23%).

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MARKET STATISTICS

CAP N28,142,082,825,683.13 One Day (ASI CHG) -0.23%
Index 52,186.52 One Week (ASI CHG) +1.56%
Volume 238,270,347 One Month (ASI CHG) +2.82%
Value N3,336,186,734.29 Six Months (ASI CHG) +13.73%
Deals

3,814

52 Weeks (ASI CHG)

+37.51%

Gainers 12 Losers 22
Unchanged 66 Total 100
  YTD Returns +22.18%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -0.23
NGX30 -0.25
NGXBNK -0.55
NGXCNSMRGDS -1.01
NGXINDUSTR 0.00
NGXINS -0.61
NGXLOTUSISLM -0.01
NGXOILGAS -0.96

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
CWG 0.81 0.81 0.89 0.08 9.88
MULTIVERSE 1.62 1.62 1.78 0.16 9.88
ACADEMY 1.86 1.86 2.04 0.18 9.68
RTBRISCOE 0.44 0.44 0.48 0.04 9.09
CHAMS 0.25 0.25 0.27 0.02 8.00
JAPAULGOLD 0.25 0.25 0.27 0.02 8.00
LASACO 1.04 1.04 1.09 0.05 4.81

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
NAHCO 6.00 6.00 5.40 -0.60 -10.00
FTNCOCOA 0.35 0.35 0.32 -0.03 -8.57
NB 53.00 53.00 49.75 -3.25 -6.13
CHIPLC 0.70 0.70 0.66 -0.04 -5.71
OANDO 5.45 5.45 5.15 -0.30 -5.50
REDSTAREX 2.60 2.60 2.46 -0.14 -5.38
INTBREW 5.70 5.70 5.45 -0.25 -4.39

Top 7 Traders By Volume

Security Close Price Trades  Daily Volume   Daily Value 
NB 49.75 136          30,379,165    1,512,638,800.00
UBA 7.4 180          26,707,696        198,454,864.10
ACCESSCORP 9.05 195          21,902,789        199,093,446.85
FBNH 11.25 204          17,858,547        196,625,341.65
GTCO 20.9 353          16,815,969        353,454,686.00
CHAMS 0.27 32          14,036,744            3,649,367.66
FIDELITYBK 3.1 85             6,942,886          21,325,892.29

Top 7 Traders By Value

Security Close Price Trades  Daily Volume   Daily Value 
NB 49.75 136          30,379,165    1,512,638,800.00
GTCO 20.9 353          16,815,969        353,454,686.00
ACCESSCORP 9.05 195          21,902,789        199,093,446.85
UBA 7.4 180          26,707,696        198,454,864.10
FBNH 11.25 204          17,858,547        196,625,341.65
SEPLAT 1430.5 41                   98,898        141,781,429.50
MTNN 229 237                494,206        111,079,528.20

 

OUTLOOK

Equity market closed trading activities for today negative, as sell-off was seen across four major market sectors, led by the Consumer goods sector, which declined by 1.01%. We expect cautious trading to continue through the week, as investors react to the recent Interest rate hike by the Apex bank and rising inflation.

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