Bearish Sentiment Persists as NGX-ASI Declines By 0.07%

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The Nigeria Equity Market closed trading activities for today, Tuesday(30/08/2022) negative as the NGX-ASI decreased by 0.07% to 49,642.69 from 49,676.75  indicating a YTD return of +16.21%. Similarly, the market capitalization decreased further by N18.37 billion to N26.78 trillion from N26.79 trillion. The market turnover increased to N3.07 billion from N2.19billion. The market breadth was positive at 1.0x, as 13 stocks advanced and 13 stocks declined, while 90 remained unchanged ETRANZACT topped the gainers’ list with +9.65%, while COURTVILLE declined by -7.69% to lead the losers’ chart. Also, MBENEFIT recorded the highest volume; while MTNN recorded the highest value of trade for the day.

Stocks whose share prices lost during intra-day trading include: COURTVILLE(-7.69%), FCMB(-4.06%), UPDC(-3.77%), NAHCO(-3.72%), CADBURY(-2.99%), MANSARD(-2.70%), UNILEVER(-2.59%), HORNYFLOUR(-1.82%), STERLNBANK (-1.30),UACN(-0.90) and GTCO(-0.25%),

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MARKET STATISTICS

CAP N 26,775,654,129,149.86 One Day (ASI CHG) -0.07%
Index 49,642.69 One Week (ASI CHG) +2.24%
Volume 125,949,809 One Month (ASI CHG) -1.44%
Value N 3,073,108,296.91 Six Months (ASI CHG) +4.82%
Deals 4,145 52 Weeks (ASI CHG) +26.23%
Gainers 13  Losers 13
Unchanged 90  Total 116
YTD Returns +16.21

Source: Ngxgroup.com, GTI Research 

Sector Performance
Security Change Percent
ASI -0.07
NGX30 -0.09
NGXBNK -0.13
NGXCNSMRGDS 0.00
NGXINDUSTR 0.00
NGXINS 0.08
NGXLOTUSISLM -0.09
NGXOILGAS 0.10
Top 7 Gainers
Security Previous Close Open Price Close Price Change Price %Change
ETRANZACT 2.28 2.28 2.50 0.22 9.65
SOVRENINS 0.26 0.26 0.28 0.02 7.69
VITAFOAM 22.00 22.00 23.60 1.60 7.27
JAPAULGOLD 0.31 0.31 0.33 0.02 6.45
CHIPLC 0.62 0.62 0.65 0.03 4.84
FTNCOCOA 0.29 0.29 0.30 0.01 3.45
ABCTRANS 0.30 0.30 0.31 0.01 3.33
Top 7 Losers
Security Previous Close Open Price Close Price Change Price %Change
COURTVILLE 0.52 0.52 0.48 -0.04 -7.69
FCMB 3.20 3.20 3.07 -0.13 -4.06
UPDC 1.06 1.06 1.02 -0.04 -3.77
NAHCO 5.92 5.92 5.70 -0.22 -3.72
CADBURY 13.40 13.40 13.00 -0.40 -2.99
MANSARD 1.85 1.85 1.80 -0.05 -2.70
UNILEVER 13.50 13.50 13.15 -0.35 -2.59

Top 7 Traders By Volume

Security Close Price Number of Trades Daily Volume Daily Value
MBENEFIT 0.32 98    25,337,218.00             8,241,229.76
FIDELITYBK 3.04 147    10,225,616.00           31,068,136.80
ACCESSCORP 8.15 171      8,990,995.00           73,675,282.40
FBNH 10.9 143      7,707,522.00           84,294,900.40
MTNN 199 390      7,273,639.00     1,450,748,014.40
AIICO 0.53 64      7,134,033.00             3,797,542.85
ZENITHBANK 21.95 256      6,896,895.00         151,250,099.45

Top 7 Traders By Value

Security Close Price Number of Trades Daily Volume Daily Value
MTNN 199 390      7,273,639.00     1,450,748,014.40
AIRTELAFRI 2040 70          158,876.00         306,649,478.40
NESTLE 1350 37          186,211.00         251,409,333.20
ZENITHBANK 21.95 256      6,896,895.00         151,250,099.45
DANGCEM 245 61          603,313.00         147,724,635.40
GTCO 19.85 354      5,511,736.00         109,493,479.40
FBNH 10.9 143      7,707,522.00           84,294,900.40

OUTLOOK

Insurance and oil sector showed little dominance as negative sentiment dominated majority of  the sectors .We expect mixed reactions to continue this week.
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