Sell-off Persists as Equity Market Plunges by 1.86%

The Nigeria Equity Market closed for today, Tuesday (26/07/2022) bearish, as the NGX further by 1.86% to 50,442.37 from 51,400.53  indicating a YTD return of +18.09%. Similarly, the market capitalization decreased by N516.70 billion to N27.20 trillion from N27.72 trillion. The market turnover increased to N2.94 billion from N2.51 billion. The market breadth was negative at 0.08x, as 3 stocks advanced and 37 stocks declined, while 63 remained unchanged. LIVESTOCK topped the gainers’ list with +1.63%, while TRANSEXPR dropped by -10.00% to lead the losers’ chart. Also, FLOURMILL recorded the highest volume of trade and value of trade for the day.  

Stocks whose share prices lost during intra-day trading include:  INTBREW (-9.91%), MTNN (-9.62%), PZ (-9.62%), HONYFLOUR (-8.51%), UCAP (-8.33%),  TRANSCORP (-7.83%), NB (-4.52%), ZENITHBANK (-3.23%), FIDELITYBK (-3.23%),  FLOURMILL (-3.03%), UACN (-1.79%), GTCO (-1.45%), UBA (-1.41%), ACCESSCORP (-1.11%), AFRIPRUD (-0.88%) and MAYBAKER (-0.56%).

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MARKET STATISTICS

CAP N27,201,532,195,679.66 One Day (ASI CHG) -1.86%
Index 50,442.37 One Week (ASI CHG) -3.57%
Volume 156,167,630 One Month (ASI CHG) -2.44%
Value N2,936,648,638.45 Six Months (ASI CHG) +8.41%
Deals 4,618 52 Weeks (ASI CHG) +32.84%
Gainers 3  Losers 37
Unchanged 63  Total 103
  YTD Returns +18.09%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -1.86
NGX30 -2.19
NGXBNK -1.85
NGXCNSMRGDS -1.27
NGXINDUSTR 0.00
NGXINS -1.69
NGXLOTUSISLM -1.64
NGXOILGAS -0.49

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
LIVESTOCK 1.23 1.23 1.25 0.02 1.63
FBNH 11.00 11.00 11.15 0.15 1.36
STERLNBANK 1.51 1.51 1.53 0.02 1.32

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
TRANSEXPR 0.70 0.70 0.63 -0.07 -10.00
INTBREW 5.55 5.55 5.00 -0.55 -9.91
MTNN 213.00 213.00 192.50 -20.50 -9.62
PZ 10.40 10.40 9.40 -1.00 -9.62
BERGER 6.85 6.85 6.20 -0.65 -9.49
UPDC 1.19 1.19 1.08 -0.11 -9.24
FTNCOCOA 0.33 0.33 0.30 -0.03 -9.09

Top 7 Traders By Volume

Security Close Price Trades  Daily Volume   Daily Value 
FLOURMILL 32 85          19,317,833    618,049,561.20
TRANSCORP 1.06 109          15,400,158      16,345,367.54
GTCO 20.4 401          12,685,073    259,673,161.90
ZENITHBANK 21 394          11,387,519    243,690,497.95
FBNH 11.15 172             9,945,264    108,170,993.85
INTBREW 5 143             9,173,184      46,428,411.90
FIDELITYBK 3 71             6,866,930      20,611,585.37

Top 7 Traders By Value

Security Close Price Trades  Daily Volume   Daily Value 
FLOURMILL 32 85          19,317,833    618,049,561.20
MTNN 192.5 663             2,960,755    576,540,976.30
AIRTELAFRI 1905.4 58                164,268    336,779,636.40
GTCO 20.4 401          12,685,073    259,673,161.90
ZENITHBANK 21 394          11,387,519    243,690,497.95
SEPLAT 1430.5 27                127,725    184,543,056.10
FBNH 11.15 172             9,945,264    108,170,993.85

 

OUTLOOK

The market sell off continues as investors continue to react to prevailing sovereign risk. We expect the trend to continue throughout the week.

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