Investors’ Bargain-Hunting Propels Local Bourse to Close the Week Positive

The Nigeria Equity Market closed trading activities for today Friday(14/10/2022) positive as the NGX-ASI increased by 0.09% to 47,569.04 from 47,524.30; indicating a YTD return of +11.36%.

Similarly, the market capitalization increased by N24.33 billion to N25.91 trillion from N25.89 trillion. The market turnover increased to N4.27 billion from N2.07 billion.

The market breadth was positive at 1.75, as 14 stocks advanced and 8 stocks declined, while 75 stocks remained unchanged. HONYFLOUR topped the gainers’ list with +9.86%, while ACADEMY declined by -9.66% to lead the losers’ chart. Also, GTCO recorded the highest volume and MTNN the highest value for the day.

Stocks whose share prices gained during intra-day trading include:

HONYFLOUR(+9.86%), WAPIC(+9.38%), SOVRENINS(+7.69%), LIVESTOCK(+6.36%), GTCO(+5.60%), AIICO(+3.64%), MANSARD(+2.50%), ZENITH(+2.30%), STERLNBNK(+1.31%) and FCMB(+0.65%).

Read: NGX Price List for Friday, 14th October 2022

MARKET STATISTICS

CAPN25,909,575,307,323.59One Day (ASI CHG)+0.09%
Index47,569.04One Week (ASI CHG)+0.46%
Volume124,434,486.00One Month (ASI CHG)-4.05%
ValueN4,272,303,889.35Six Months (ASI CHG)+0.02%
Deals3,101.0052 Weeks (ASI CHG)+15.66%
Gainers14 Losers 8
Unchanged 75Total 97
YTD Returns+11.36

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI 0.09
NGX30 0.08
NGXBNK 0.65
NGXCNSMRGDS-0.52
NGXINDUSTR 0.00
NGXINS 1.80
NGXLOTUSISLM 0.00
NGXOILGAS 0.00

Top 7 Gainers

SecurityPreviousClose PriceChange Price% change
HONYFLOUR2.132.340.219.86
WAPIC0.320.350.039.38
SOVRENINS0.260.280.027.69
LIVESTOCK1.101.170.076.36
GTCO16.9517.900.955.60
CHAMPION3.483.650.174.89
NPFMCRFBK1.531.590.063.92

Top 7 Losers

SecurityPreviousClose PriceChange Price% change
ACADEMY1.451.31-0.14-9.66
CHAMS0.280.26-0.02-7.14
REDSTAREX2.302.16-0.14-6.09
NB48.4046.45-1.95-4.03
FTNCOCOA0.280.27-0.01-3.57
INTBREW4.654.50-0.15-3.23
UACN9.259.00-0.25-2.70

Top 7 Traders by Volume

SecurityClose PriceTrades  Daily Volume      Daily Value
GTCO17.90443  34,999,602      607,480,245
FBNH9.50173  13,266,988      123,150,101
MULTIVERSE4.5929    7,351,300       33,065,795
MTNN199.00199    6,087,127  1,210,999,406
ZENITHBANK20.00268    5,527,745      108,426,527
COURTVILLE0.467    5,102,447         2,347,100
CHAMS0.2614    4,464,407         1,161,490

Top 7 Traders by Value

SecurityClose PriceTrades  Daily Volume      Daily Value 
MTNN199.00199    6,087,127  1,210,999,406
AIRTELAFRI1800.0019       593,171      960,937,020
SEPLAT1200.0033       628,280      753,308,127
GTCO17.90443   34,999,602      607,480,245
NB46.4554    3,375,997      147,484,169
FBNH9.50173    13,266,988      123,150,101
ZENITHBANK20.00268    5,527,745      108,426,527

OUTLOOK

Stock market rounds up the week on a positive note. We expect mixed sentiments to continue next week, as investors continue to search for value in challenging economic times.

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