Stock Market Closes Flat As Bulls, Bears Fight For Dominance As The Week Begins.

The Nigeria Equity Market closed trading activities for today Monday (12/12/2022) flat, as the NGX-ASI grew by 0.04% to 48,899.08 from 48,881.93 ; indicating a YTD return of +14.47%.

Similarly, the market capitalization increased by N9.34 billion to N26.63 trillion from N26.63 trillion. The market turnover decreased to N237 million from N1.143 billion.

The market breadth was negative at 0.90x as 10 stocks advanced and 11 stocks declined, while 81 stocks remained unchanged. LEARNAFRCA topped the gainers’ list with +9.70%, while ROYALEX declined by -9.88% to lead the losers’ chart. Also, ACCESSCORP recorded the highest volume while ACCESSCORP recorded the highest value for the day.

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

LEARNAFRCA(+9.70%), JAIZBANK(+9.20%), SCOA( +8.86%), SUNUASSUR(+7.14%), JAPAULGOLD(+3.70%),FBNH(+1.85%),ZENITHBANK(+1.58%),FIDELITYBK(+0.96%), FCMB(+0.86%), and WAPCO(+0.69%).

Read: NGX Price List for Monday,12th December 2022

MARKET STATISTICS

CAPN26,634,010,164,864.43One Day (ASI CHG)+0.04%
Index48,899.08One Week (ASI CHG)+1.30%
Volume236,586,269.00One Month (ASI CHG)+11.21%
ValueN2,517,010,211.13Six Months (ASI CHG)-8.09%
Deals3,334.0052 Weeks (ASI CHG)+16.75%
Gainers 10 Losers 11
Unchanged 81Total 102
YTD Returns+14.47%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.04
NGX300.00
NGXBNK0.47
NGXCNSMRGDS0.00
NGXINDUSTR0.04
NGXINS-0.61
NGXLOTUSISLM0.03
NGXOILGAS0.00

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price% Change 
LEARNAFRCA1.651.810.169.70
JAIZBANK0.870.950.089.20
SCOA0.790.860.078.86
SUNUASSUR0.280.30.027.14
JAPAULGOLD0.270.280.013.70
FBNH10.8110.201.85
ZENITHBANK22.122.450.351.58

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price% Change 
ROYALEX0.810.73-0.08-9.88
NEIMETH1.41.28-0.12-8.57
MANSARD1.991.9-0.09-4.52
COURTVILLE0.460.45-0.01-2.17
UPDC0.920.9-0.02-2.17
STANBIC30.5530-0.55-1.80
NAHCO5.85.7-0.10-1.72

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
ACCESSCORP8.5172         120,976,121   1,028,391,007.65
JAIZBANK0.9552           19,036,767         17,821,593.04
GTCO21324           17,196,252       361,311,429.60
FBNH1184           12,039,928       131,220,492.25
FCMB3.584              8,597,159         30,088,653.30
ETI11.1530              8,207,779         88,301,938.80
FIDELITYBK4.1980              7,091,691         29,537,542.63

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
ACCESSCORP8.5172         120,976,121   1,028,391,007.65
GTCO21324           17,196,252       361,311,429.60
MTNN215170                 923,035       196,989,260.50
STANBIC3063              5,176,869       155,909,235.20
FBNH1184           12,039,928       131,220,492.25
ZENITHBANK22.45204              5,528,596       123,706,590.30
ETI11.1530              8,207,779         88,301,938.80

OUTLOOK

We expect mixed sentiments to continue during the week, as pre-election risks amplify.

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