The Nigeria Equity Market closed trading activities for today wednesday (08/02/2023) positive, as the NGX-ASI increased by +0.23% to 54,427.05from 54,299.76 ; indicating a YTD return of +6.20%.
Similarly, the market capitalization increased by N69.33billion to N29.64trillion from N29.58 trillion. The market turnover decreased to N1.81billion from N7.62 billion.
The market breadth was negative at 0.48x as 11stocks advanced and 23 stocks declined, while 77stocks remained unchanged. TRIPPLEG topped the gainers’ list with +9.52% increase, while TRANSEXPR declined by -9.76% to lead the losers’ chart. Also, UNIVINSURE recorded the highest volume and GTCO recorded highest value for the day.
Stocks whose share prices increased during intra-day trading include:
TRIPPLEG(+9.52%), INTENEGINS(+9.40%), JAPAULGOLD(+3.45%), MANSARD(+2.50%), AFRIPRUD(+2.46%), DANGCEM(+1.89%),FIDELITYBK(1.72%), CAVERTON(+1.05%), ZENITHBANK(+0.80%), and UBN(+0.76%).
Read: NGX Price List for Wednesday, 8th February 2023
MARKET STATISTICS
| CAP | N29,644,948,390,977.76 | One Day (ASI CHG) | +0.23% |
| Index | 54,427.05 | One Week (ASI CHG) | +1.73% |
| Volume | 151,583,263.00 | One Month (ASI CHG) | +5.29% |
| Value | N1,810,556,484.64 | Six Months (ASI CHG) | +7.80% |
| Deals | 2,974.00 | 52 Weeks (ASI CHG) | +15.66% |
| Gainers | 11 | Losers | 23 |
| Unchanged | 77 | Total | 111 |
| YTD Returns | +6.20% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| ASI | 0.23 |
| NGX30 | 0.21 |
| NGXBNK | 0.39 |
| NGXCNSMRGDS | -0.14 |
| NGXINDUSTR | 0.94 |
| NGXINS | 0.04 |
| NGXLOTUSISLM | 0.18 |
| NGXOILGAS |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| TRIPPLEG | 1.05 | 1.15 | 0.10 | 9.52 |
| INTENEGINS | 1.17 | 1.28 | 0.11 | 9.40 |
| JAPAULGOLD | 0.29 | 0.3 | 0.01 | 3.45 |
| MANSARD | 2 | 2.05 | 0.05 | 2.50 |
| AFRIPRUD | 6.1 | 6.25 | 0.15 | 2.46 |
| DANGCEM | 265 | 270 | 5.00 | 1.89 |
| FIDELITYBK | 5.8 | 5.9 | 0.10 | 1.72 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| TRANSEXPR | 0.82 | 0.74 | -0.08 | -9.76 |
| TRANSCORP | 1.36 | 1.26 | -0.10 | -7.35 |
| COURTVILLE | 0.5 | 0.47 | -0.03 | -6.00 |
| PRESTIGE | 0.42 | 0.4 | -0.02 | -4.76 |
| UPDCREIT | 3.4 | 3.25 | -0.15 | -4.41 |
| UNILEVER | 13.6 | 13.05 | -0.55 | -4.04 |
| CHAMS | 0.25 | 0.24 | -0.01 | -4.00 |
Top 7 Traders by Volume
| Security | Previous Close | Number of Trades | Daily Volume | Daily Value |
| UNIVINSURE | 0.2 | 43 | 20,035,608 | 4,007,121.60 |
| TRANSCORP | 1.36 | 139 | 18,684,627 | 24,619,973.80 |
| GTCO | 25.25 | 146 | 17,028,872 | 427,737,620.05 |
| STERLNBANK | 1.52 | 65 | 15,625,464 | 23,902,624.72 |
| UBA | 8.4 | 119 | 7,739,304 | 64,688,598.25 |
| FBNH | 11.9 | 87 | 6,592,592 | 77,942,833.60 |
| CHAMS | 0.25 | 19 | 6,129,416 | 1,525,649.84 |
Top 7 Traders by Value
| Security | Previous Close | Number of Trades | Daily Volume | Daily Value |
| GTCO | 25.25 | 146 | 17,028,872 | 427,737,620.05 |
| AIRTELAFRI | 1660 | 21 | 165,398 | 253,137,949.50 |
| MTNN | 243.9 | 242 | 755,365 | 182,656,131.40 |
| GEREGU | 207.9 | 51 | 786,184 | 160,599,062.80 |
| ZENITHBANK | 25 | 210 | 6,116,393 | 152,959,643.00 |
| FBNH | 11.9 | 87 | 6,592,592 | 77,942,833.60 |
| UBA | 8.4 | 119 | 7,739,304 | 64,688,598.25 |
OUTLOOK
We expect positive sentiment to be sustained as investors take refuge in safe haven stocks.
