Bulls Maintains Dominance as NGX-ASI records 0.24% Rise

The Nigeria Equity Market closed trading activities for today Tuesday (14/02/2023) positive, as the NGX-ASI increased by 0.24% to 54,496.31 from 54,364.67; indicating a YTD return of +6.33%.

Similarly, the market capitalization increased by N75.71 billion to N29.68trillion from N29.61 trillion. The market turnover increased to N5.69billion from N5.33 billion.

The market breadth was negative at 0.89x as 17stocks advanced and 19 stocks declined, while 70 stocks remained unchanged. TRIPPLEG topped the gainers’ list with +9.49% increase, while INTENEGINS declined by -6.20% to lead the losers’ chart. Also, BUAFOODS recorded the highest volume and value for the day.

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

TRIPPLEG(+9.49%), COURTVILLE(+8.33%), CHAMS(+7.41%), GUINESS(+6.35%), PRESTIGE(+5.00%), CADBURY(+4.80%), INTBREW(+2.17%), MTN(+1.49%), OANDO(+1.29%), and DANGSUGAR(+1.17%).

Read: NGX Price List for Monday, 14th February, 2023

MARKET STATISTICS

CAPN29,682,675,780,095.34One Day (ASI CHG)+0.24%
Index54,496.31One Week (ASI CHG)+0.36%
Volume177,924,234.00One Month (ASI CHG)+3.78%
ValueN5,693,046,945.27Six Months (ASI CHG)+9.73%
Deals3,617.0052 Weeks (ASI CHG)+15.79%
Gainers17 Losers 19
Unchanged70Total 106
YTD Returns+6.33%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.24
NGX50-0.12
NGXBNK-0.53
NGXCNSMRGDS0.41
NGXINDUSTR0.04
NGXINS-0.23
NGXLOTUSISLM0.29
NGXOILGAS0

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price%change
TRIPPLEG1.371.50.139.49
COURTVILLE0.480.520.048.33
CHAMS0.270.290.027.41
GUINNESS636746.35
PRESTIGE 0.40.420.025.00
CADBURY11.45120.554.80
INTBREW 4.64.70.12.17

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price%change
INTENEGINS 1.291.21-0.08-6.20
LIVESTOCK1.11.04-0.06-5.45
UNITYBNK0.530.51-0.02-3.77
FIDSON9.879.5-0.37-3.75
TRANSCORP1.291.25-0.04-3.10
UPDCREIT3.253.15-0.1-3.08
UPDC 0.990.96-0.03-3.03

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
BUAFOODS74.43450,009,2353,720,474,590.95
UBA8.3513325,726,267214,874,938.85
ACCESSCORP9.2514111,373,032104,666,945.50
STERLNBANK1.52938,300,78212,736,456.05
CWG 0.89856,000,5004,933,010.84
NB40.51405,649,753228,890,191.50
ZENITHBANK25.32035,051,740127,930,637.50

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
BUAFOODS74.43450,009,2353,720,474,590.95
SEPLAT132533204,226270,173,328.00
MTNN245.52371,067,979261,979,949.90
NB40.51405,649,753228,890,191.50
UBA8.3513325,726,267214,874,938.85
GEREGU 209.9140777,399158,933,595.70
ZENITHBANK25.32035,051,740127,930,637.50

OUTLOOK

We expect positive sentiment to be maintained as investors continue to pile into banking stocks.

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