The Nigeria Equity Market closed trading activities for today Tuesday (07/03/2023) negative, as the NGX-ASI decreased by 0.003% to 55,603.94 from 55,605.57; indicating a YTD return of +8.49%.
Similarly, the market capitalization marginally decreased by N89 million to N30.29 trillion from N30.29 trillion. The market turnover marginally decreased to N2.48 billion from N2.48 billion.
The market breadth was negative at 0.45x as 10 stocks advanced and 22 stocks declined, while 78 stocks remained unchanged. CAVERTON topped the gainers’ list with +9.62%, while MRS declined by -10.00% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume and ZENITHBANK recorded highest value for the day.
Stocks whose share prices decreased during intra-day trading include:
MRS(-10.00%), NCR(-9.88%), MULTIVERSE(-9.85%), CUTIX(-9.09%), VERITASKAP(-9.09%), UNITYBNK(-8.47%), FTNCOCOA(-7.14%), RTBRISCOE(-7.14%), HONYFLOUR(-6.41%), and ROYALEX(-3.85%).
Read: NGX Price List for Tuesday, 7th March, 2023
MARKET STATISTICS
| CAP | N30,290,437,475,059.91 | One Day (ASI CHG) | +0.00% |
| Index | 55,603.94 | One Week (ASI CHG) | -0.36% |
| Volume | 159,460,465.00 | One Month (ASI CHG) | +2.40% |
| Value | N2,475,927,333.46 | Six Months (ASI CHG) | +11.11% |
| Deals | 4,187.00 | 52 Weeks (ASI CHG) | +17.65% |
| Gainers | 10 | Losers | 22 |
| Unchanged | 78 | Total | 110 |
| YTD Returns | +8.49% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.00 |
| NGX30 | -0.01 |
| NGXBNK | -1.03 |
| NGXCNSMRGDS | -0.05 |
| NGXINDUSTR | 0.33 |
| NGXINS | 0.48 |
| NGXLOTUSISLM | 0.03 |
| NGXOILGAS | -0.42 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | Change (%) |
| CAVERTON | 1.04 | 1.14 | 0.1 | 9.62 |
| UACN | 8.55 | 9.2 | 0.65 | 7.60 |
| WAPIC | 0.4 | 0.42 | 0.02 | 5.00 |
| MANSARD | 2 | 2.09 | 0.09 | 4.50 |
| CHAMS | 0.26 | 0.27 | 0.01 | 3.85 |
| FCMB | 4.3 | 4.45 | 0.15 | 3.49 |
| OANDO | 4.36 | 4.48 | 0.12 | 2.75 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | Change (%) |
| MRS | 34.5 | 31.05 | -3.45 | -10.00 |
| NCR | 3.24 | 2.92 | -0.32 | -9.88 |
| MULTIVERSE | 3.96 | 3.57 | -0.39 | -9.85 |
| CUTIX | 2.2 | 2 | -0.2 | -9.09 |
| VERITASKAP | 0.22 | 0.2 | -0.02 | -9.09 |
| UNITYBNK | 0.59 | 0.54 | -0.05 | -8.47 |
| FTNCOCOA | 0.28 | 0.26 | -0.02 | -7.14 |
Top 7 Traders by Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.27 | 89 | 14,420,135 | 18,466,596.62 |
| ZENITHBANK | 25.95 | 359 | 13,261,284 | 344,877,191.80 |
| GTCO | 26.2 | 262 | 11,871,070 | 311,013,375.00 |
| UBA | 8.55 | 118 | 11,141,263 | 95,468,695.50 |
| FIDELITYBK | 5.2 | 111 | 10,224,620 | 52,519,850.47 |
| ACCESSCORP | 9.15 | 164 | 9,383,545 | 86,409,026.00 |
| WAPCO | 26.9 | 102 | 9,069,916 | 244,818,114.70 |
Top 7 Traders by Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| ZENITHBANK | 25.95 | 359 | 13,261,284 | 344,877,191.80 |
| DANGCEM | 280 | 96 | 1,205,762 | 337,547,964.40 |
| GTCO | 26.2 | 262 | 11,871,070 | 311,013,375.00 |
| WAPCO | 26.9 | 102 | 9,069,916 | 244,818,114.70 |
| JBERGER | 26.95 | 137 | 5,875,747 | 161,294,375.90 |
| NESTLE | 1080.3 | 67 | 134,225 | 147,809,621.00 |
| UBA | 8.55 | 118 | 11,141,263 | 95,468,695.50 |
OUTLOOK
Market sectors complemented each other as gaining sectors covered for the losing ones. We expect positive sentiment to be maintained as investors pile into defensive stocks.
