The Nigeria Equity Market closed trading activities for today Thursday (09/03/2023) flat as the NGX-ASI increased by 0.04% to 55,822.14 from 55,801.14 ; indicating a YTD return of +8.92%.
Similarly, the market capitalization increased by N11.43 billion to N30.41 trillion from N30.40 trillion. The market turnover decreased to N3.09 billion from N3.57 billion.
The market breadth was negative at 0.58x as 11 stocks advanced and 19 stocks declined, while 76 stocks remained unchanged.TRANSCORP topped the gainers’ list with +8.66%, while NCR declined by -9.93% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume and GTCO recorded highest value for the day.
Stocks whose share prices increased during intra-day trading include:
TRANSCORP(+8.66%), ROYALEX(+5.63%), CHAMPION(+4.60%), CHAMS(+4.00%),JAPAULGOLD(+3.57%), LASACO(+2.00%), CHIPLC(+1.56%), JAIZBANK(+1.10%), DANGCEM(+1.05%), and GTCO(+0.57%).
Read: NGX Price List for Thursday, 9th March, 2023
MARKET STATISTICS
| CAP | N30,409,304,290,732.93 | One Day (ASI CHG) | +0.04% |
| Index | 55,822.14 | One Week (ASI CHG) | +0.27% |
| Volume | 311,476,310.00 | One Month (ASI CHG) | +2.69% |
| Value | N3,093,342,075.67 | Six Months (ASI CHG) | +12.44% |
| Deals | 3,627.00 | 52 Weeks (ASI CHG) | +18.05% |
| Gainers | 11 | Losers | 19 |
| Unchanged | 76 | Total | 106 |
| YTD Returns | +8.92% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.04 |
| NGX30 | 0.15 |
| NGXBNK | -0.01 |
| NGXCNSMRGDS | 0.04 |
| NGXINDUSTR | 0.53 |
| NGXINS | -0.49 |
| NGXLOTUSISLM | 0.05 |
| NGXOILGAS | -2.01 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| TRANSCORP | 1.27 | 1.38 | 0.11 | 8.66 |
| ROYALEX | 0.71 | 0.75 | 0.04 | 5.63 |
| CHAMPION | 4.78 | 5 | 0.22 | 4.60 |
| CHAMS | 0.25 | 0.26 | 0.01 | 4.00 |
| JAPAULGOLD | 0.28 | 0.29 | 0.01 | 3.57 |
| LASACO | 1 | 1.02 | 0.02 | 2.00 |
| CHIPLC | 0.64 | 0.65 | 0.01 | 1.56 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| NCR | 2.92 | 2.63 | -0.29 | -9.93 |
| CONOIL | 46.85 | 42.2 | -4.65 | -9.93 |
| UPL | 2 | 1.82 | -0.18 | -9.00 |
| PRESTIGE | 0.45 | 0.41 | -0.04 | -8.89 |
| ARDOVA | 17.4 | 15.95 | -1.45 | -8.33 |
| FTNCOCOA | 0.28 | 0.26 | -0.02 | -7.14 |
| LIVESTOCK | 1.12 | 1.04 | -0.08 | -7.14 |
Top 7 Traders by Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.38 | 321 | 179,841,931.00 | 239,244,287.49 |
| GTCO | 26.55 | 212 | 41,396,434.00 | 1,098,133,463.35 |
| ZENITHBANK | 26 | 311 | 18,492,661.00 | 480,368,051.75 |
| STANBIC | 40 | 120 | 7,950,632.00 | 317,984,041.00 |
| STERLNBANK | 1.49 | 51 | 6,731,394.00 | 10,100,457.04 |
| ACCESSCORP | 9.15 | 103 | 4,657,353.00 | 42,577,452.05 |
| JAIZBANK | 0.92 | 45 | 4,325,679.00 | 3,965,991.09 |
Top 7 Traders by Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| GTCO | 26.55 | 212 | 41,396,434.00 | 1,098,133,463.35 |
| ZENITHBANK | 26 | 311 | 18,492,661.00 | 480,368,051.75 |
| STANBIC | 40 | 120 | 7,950,632.00 | 317,984,041.00 |
| MTNN | 248.3 | 215 | 982,911.00 | 243,388,034.10 |
| TRANSCORP | 1.38 | 321 | 179,841,931.00 | 239,244,287.49 |
| DANGCEM | 288 | 122 | 666,031.00 | 189,768,463.00 |
| DANGSUGAR | 19.15 | 120 | 3,407,026.00 | 65,425,681.00 |
OUTLOOK
In the absence of large volume trades, we expect the market to revert to prior level, as investors continue to cherry-pick attractive safe stocks as they trade.
