ASI-index dips by 2.08% to begin The Week With A Negative Sentiment

The Nigeria Equity Market closed trading activities for today Monday (27/03/2023) negative as the NGX-ASI decreased by 2.08 % to close at 53,750.77 compared to 54,892.53 recorded at the close of the previous trading day; indicating a YTD return of +4.88%.

Similarly, the market capitalization decreased by N621.99 billion to N29.28 trillion from N29.90 trillion the previous trading day, While the market turnover increased to N4.34 billion from N3.78 billion.

The market breadth was negative at 0.24 x as 5 stocks advanced and 21 stocks declined, while 75 stocks remained unchanged. COURTVILLE topped the gainers’ list with +6.67%, while NCR declined by -9.79% to lead the losers’ chart. GTCO recorded the highest volume for the day while MTNN recorded the highest value for the day.

Top 10 stocks whose prices declined at the end of today’s trading activities includes:

NCR (-9.79%), UNITYBNK (-9.43%), PRESTIGE (-8.89%), SUNUASSUR (-8.33%), AIRTELAFRI (-8.31%), MULTIVERSE (-8.31%), INTENEGINS (-4.80%), SEPLAT (-4.17%), FTNCOCOA (-3.70%) and REGALINS (-3.33).

Read: NGX Price List for Monday, 27th March 2023

MARKET STATISTICS

CAPN29,281,341,756,731.92One Day (ASI CHG)-2.08%
Index53,750.77One Week (ASI CHG)-2.07%
Volume100,882,822.00One Month (ASI CHG)-2.85%
ValueN4,342,394,278.83Six Months (ASI CHG)+9.64%
Deals3,279.0052 Weeks (ASI CHG)+14.45%
Gainers5 Losers 21
Unchanged75Total 101
YTD Returns+4.88%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI-2.08
NGX30-1.97
NGXBNK-0.23
NGXCNSMRGDS-0.79
NGXINDUSTR-0.14
NGXINS-0.55
NGXLOTUSISLM-1.64
NGXOILGAS-2.02

Top 5 Gainers

SecurityPrevious CloseClose PriceChange Price% Change
COURTVILLE0.450.480.036.67
NPFMCRFBK1.851.900.052.70
AIICO0.570.580.011.75
FBNH10.9011.000.100.92
ZENITHBANK24.9525.000.050.20

Top 5 Losers

SecurityPrevious CloseClose PriceChange Price% Change
NCR2.352.12-0.23-9.79
UNITYBNK0.530.48-0.05-9.43
PRESTIGE0.450.41-0.04-8.89
SUNUASSUR0.480.44-0.04-8.33
AIRTELAFRI1548.71420.00-128.70-8.31

Top 5 Traded Stocks By Volume

SecurityClose Price Number of Trades  Daily Volume  Daily Value 
GTCO24.8      251.0012,835,737       318,512,842.95
ZENITHBANK25      229.0011,919,987       297,981,881.70
UBA8      148.0010,038,058         80,241,521.00
MTNN233      414.008,264,247   1,926,627,142.00
FBNH11        97.007,718,834         84,576,989.95

Top 5 Traded Stocks By Value

SecurityClose PriceNumber of TradesDaily VolumeDaily Value
MTNN233      414.008,264,247   1,926,627,142.00
SEPLAT1150        32.00690,499       794,055,182.40
AIRTELAFRI1420        21.00256,505       363,814,827.00
GTCO24.8      251.0012,835,737       318,512,842.95
ZENITHBANK25      229.0011,919,987       297,981,881.70

OUTLOOK

The overall sector performance was significantly negative for the day as 5 gainers were recorded as against 21 losers. Sentiments of investors is expected to continue in trading safe haven stocks as economic activities adjust to the new interest rate.

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