Stock Market Commences April With A Bearish Sentiment As Investors Lose N26BN

Trading activities in the Nigeria Equity Market closed negative today Monday (03/04/2023) as the NGX-ASI decreased by 0.09% to close at 54,184.34 compared to 54,232.34 recorded at the close of the previous trading day; indicating a YTD return of +5.72%.

Similarly, the market capitalization decreased by N26.15 billion to N29.52 trillion from N29.54 trillion recorded at the close of the previous trading day, while the market turnover decreased to N2.38 billion from N3.68 billion.

The market breadth was negative at 0.77x as 17 stocks advanced and 22 stocks declined, while 66 stocks remained unchanged. LASACO, MANSARD topped the gainers’ list with +10.00% respectively, while SCOA declined by -10.00% to lead the losers’ chart. LASACO’s and MANSARD performances, could be hinged on the companies performance in the financial statement as released for the year ended 31 December, 2022. 15k dividend per share was declared by LASACO and a final dividend at 30k per share was declared by MANSARD.

FIDELITYBK recorded the highest volume and value for the day.

Read: NGX Price List for Monday, 3rd April 2023

MARKET STATISTICS

CAPN29,517,535,802,156.85One Day (ASI CHG)-0.09%
Index54,184.34One Week (ASI CHG)+0.81%
Volume292,559,938.00One Month (ASI CHG)-2.56%
ValueN2,380,437,307.54 Six Months (ASI CHG)+10.53%
Deals4,408.0052 Weeks (ASI CHG)+15.67%
Gainers17 Losers 22
Unchanged66Total 105
YTD Returns+5.72%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI-0.09
NGX30-0.07
NGXBNK-0.26
NGXCNSMRGDS-0.31
NGXINDUSTR 0.00
NGXINS 0.30
NGXLOTUSISLM 0.02
NGXOILGAS-0.32

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price%Change
LASACO1.11.210.1110.00
MANSARD1.92.090.1910.00
NAHCO8.18.90.89.88
IKEJAHOTEL1.221.320.18.20
FTNCOCOA0.260.280.027.69
CWG0.870.920.055.75
JAPAULGOLD0.280.290.013.57

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price%Change
SCOA10.9-0.1-10.00
UACN9.558.6-0.95-9.95
SUNUASSUR0.520.47-0.05-9.62
ETERNA6.86.15-0.65-9.56
ABCTRANS0.370.34-0.03-8.11
RTBRISCOE0.250.23-0.02-8.00
WAPIC0.40.37-0.03-7.50

Top 7 Traded Stocks By Volume

SecurityClose PriceNumber of Trades   Daily Volume   Daily Value
 FIDELITYBK            5.36            109         79,730,125    426,800,835.51
 TRANSCORP            1.38            157         28,777,177      39,874,774.57
 UBA            8.40            328         26,814,711    224,105,616.75
 ACCESSCORP            9.00            241         17,077,744    153,609,313.55
 OANDO            5.75            271         13,047,144      73,644,586.51
 MANSARD            2.09              26         12,046,383      25,176,940.47
 LASACO            1.21              20         11,702,235      14,159,704.35

Top 7 Traded Stocks By Value

SecurityClose PriceNumber of Trades   Daily Volume   Daily Value
 FIDELITYBK            5.36            109         79,730,125    426,800,835.51
 GTCO          25.40            248         10,426,039    265,490,629.50
 UBA            8.40            328         26,814,711    224,105,616.75
 ZENITHBANK          25.80            348            8,159,541    210,936,686.05
 ACCESSCORP            9.00            241         17,077,744    153,609,313.55
 SEPLAT    1,150.00              32               102,361    117,196,144.50
 NB          37.00              99            2,836,002    105,104,817.10

OUTLOOK

Investors sentiments continue to rally towards defensive stocks as today’s sectors performance showed a mixed sentiment even as companies continue to release earnings and dividends.

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