Trading activities in the Nigeria Equities Market closed positive today Wednesday (17/05/2023) as the NGX-ASI increased by 0.31% to close at 52,580.86 compared to 52,419.33 recorded at the close of the previous trading day; indicating a YTD return of +2.59%.
Similarly, the market capitalization increased by N88.00 billion to N28.631 trillion from N28.543 trillion recorded at the close of the previous trading day, while the market turnover increased to N7.89billion from N6.79 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.37x as 26 stocks advanced and 19 stocks declined, while 66 stocks remained unchanged MRS topped the gainers list with +9.93% while CHIPLC declined by -7.69% to lead the loser’s chart.
FIDELITYBK recorded the highest volume for the day while GTCO recorded the highest value for the day.
Read: NGX Price List for Wednesday, 17th May 2023
MARKET STATISTICS
| CAP | N28,630,598,735,943.87 | One Day (ASI CHG) | 0.31% |
| Index | 52,580.86 | One Week (ASI CHG) | 0.71% |
| Volume | 680,796,099 | One Month (ASI CHG) | +2.74% |
| Value | N7,892,431,916.04 | Six Months (ASI CHG) | +19.36% |
| Deal | 6,666 | 52 Weeks (ASI CHG) | -0.33% |
| Gainers | 29 | Losers | 18 |
| Unchanged | 67 | Total | 114 |
| YTD Returns | +2.59% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.31 |
| NGX30 | 0.17 |
| NGXBNK | 0.96 |
| NGXCNSMRGDS | 1.09 |
| NGXINDUSTR | -0.10 |
| NGXINS | 0.48 |
| NGXLOTUSISLM | -0.21 |
| NGXOILGAS | 0.49 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price (N) | Change Price | %Change |
| MRS | 33.75 | 37.10 | 3.35 | 9.93 |
| NB | 35.30 | 38.70 | 3.40 | 9.63 |
| CORNERST | 0.74 | 0.81 | 0.07 | 9.46 |
| FTNCOCOA | 0.34 | 0.37 | 0.03 | 8.82 |
| ROYALEX | 0.48 | 0.52 | 0.04 | 8.33 |
| CADBURY | 13.95 | 15.10 | 1.15 | 8.24 |
| IKEJAHOTEL | 1.71 | 1.85 | 0.14 | 8.19 |
Top 7 Losers
| Security | Previous Close (N) | Close Price (N) | Change Price | %Change |
| CHIPLC | 0.65 | 0.60 | -0.05 | -7.69 |
| SOVRENINS | 0.46 | 0.43 | -0.03 | -6.52 |
| TRANSCORP | 3.06 | 2.90 | -0.16 | -5.23 |
| CAVERTON | 1.05 | 1.00 | -0.05 | -4.76 |
| WAPIC | 0.45 | 0.43 | -0.02 | -4.44 |
| JAPAULGOLD | 0.35 | 0.34 | -0.01 | -2.86 |
| NGXGROUP | 27.00 | 26.25 | -0.75 | -2.78 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Number of Trades | Volume |
| FIDELITYBK | 5.53 | 118 | 254,051,468 |
| ACCESSCORP | 10.10 | 560 | 112,827,401 |
| TRANSCORP | 2.90 | 536 | 63,391,229 |
| GTCO | 26.15 | 742 | 59,991,542 |
| ZENITHBANK | 25.15 | 467 | 31,697,181 |
| UBA | 8.60 | 398 | 24,553,844 |
| MANSARD | 2.71 | 144 | 10,554,395 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Value (N) |
| GTCO | 26.15 | 742 | 1,568,312,407.90 |
| FIDELITYBK | 5.53 | 118 | 1,418,149,336.35 |
| MTNN | 229.00 | 300 | 1,395,965,220.40 |
| ACCESSCORP | 10.10 | 560 | 1,131,421,302.00 |
| ZENITHBANK | 25.15 | 467 | 794,383,746.35 |
| NB | 38.70 | 229 | 217,352,669.80 |
| UBA | 8.60 | 398 | 213,258,903.70 |
OUTLOOK
The Nigerian Stock Market continued its positive dominance in the face of a worrisome inflation rate of 22.22%. We expect this strain to continue as investors focus on fundamentally sound companies, dividend payments, and impressive first-quarter (Q1) 2023 results
