Bull Reign Continues As NGX-ASI Posts 0.36% Gain.

Trading activities in the Nigeria Equities Market closed positive today Wednesday (21/06/2023) as the NGX-ASI increased by 0.36% to close at 59,323.95 compared to 59,110.02 recorded at the close of the previous trading day; indicating a YTD return of +15.75%.

Similarly, the market capitalization increased by N116.49 billion to N32.3021 trillion from N32.1857 trillion recorded at the close of the previous trading day, while the market turnover decreased to N6.10 billion from N8.96 billion recorded at the close of the previous trading day.

The market breadth was positive at 1.68x as 42 stocks advanced and 25 stocks declined, while 56 stocks remained unchanged. AFROMEDIA topped the gainers’ list with +10.00%, while JAIZBANK declined by -10.00% to lead the losers’ chart.

UNIVINSURE recorded the highest volume for the day, while GTCO recorded the highest value for the day.

Read: NGX Price List for Wednesday, 21th June 2023

MARKET STATISTICS

CAPN32,302,179,116,891.61One Day (ASI CHG)+0.16%
Index59,323.95One Week (ASI CHG)-1.10%
Volume643,031,260One Month (ASI CHG)+12.09%
ValueN6,107,983,766.39Six Months (ASI CHG)+19.90%
Deals7,80652 Weeks (ASI CHG)+15.46%
Gainers42Losers25
Unchanged56Total123
YTD Returns+15.75%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security%Percent
ASI0.36
NGX300.44
NGXBNK-0.6
NGXCNSMRGDS-0.11
NGXINDUSTR1.84
NGXINS1.93
NGXLOTUSISLM0.07
NGXOILGAS1.84

Source: Ngxgroup.com, GTI Research

Top 7 Gainers

Security Previous Close(N) Close Price(N) Price Change% Change
AFROMEDIA          0.200.220.0210.00
ETRANZACT          5.355.880.539.91
FTNCOCOA          1.621.780.169.88
NEIMETH          1.621.780.169.88
UNITYBNK          1.231.350.129.76
TRANSCOHOT        14.6016.001.409.59
VERITASKAP          0.210.230.029.52

Top 7 Losers

Security Previous Close(N)  Close Price(N) Price Change% Change
JAIZBANK          1.701.53-0.17-10.00
MEYER          2.432.19-0.24-9.88
IKEJAHOTEL          3.553.20-0.35-9.86
TANTALIZER          0.220.20-0.02-9.09
CADBURY        18.8017.10-1.70-9.04
INTENEGINS          1.581.45-0.13-8.23
NNFM        13.9012.90-1.00-7.19

Top 7 Traded Stocks By Volume

Security Close Price(N)  Number of Trades Daily Volume
UNIVINSURE          0.23220               141,336,787
GTCO        32.00401                 44,862,505
JAPAULGOLD          0.63206                 37,683,238
UBA        11.45382                 31,667,362
ACCESSCORP        14.90396                 27,444,628
TRANSCORP          3.25235                 24,571,713
STERLINGNG          2.77133                 22,218,267

Top 7 Traded Stocks By Value

Security Close Price(N)  Number of Trades  Daily Value (N) 
GTCO        32.00401     1,440,423,136.55
DANGCEM     287.50138         479,852,445.40
ZENITHBANK        31.75325         471,674,592.20
ACCESSCORP        14.90396         409,238,093.55
UBA        11.45382         362,033,822.05
MTNN     265.00264         360,514,928.40
GEREGU     295.0077         269,873,270.50

OUTLOOK

Bull dominance is sustained as trading enters day three for the week. This run is projected to continue as investors continue to cherry pick on viable stocks.

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