Trading activities in the Nigerian Equities Market closed negative today Thursday (13/07/2023) as the NGX-ASI decreased by 2.03% to close at 62,748.94 compared to 64,046.93 recorded at the close of the previous trading day; indicating a YTD return of +22.43%.
Similarly, the market capitalization decreased by N706 billion to N34.16815 trillion from N34.87419 trillion recorded at the close of the previous trading day, while the market turnover decreased to N10.35 billion from N12.69 billion recorded at the close of the previous trading day.
The market breadth was negative at 0.32x as 18 stocks advanced and 56 stocks declined, while 40 stocks remained unchanged. JOHNHOLT topped the gainers’ list with +10.00%, while FIDELITYBK declined by -10.00% to lead the losers’ chart.
UBA recorded the highest volume, while GTCO recorded highest value for the day.
Read: NGX Price List for Thursday, 13th July 2023
MARKET STATISTICS
| CAP | N34,168,159,487,092.44 | One Day (ASI CHG) | -2.03% |
| Index | 62,748.94 | One Week (ASI CHG) | +1.18% |
| Volume | 789,554,200 | One Month (ASI CHG) | +7.88% |
| Value | N10,346,115,215.27 | Six Months (ASI CHG) | +19.49% |
| Deals | 10,296 | 52 Weeks (ASI CHG) | +22.10% |
| Gainers | 18 | Losers | 56 |
| Unchanged | 40 | Total | 114 |
| YTD Returns | +22.43% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -2.03 |
| NGX30 | -2.27 |
| NGXBNK | -6.63 |
| NGXCNSMRGDS | -0.09 |
| NGXINDUSTR | 0.69 |
| NGXINS | -4.13 |
| NGXLOTUSISLM | -0.82 |
| NGXOILGAS | -0.74 |
Top 7 Gainers
| Securities | Previous Close (N) | Close Price (N) | Change Price | % Change |
| JOHNHOLT | 1.5 | 1.65 | 0.15 | 10.00 |
| DANGSUGAR | 27.15 | 29.85 | 2.7 | 9.94 |
| NASCON | 23.2 | 25.5 | 2.3 | 9.91 |
| SKYAVN | 12.25 | 13.45 | 1.2 | 9.80 |
| GOLDBREW | 2.67 | 2.93 | 0.26 | 9.74 |
| MORISON | 2.58 | 2.83 | 0.25 | 9.69 |
| NSLTECH | 0.32 | 0.35 | 0.03 | 9.38 |
Top 7 Losers
| Securities | Previous Close (N) | Close Price (N) | Change Price | % Change |
| FIDELITYBK | 7.90 | 7.11 | -0.79 | -10.00 |
| OMATEK | 0.60 | 0.54 | -0.06 | -10.00 |
| SOVRENINS | 0.50 | 0.45 | -0.05 | -10.00 |
| STANBIC | 68.00 | 61.20 | -6.80 | -10.00 |
| TRANSCOHOT | 39.50 | 35.55 | -3.95 | -10.00 |
| WEMABANK | 5.00 | 4.50 | -0.50 | -10.00 |
| UNITYBNK | 1.71 | 1.54 | -0.17 | -9.94 |
Top 7 Traded Stocks By Volume
| Securities | Close Price (N) | Number of Trades | Daily Volume |
| UBA | 13.00 | 682 | 99,015,569 |
| FBNH | 17.45 | 502 | 72,688,273 |
| TRANSCORP | 3.83 | 566 | 68,797,020 |
| FCMB | 6.00 | 276 | 67,892,079 |
| GTCO | 34.00 | 337 | 51,243,258 |
| STERLINGNG | 3.45 | 228 | 43,511,453 |
| FIDELITYBK | 7.11 | 318 | 41,624,571 |
Top 7 Traded Stocks By Value
| Securities | Close Price (N) | Number of Trades | Daily Value (N) |
| GTCO | 34.00 | 337 | 1,770,779,707.90 |
| UBA | 13.00 | 682 | 1,331,480,861.95 |
| FBNH | 17.45 | 502 | 1,284,435,283.90 |
| DANGSUGAR | 29.85 | 355 | 670,201,582.10 |
| ACCESSCORP | 15.65 | 591 | 633,232,761.85 |
| MTNN | 265.10 | 372 | 537,189,170.70 |
| ZENITHBANK | 33.65 | 408 | 479,263,156.45 |
OUTLOOK
We still expect cautious trading in the market, as investors continue to hunt for stocks with potentials for high returns. We foresee a market rebound in the coming week, as the monetary policies of the federal government responsible for the current rally are still valid.
