Trading activities in the Nigerian Equities Market closed negative today, Friday (14/07/2023) by 0.29% as the NGX-ASI decreased to 62,569.73 compared to 62,748.94 recorded at the close of the previous trading day; indicating a YTD return of +22.08%. However, the market performance for the week decreased by 0.75% to 62,569.73 compared to 63,040.41 recorded at the beginning of the week (10/07/2023).
Similarly, the market capitalization decreased for the day by N97.6 billion to N34.06984 trillion from N34.16742 trillion recorded at the close of the previous trading day, while the market turnover decreased to N60.04 billion from N10.35 billion recorded at the close of the previous trading day.
The market breadth was negative at 0.21x as 12 stocks advanced and 56 stocks declined, while 47 stocks remained unchanged. NASCON topped the gainers’ list with +10.00%, while CHAMPION declined by -10.00% to lead the losers’ chart.
ACCESSCORP recorded the highest volume and highest value for the day.
Read: NGX Price List for Friday, 14th July 2023
MARKET STATISTICS
| CAP | N34,069,837,731,094.91 | One Day (ASI CHG) | -0.29% |
| Index | 62,569.73 | One Week (ASI CHG) | -0.75% |
| Volume | 600,487,398 | One Month (ASI CHG) | +4.31% |
| Value | N8,827,390,726.51 | Six Months (ASI CHG) | +19.15% |
| Deals | 9,554 | 52 Weeks (ASI CHG) | +21.88% |
| Gainers | 12 | Losers | 56 |
| Unchanged | 47 | Total | 115 |
| YTD Returns | +22.08% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.29 |
| NGX30 | -0.31 |
| NGXBNK | -4.42 |
| NGXCNSMRGDS | -0.83 |
| NGXINDUSTR | 1.28 |
| NGXINS | -4.03 |
| NGXLOTUSISLM | 0.04 |
| NGXOILGAS | -0.68 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price (N) | Price Change | % Change |
| NASCON | 25.50 | 28.05 | 2.55 | 10.00 |
| JOHNHOLT | 1.65 | 1.81 | 0.16 | 9.70 |
| SKYAVN | 13.45 | 14.75 | 1.30 | 9.67 |
| GUINEAINS | 0.25 | 0.27 | 0.02 | 8.00 |
| DAARCOMM | 0.28 | 0.30 | 0.02 | 7.14 |
| GEREGU | 310.00 | 330.00 | 20.00 | 6.45 |
| NNFM | 13.20 | 13.80 | 0.60 | 4.55 |
Top 7 Losers
| Security | Previous Close (N) | Close Price (N) | Price Change | % Change |
| CHAMPION | 3.50 | 3.15 | -0.35 | -10.00 |
| FLOURMILL | 34.00 | 30.60 | -3.40 | -10.00 |
| REGALINS | 0.40 | 0.36 | -0.04 | -10.00 |
| UACN | 10.00 | 9.00 | -1.00 | -10.00 |
| WEMABANK | 4.50 | 4.05 | -0.45 | -10.00 |
| MAYBAKER | 6.03 | 5.43 | -0.60 | -9.95 |
| ETERNA | 29.20 | 26.30 | -2.90 | -9.93 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Number of Trades | Volume |
| ACCESSCORP | 14.95 | 927 | 94,164,711 |
| UBA | 12.85 | 664 | 54,118,613 |
| FIDELITYBK | 6.70 | 332 | 48,692,460 |
| ZENITHBANK | 32.50 | 519 | 36,420,537 |
| TRANSCORP | 3.45 | 259 | 33,609,800 |
| ETI | 12.70 | 132 | 31,630,329 |
| GTCO | 33.70 | 419 | 26,002,062 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Value |
| ACCESSCORP | 14.95 | 927 | 1,429,869,133.00 |
| ZENITHBANK | 32.50 | 519 | 1,141,342,564.00 |
| GTCO | 33.70 | 419 | 848,971,297.70 |
| UBA | 12.85 | 664 | 669,333,408.30 |
| GEREGU | 330.00 | 146 | 454,132,644.50 |
| DANGSUGAR | 29.00 | 515 | 436,795,623.30 |
| ETI | 12.70 | 132 | 402,096,354.40 |
OUTLOOK
Market’s momentum dwindled as a result of profit taking during the week. We expect a rebound in the market in the coming week. However, we expect further influence from the decision of today’s inflation report on the market.
