Trading activities in the Nigerian Equities Market closed positive today, Friday (21/07/2023) by 1.68% as the NGX-ASI increased to 65,003.39 compared to 63,930.72 recorded at the close of the previous trading day; indicating a YTD return of +26.83%. The market performance for the week increased likewise by 3.89% to 65,003.39 compared to 62,569.73 recorded at the beginning of the week (17/07/2023).
Similarly, the market capitalization increased for the day by N584.08 billion to N35,394.99 trillion from N34,810.91 trillion recorded at the close of the previous trading day, while the market turnover decreased to N14.26 billion from N18.07 billion recorded at the close of the previous trading day.
The market breadth was negative at 2.76x as 47 stocks advanced and 17 stocks declined, while 55 stocks remained unchanged. STANBIC topped the gainers’ list with +10.00% , while ACADEMY declined by -10.00% to lead the losers’ chart.
UBA recorded the highest volume while AIRTELAFRI recorded the highest value for the day.
Read: NGX Price List for Friday, 21st July 2023
MARKET STATISTICS
| CAP | N35,394,989,537,534.56 | One Day (ASI CHG) | +1.68% |
| Index | 65,003.39 | One Week (ASI CHG) | +3.89% |
| Volume | 770,799,867 | One Month (ASI CHG) | +9.57% |
| Value | N14,264,881,289.04 | Six Months (ASI CHG) | +23.59% |
| Deals | 8,915 | 52 Weeks (ASI CHG) | +24.71% |
| Gainers | 47 | Losers | 17 |
| Unchanged | 55 | Total | 119 |
| YTD Returns | +26.83% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 1.68 |
| NGX30 | 1.65 |
| NGXBNK | 9.46 |
| NGXCNSMRGDS | 0.89 |
| NGXINDUSTR | -0.01 |
| NGXINS | -0.74 |
| NGXLOTUSISLM | 0.25 |
| NGXOILGAS | -0.33 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price (N) | Price Change | %Change |
| STANBIC | 57.00 | 62.70 | 5.70 | 10.00 |
| GTCO | 35.00 | 38.50 | 3.50 | 10.00 |
| UACN | 10.00 | 11.00 | 1.00 | 10.00 |
| STERLINGNG | 3.60 | 3.96 | 0.36 | 10.00 |
| CWG | 2.70 | 2.97 | 0.27 | 10.00 |
| JOHNHOLT | 2.60 | 2.86 | 0.26 | 10.00 |
| JAIZBANK | 1.80 | 1.98 | 0.18 | 10.00 |
Top 7 Losers
| Security | Previous Close (N) | Close Price (N) | Price Change | %Change |
| ACADEMY | 2.43 | 2.19 | – 0.24 | – 9.88 |
| ABBEYBDS | 1.24 | 1.12 | – 0.12 | – 9.68 |
| CORNERST | 1.06 | 0.96 | – 0.10 | – 9.43 |
| NSLTECH | 0.34 | 0.31 | – 0.03 | – 8.82 |
| GUINNESS | 80.00 | 73.00 | – 7.00 | – 8.75 |
| LINKASSURE | 0.70 | 0.64 | – 0.06 | – 8.57 |
| UPDCREIT | 3.75 | 3.50 | – 0.25 | – 6.67 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| UBA | 14.90 | 789.00 | 111,209,346 |
| ACCESSCORP | 18.35 | 700.00 | 88,034,760 |
| ZENITHBANK | 35.15 | 737.00 | 73,351,105 |
| GTCO | 38.50 | 653.00 | 65,336,150 |
| FIDELITYBK | 7.82 | 196.00 | 57,093,827 |
| FCMB | 6.80 | 141.00 | 55,615,030 |
| STERLINGNG | 3.96 | 165.00 | 32,607,017 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Value |
| AIRTELAFRI | 1,319.90 | 60.00 | 2,587,395,796.30 |
| ZENITHBANK | 35.15 | 737.00 | 2,584,420,099.45 |
| GTCO | 38.50 | 653.00 | 2,488,955,595.00 |
| UBA | 14.90 | 789.00 | 1,643,047,858.75 |
| ACCESSCORP | 18.35 | 700.00 | 1,610,675,958.70 |
| FIDELITYBK | 7.82 | 196.00 | 445,536,015.90 |
| FCMB | 6.80 | 141.00 | 377,876,294.80 |
OUTLOOK
Market’s momentum soared as investors reacted positively to news from both FBNH Holdings and Fidelity Bank. FBN Holdings stock rises by 9.97% as Investors reacted to positive earnings while Fidelity Bank stock rises by 10% as Investors reacted positively to share capital offer. We anticipate soars in earnings in the coming weeks as companies release positive half year financial earnings.
