Banks Stocks Lifts All-Share Index By 0.35% To Begin The Week Positive

Trading activities in the Nigeria Equities Market closed positive today Monday (22/05/2023) as the NGX-ASI increased by 0.35% to close at 52,369.13 compared to 52,187.93 recorded at the close of the previous trading day; indicating a YTD return of +2.18%.

Similarly, the market capitalization increased by N98.7 billion to N28.5153 trillion from N28.4166 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.05 billion from N8.19 billion recorded at the close of the previous trading day.

The market breadth was positive at 2.07x as 31 stocks advanced and 15 stocks declined, while 68 stocks remained unchanged IKEJAHOTEL topped the gainers’ list with a maximum of +9.85% respectively while NCR declined by -9.71% to lead the losers’ chart.

ZENITHBANK recorded the highest volume and highest value for the day.

Read: NGX Price List for Monday, 22nd May 2023

MARKET STATISTICS

CAPN28,515,310,162,513.53One Day (ASI CHG)+0.35%
Index52,369.13One Week (ASI CHG)+0.26%
Volume318,231,618One Month (ASI CHG)+1.97%
ValueN4,050,951,056.05Six Months (ASI CHG)+17.70%
Deal5,84752 Weeks (ASI CHG)-1.15%
Gainers31Losers15
Unchanged68Total114
YTD Returns+2.18%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.35
NGX300.35
NGXBNK0.89
NGXCNSMRGDS0.39
NGXINDUSTR0.01
NGXINS1.34
NGXLOTUSISLM0.18
NGXOILGAS-0.64

Top 7 Gainers

SecurityPrevious Close(N)Close Price(N)Change Price%Change
IKEJAHOTEL2.032.230.209.85
ACADEMY1.531.680.159.80
PRESTIGE0.410.450.049.76
NPFMCRFBK1.751.920.179.71
CILEASING3.203.510.319.69
CAVERTON1.151.260.119.57
FTNCOCOA0.440.480.049.09

Top 7 Losers

SecurityPrevious Close(N)Close Price(N)Change Price%Change
NCR3.092.79-0.30-9.71
SOVRENINS0.450.41-0.04-8.89
NEIMETH1.501.39-0.11-7.33
ARDOVA20.1518.75-1.40-6.95
ROYALEX0.520.49-0.03-5.77
UPDC1.030.98-0.05-4.85
REDSTAREX2.902.77-0.13-4.48

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of Trades Daily Volume
ZENITHBANK26.45544       53,434,420
ACCESSCORP10.15445       48,034,489
UBA8.40360       31,111,033
MANSARD3.15259       23,555,771
GTCO27.15386       20,119,889
FIDELITYBK5.55111       15,378,663
TRANSCORP2.64254       13,088,522

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of Trades Daily Value(N)
ZENITHBANK26.45544   1,381,259,308.05
GTCO27.15386       541,037,919.55
ACCESSCORP10.15445       486,299,055.30
MTNN231.00224       426,782,699.80
UBA8.40360       261,961,785.05
FIDELITYBK5.55111         84,391,233.34
FLOURMILL31.0081         79,744,584.75

OUTLOOK

Equities Activities on the Exchange began positive for the week. Market performance is expected to show varying sentiments as investors rotate their portfolios towards stocks with attractive dividend yields and expected Q2 result.

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