Bargain Hunting Propels Local Bourse to Close the Week with a 0.12% Gain

The Nigerian equity market closed transactions for week on a positive note. The NGX- ASI rose to 47,328.42 from 47,272.04 indicating a YTD return of +10.80%. The market turnover declined to N2.75bn from N3.86bn, while market breadth was +1.24x as 21 stocks advanced against 17 stocks, while 71 stocks remained unchanged. The share prices of ETRANZACT gained 9.92% to top the gainers’ list, while CUTIX fell by -8.47% to lead the losers’ chart.

Stocks whose share prices gained during intra-day trading include: ETRANZACT(+9.92%), ROYALEX(+9.62%), RTBRISCOE(+9.30%), CORNERST(+7.69%), NIGERINS(+7.69%), JAIZBANK(+5.48%), INTBREW(+4.76%), CHAMS(+4.55%), MBENEFIT(+3.70%), REGALINS(+2.63%), UNITYBNK(+2.04%), ACCESS(+1.47%), UBN(+0.79%), UNILEVER(+0.72%), FCMB(+0.66%), FLOURMILL (+0.63%) AND MTNN (+0.50%)

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MARKET STATISTICS

CAP N25,507,440,006,499.81 One Day (ASI CHG) +0.12%
Index 47,328.42 One Week (ASI CHG) +0.40%
Volume 253,307,413.00 One Month (ASI CHG) +3.02%
Value N2,754,152,077.06 Six Months (ASI CHG)  +19.97%
Deals 4,266.00 52 Weeks (ASI CHG) +18.04%
Gainers 21 Losers 17
Unchanged 71 Total 109
YTD Returns +10.80%

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI 0.12
NGX30 0.16
NGXBNK 0.25
NGXCNSMRGDS 0.15
NGXINDUSTR -0.02
NGXINS -0.79
NGXLOTUSISLM 0.17
NGXOILGAS 0

Top 7 Gainer 

Security Previous Close Open Price Close Price Change Price %Change
ETRANZACT 2.42 2.42 2.66 0.24 9.92
ROYALEX 1.14 1.14 1.25 0.11 9.65
RTBRISCOE 0.86 0.94 0.94 0.08 9.30
CORNERST 0.65 0.65 0.70 0.05 7.69
NIGERINS 0.26 0.26 0.28 0.02 7.69
JAIZBANK 0.73 0.73 0.77 0.04 5.48
INTBREW 5.25 5.25 5.50 0.25 4.76

Top 7 Losers

Security Previous Close Open Price Close Price Change Price %Change
CUTIX 2.95 2.95 2.70 -0.25 -8.47
NEM 4.00 4.00 3.80 -0.20 -5.00
VERITASKAP 0.23 0.23 0.22 -0.01 -4.35
WAPIC 0.50 0.50 0.48 -0.02 -4.00
UPDC 1.08 1.08 1.04 -0.04 -3.70
LIVESTOCK 2.00 2.00 1.94 -0.06 -3.00
GUINNESS 70.05 70.05 68.00 -2.05 -2.93

Top 7 Traders By Volume

Security Close Price Number of Trades Daily Volume Daily Value
FCMB 3.05 41           50,124,645   152,868,019.87
TRANSCORP 1.26 216           36,974,831     45,583,388.92
UBA 8.7 155           19,291,616   167,664,793.90
FBNH 11.55 161           17,746,893   205,010,907.70
GTCO 26.9 259           10,145,671   273,239,189.25
UCAP 14 198             9,847,158   137,185,901.35
MULTIVERSE 0.23 50             9,491,514       2,067,129.38

Top 7 Traders By Value

Security Close Price Number of Trades Daily Volume Daily Value
MTNN 201 157             2,158,877   434,870,822.20
GTCO 26.9 259           10,145,671   273,239,189.25
FBNH 11.55 161           17,746,893   205,010,907.70
NB 48 119             3,603,065   172,932,071.00
UBA 8.7 155           19,291,616   167,664,793.90
FCMB 3.05 41           50,124,645   152,868,019.87
ZENITHBANK 26.95 227             5,406,853   145,872,476.25

OUTLOOK

Trading activities closed positively for the week retaining yesterday’s bullish sentiment as investors are responding to the movement in oil prices which could prove to be positive for the market..

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