Bargain Hunting Sustains Gains As NGX-ASI Posts 1.43% Increase.

Trading activities in the Nigerian Exchange Market closed positive today Friday (30/06/2023) as the NGX-ASI increased by 1.43% to close at 60,968.27 compared to 60,108.86 recorded at the close of the previous trading day; indicating a YTD return of +18.96%.

Similarly, the market capitalization increased by N467.96 billion to N33.19783 trillion from N32.72987 trillion recorded at the close of the previous trading day, while the market turnover increased to N15.96 billion from N12.53 billion recorded at the close of the previous trading day.

The market breadth was positive at 3.00x as 57 stocks advanced and 19 stocks declined, while 47 stocks remained unchanged. PZ topped the gainers’ list with +10.00%, while PHARMDEKO declined by -10.00% to lead the losers’ chart.

ACCESSCORP recorded the highest volume and value for the day.

Read: NGX Price List for Friday, 30th June 2023

MARKET STATISTICS

CAPN33,197,826,263,590.48One Day (ASI CHG)+1.43%
Index60,968.27One Week (ASI CHG)+2.75%
Volume998,080,356One Month (ASI CHG)+9.25%
ValueN15,956,149,651.28Six Months (ASI CHG)+18.96%
Deals10,58052 Weeks (ASI CHG)+17.66%
Gainers57Losers19
Unchanged47Total123
YTD Returns+18.96%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change
ASI1.43
NGX301.26
NGXBNK1.69
NGXCNSMRGDS0.58
NGXINDUSTR-0.54
NGXINS0.07
NGXLOTUSISLM1.18
NGXOILGAS0.78

Source: Ngxgroup.com, GTI Research

Top 7 Gainers

SecurityPrevious Close (N)Close Price (N)Price Change%Change
PZ20.0022.002.0010.00
ETERNA19.1021.001.909.95
LEARNAFRCA2.923.210.299.93
IKEJAHOTEL3.633.990.369.92
TRANSCOHOT21.2923.402.119.91
STERLINGNG3.063.360.309.80
CHAMPION4.905.380.489.80

Top 7 Losers

SecurityPrevious Close (N)Close Price (N)Price Change%Change
PHARMDEKO2.001.80-0.20-10.00
CORNERST1.211.10-0.11-9.09
GUINEAINS0.230.21-0.02-8.70
UNIVINSURE0.230.21-0.02-8.70
PRESTIGE0.520.48-0.04-7.69
INTENEGINS1.571.45-0.12-7.64
COURTVILLE0.660.61-0.05-7.58

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of Trades     Daily Volume
ACCESSCORP16.60624             255,060,258
FCMB5.10307               97,169,233
UBA12.25708               90,631,257
GTCO35.00712               77,034,659
ZENITHBANK34.25658               74,398,931
TRANSCORP3.51354               39,050,156
FIDELITYBK7.00297               27,700,191

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of Trades      Daily Value(N)
ACCESSCORP16.60624   4,146,300,849.90
GTCO35.00712   2,690,412,431.80
ZENITHBANK34.25658   2,531,613,688.05
AIRTELAFRI1319.90147   1,952,205,403.30
UBA12.25708   1,113,727,951.55
FCMB5.10307       498,022,752.90
MTNN273.40441       215,455,039.50

OUTLOOK

Trading session on the Nigerian Exchange maintained gains to close the week bullish after the salah holiday. Investors sentiment is expected to further drive the direction of the market as market ushers in a new trading month.

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