Bear Claws on Stock Market, as NGX-ASI Dropped by 0.33%

Transactions on the Nigerian equity market for today, Monday (04/04/2022) closed negative, extending the negative market sentiments. The NGX-ASI declined by 0.33% to 46,687.85 from 46,842.86, indicating a YTD return of +9.30%. Similarly, the market capitalization also decreased to N25.17 trillion from N25.25trillion. The market turnover dropped to N1.93bn from N2.86 bn. The market breadth closed positive at 1.16x, as 22 stocks advanced against 19 stocks that declined, while 70 stocks remained unchanged. The share prices of REDSTAREXgained 10.00% to top the gainers’ list, while REGALINS declined by -9.68% to lead the losers’ chart.

Stocks whose share prices gained during intra-day trading include: REGALINS(-9.68%), JAPAULGOLD(-8.82%), WAPIC(-6.82%), LINKASSURE(-6.00%), PZ(-9.60%), FCMB(-3.94%), FBNH(-3.28%), ROYALEX(-2.75%), WAPCO(-2.65%), UBA(-2.60%), GUINNESS(-2.04%), ZENITHBANK(-1.79%), STERLINGBANK(-1.32%), LEARNAFRICA(-1.32%), ACCESSCORP(-1.03%), and MTNN(-0.93%)

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MARKET STATISTICS

CAP N25,169,897,831,669.87 One Day (ASI CHG) -0.33%
Index 46,687.85 One Week (ASI CHG) -0.44%
Volume 219,495,846 One Month (ASI CHG) -1.23%
Value N1,930,926,442.82 Six Months (ASI CHG) +16.01%
Deals 4,186.00 52 Weeks (ASI CHG) +19.97%
Gainers 22 Losers 19
Unchanged 70 Total 111
  YTD Returns +9.30%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -0.33
NGX30 -0.41
NGXBNK -0.99
NGXCNSMRGDS 0.20
NGXINDUSTR -0.43
NGXINS -0.32
NGXLOTUSISLM -0.44
NGXOILGAS 0.27

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
REDSTAREX 2.70 2.70 2.97 0.27 10.00
NAHCO 4.29 4.71 4.71 0.42 9.79
MEYER 0.72 0.72 0.79 0.07 9.72
VERITASKAP 0.21 0.21 0.23 0.02 9.52
UPDC 0.76 0.76 0.83 0.07 9.21
UNITYBNK 0.44 0.44 0.48 0.04 9.09
INTBREW 4.55 4.55 4.90 0.35 7.69

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
REGALINS 0.31 0.31 0.28 -0.03 -9.68
JAPAULGOLD 0.34 0.34 0.31 -0.03 -8.82
WAPIC 0.44 0.44 0.41 -0.03 -6.82
LINKASSURE 0.50 0.50 0.47 -0.03 -6.00
JAIZBANK 0.70 0.70 0.66 -0.04 -5.71
PZ 10.55 10.55 10.00 -0.55 -5.21
CORNERST 0.66 0.66 0.63 -0.03 -4.55

Top 7 Traders By Volume

Security Close Price Trades  Daily Volume   Daily Value 
TRANSCORP 1.01 176    28,942,655      28,484,717.12
FIDELITYBK 3.43 266    23,530,562      79,955,208.77
UBA 7.50 220    15,085,937    113,721,536.55
ZENITHBANK 22.00 455    12,579,608    278,404,693.05
ACCESSCORP 9.60 202    11,958,200    116,201,184.85
NGXGROUP 24.00 64    10,452,269    250,361,838.50
GTCO 21.80 519      9,703,283    211,367,262.55

Top 7 Traders By Value

Security Close Price Trades  Daily Volume   Daily Value 
ZENITHBANK 22.00 455    12,579,608    278,404,693.05
MTNN 212.00 281      1,240,016    264,127,488.70
NGXGROUP 24.00 64    10,452,269    250,361,838.50
GTCO 21.80 519      9,703,283    211,367,262.55
ACCESSCORP 9.60 202    11,958,200    116,201,184.85
UBA 7.50 220    15,085,937    113,721,536.55
FIDELITYBK 3.43 266    23,530,562      79,955,208.77

OUTLOOK

Bearish sentiment returns to the stock market, as the trading activities on equities, remain dismal. We expect the the week to continue with this trend as investments in other asset classes prevail.

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