Bearish Sentiment Persists as NGX-ASI Declines By 1.60%

The Nigeria Equity Market closed trading activities for today, Tuesday(23/08/2022) negative as the NGX-ASI fell by -1.60% to  48,554.76  from 49,370.62 indicating a YTD return of +13.67%. Similarly, the market capitalization decreased by N426.06 billion to 26.19 trillion from N26.61 trillion .The market turnover increased to N3.18 billion from N1.30 billion. The market breadth was negative at 0.45x, as 9 stocks advanced and 20 stocks declined, while 72 remained unchanged. FTNCOCOA and NEM topped the gainers’ list with +10.00%, while BUAFOODS declined by -9.92% to lead the losers’ chart. Also, MBENEFIT recorded the highest volume; while DANGCEM recorded the highest value of trade for the day.  

Stocks whose share prices lost during intra-day trading include:  BUAFOODS(-9.92%), NNFM(-9.88%), ETERNA(-8.44%), NAHCO(-8.33%), DANGCEM(-5.33%), PZ(-5.29%), BUACEMENT(-4.64%),  CADBBURY(-2.19%), FIDELITYBANK(-1.95%),TRANSCORP(-1.90%), DANGSUGAR(-1.84%), OANDO(-0.66%) AND GTCO (-0.25%)

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MARKET STATISTICS

CAP N 26,188,856,148,490.39 One Day (ASI CHG) -0.05%
Index 48,554.76 One Week (ASI CHG) -0.23%
Volume 204,153,067 One Month (ASI CHG) -6.59%
Value N 3,183,368,484.23 Six Months (ASI CHG) +2.85%
Deals 3,533 52 Weeks (ASI CHG) +23.13%
Gainers 9  Losers 20
Unchanged 72  Total 101
  YTD Returns +13.67  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -1.58
NGX30 -1.38
NGXBNK -0.07
NGXCNSMRGDS -3.13
NGXINDUSTR -4.62
NGXINS 1.82
NGXLOTUSISLM -2.36
NGXOILGAS -4.94

 

Top 7 Gainers

Security Previous Close Close Price Change Price % Change
FTNCOCOA 0.30 0.33 0.03 10.00
NEM 4.00 4.40 0.40 10.00
HONYFLOUR 2.63 2.89 0.26 9.89
UPL 1.72 1.89 0.17 9.88
MBENEFIT 0.27 0.29 0.02 7.41
INTBREW 5.00 5.20 0.20 4.00
JAIZBANK 0.85 0.88 0.03 3.53

Top 7 Losers

Security Previous Close Close Price Change Price % Change
BUAFOODS 59.95 54.00 -5.95 -9.92
NNFM 8.60 7.75 -0.85 -9.88
SEPLAT 1419.90 1300.00 -119.90 -8.44
ETERNA 6.60 6.05 -0.55 -8.33
NAHCO 5.95 5.50 -0.45 -7.56
DANGCEM 258.80 245.00 -13.80 -5.33
PZ 8.50 8.05 -0.45 -5.29

 

Top 7 Traders By Volume

Security Close Price Number of Trades Daily Volume Daily Value
MBENEFIT 0.29 32 44005718 12761658.2
ZENITHBANK 22.00 322 25197019 554793349
FBNH 10.75 146 22091076 236877010
ACCESSCORP 8.30 188 12973867 107727981
UBA 7.05 145 11173983 78836718.3
GTCO 20.20 275 9656449 195021850
TRANSCORP 1.03 86 5661190 5873933.31

Top 7 Traders By Value

Security Close Price Number of Trades Daily Volume Daily Value
DANGCEM 245.00 53 2717239 665737653
ZENITHBANK 22.00 322 25197019 554793349
MTNN 200.00 242 1995909 399316569
FBNH 10.75 146 22091076 236877010
SEPLAT 1300.00 34 171816 224028059
AIRTELAFRI 1905.40 38 105947 196194776
GTCO 20.20 275 9656449 195021850

 

OUTLOOK

Sell off persists due to  growing concerns about the state of the economy . Barring any unforeseen events, we expect negative sentiments to persist this week.

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