The Nigeria Equity Market closed for today, Wednesday (29/06/2022) negative, as the NGX-ASI declined by 0.003% to 51,802.48 from 51,803.98, indicating a YTD return of +21.27%. Similarly, the market capitalization decreased by N81 million to N27.927 trillion from N27.928 trillion. The market turnover decrease to N3.45 billion from N12.85 billion. The market breadth was positive at 1.21x, as 17 stocks advanced and 14 stocks declined, while 77 remained unchanged. IKEJAHOTEL topped the gainers’ list with +10.00%, while UPL dropped by -9.72% to lead the losers’ chart. Also, MBENEFIT recorded the highest volume of trades for the day.
Stocks whose share prices lost during intra-day trading include: UPL (-9.62%), CHAMS (-8.00%), LINKASSURE (-6.90%), CUTIX (-6.25%), FTNCOCOA (-5.71%), MBENEFIT (-4.00%), PZ (-3.18%), ETI (-2.73%), TRANSCORP (-1.60%), UCAP (-1.56%), JAIZBANK(-0.72%), and GTCO (-0.93%).
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MARKET STATISTICS
| CAP | N27,927,215,675,955.10 | One Day (ASI CHG) | -0.003% |
| Index | 51,802.48 | One Week (ASI CHG) | +0.83% |
| Volume | 416,469,572 | One Month (ASI CHG) | -4.22% |
| Value | N3,458,635,310.92 | Six Months (ASI CHG) | +23.91% |
| Deals | 4,466 | 52 Weeks (ASI CHG) | +37.62% |
| Gainers | 17 | Losers | 14 |
| Unchanged | 77 | Total | 108 |
| YTD Returns | +21.27% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.03 |
| NGX30 | -0.04 |
| NGXBNK | -0.07 |
| NGXCNSMRGDS | 0.09 |
| NGXINDUSTR | 0 |
| NGXINS | 0.46 |
| NGXLOTUSISLM | 0.04 |
| NGXOILGAS | 0.07 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| IKEJAHOTEL | 1.10 | 1.21 | 0.11 | 10.00 |
| ROYALEX | 0.96 | 1.03 | 0.07 | 7.29 |
| NPFMCRFBK | 1.65 | 1.77 | 0.12 | 7.27 |
| FIDELITYBK | 3.28 | 3.44 | 0.16 | 4.88 |
| GLAXOSMITH | 6.20 | 6.50 | 0.30 | 4.84 |
| AIICO | 0.63 | 0.66 | 0.03 | 4.76 |
| RTBRISCOE | 0.45 | 0.47 | 0.02 | 4.44 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| UPL | 2.88 | 2.88 | 2.60 | -0.28 | -9.72 |
| NGXGROUP | 24.60 | 24.60 | 22.95 | -1.65 | -6.71 |
| CAVERTON | 1.05 | 1.05 | 1.00 | -0.05 | -4.76 |
| LIVESTOCK | 1.40 | 1.40 | 1.35 | -0.05 | -3.57 |
| FIDELITYBK | 3.40 | 3.40 | 3.28 | -0.12 | -3.53 |
| OANDO | 5.90 | 5.90 | 5.70 | -0.20 | -3.39 |
| ROYALEX | 0.99 | 0.99 | 0.96 | -0.03 | -3.03 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| MBENEFIT | 0.24 | 17 | 212,508,835.00 | 53,124,799.68 |
| GTCO | 20.5 | 542 | 42,151,855.00 | 867,539,818.50 |
| UBA | 7.45 | 200 | 23,985,500.00 | 179,036,889.25 |
| FBNH | 11.4 | 346 | 23,159,326.00 | 262,177,888.90 |
| ACCESSCORP | 9.25 | 173 | 22,524,556.00 | 208,537,931.65 |
| ZENITHBANK | 21.7 | 364 | 12,681,476.00 | 275,104,220.15 |
| WAPCO | 26.95 | 128 | 7,050,617.00 | 189,929,984.65 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| GTCO | 20.5 | 542 | 42,151,855.00 | 867,539,818.50 |
| NESTLE | 1400 | 45 | 303,102.00 | 424,313,543.30 |
| ZENITHBANK | 21.7 | 364 | 12,681,476.00 | 275,104,220.15 |
| SEPLAT | 1290 | 26 | 203,888.00 | 266,158,029.20 |
| FBNH | 11.4 | 346 | 23,159,326.00 | 262,177,888.90 |
| MTNN | 230 | 194 | 1,025,051.00 | 236,044,291.60 |
| ACCESSCORP | 9.25 | 173 | 22,524,556.00 | 208,537,931.65 |
OUTLOOK
Equity market closes for today slightly negative, as investors’ bargain hunting was dominant in all the market sectors. However, we expect cautious trading and profit taking to continue in the domestic market.
