Bears Dominance Upturned With 0.42% Gain Today But The Market Closed Negative For The Week

Trading activities in the Nigerian Equities Market closed positive today, Friday (18/08/2023) by 0.42% as the NGX-ASI increased to 64,721.09 from 64,448.96 recorded at the close of the previous trading day; indicating a YTD return of +26.28%. The market performance for the week decreased by 0.93% to 64,721.09 from 65,210.49 recorded at the beginning of the week (14/08/2023).

Similarly, the market capitalization increased today by N149 billion to N35.422 trillion from N35.273 trillion recorded at the close of the previous trading day, while the market turnover increased to N53.75 billion from N3.73 billion recorded at the close of the previous trading day.

The market breadth was negative at 0.53X as 17 stocks advanced and 32 stocks declined, while 70 stocks remained unchanged. JOHNHOLT topped the gainers’ list with +9.85% , while GUINEAINS declined by -9.38% to lead the losers’ chart.

FBNH recorded the highest volume and value for the day.

Read: NGX Price List for Friday, 18th August 2023

MARKET STATISTICS

CAPN35,422,310,413,427.53One Day (ASI CHG)+0.42%
Index64,721.09One Week (ASI CHG)-0.93%
Volume537,584,777One Month (ASI CHG)+1.51%
ValueN9,394,902,981.49Six Months (ASI CHG)+20.29%
Deals5,89352 Weeks (ASI CHG)+30.63%
Gainers17Losers32
Unchanged70Total119
YTD Returns+26.28%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change
ASI0.46
NGX300.57
NGXBNK0.06
NGXCNSMRGDS-0.16
NGXINDUSTR1.56
NGXINS-1.90
NGXLOTUSISLM0.48
NGXOILGAS0.00

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price%Change
JOHNHOLT1.321.450.139.85
CHIPLC0.850.920.078.24
UPL2.252.400.156.67
CWG3.603.800.205.56
PRESTIGE0.520.540.023.85
TRANSCORP4.014.160.153.74
DANGCEM349.90360.0010.102.89

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price%Change
GUINEAINS0.320.29-0.03-9.38
TANTALIZER0.440.40-0.04-9.09
UNIVINSURE0.230.21-0.02-8.70
CHAMPION3.403.12-0.28-8.24
FTNCOCOA2.242.06-0.18-8.04
LASACO1.921.77-0.15-7.81
MANSARD3.903.65-0.25-6.41

Top 7 Traded Stocks By Volume

SecurityClose PriceNumber of TradesDaily Volume
FBNH18.80444242,846,642
TRANSCORP4.1645149,532,766
GTCO36.4525929,704,079
UBA13.9031026,533,245
FTNCOCOA2.0613918,775,885
FIDELITYBK7.4015615,095,468
ACCESSCORP17.0028214,967,024

Top 7 Traded Stocks By Value

SecurityClose PriceNumber of TradesDaily Value
FBNH18.804444,703,275,525.40
GTCO36.452591,075,260,204.30
DANGCEM360.001888,711,655,66.50
UBA13.90310370,842,359.40
DANGSUGAR35.00205359,151,446.95
ZENITHBANK34.00247300,334,739.70
MTNN275.00248294,830,331.40

OUTLOOK

The Nigerian Equities market closed positive in today’s trading while trading performance for the week ended in a loss based on investors sentiment. As companies continue to release their half year financial earnings and dividends payouts, market is projected to witness a bounce back.

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