The Nigeria Equity Market closed trading activities for today Wednesday (01/03/2023) decreased, as the NGX-ASI decreased by -0.53% to 55,508.61 from 55,806.262; indicating a YTD return of +8.31%.
Similarly, the market capitalization decreased by N162.15 billion to N30.24 trillion from N30.40 trillion. The market turnover increased to N6.58 billion from N4.39 billion.
The market breadth was positive at 2.55x as 28 stocks advanced and 11 stocks declined, while 63 stocks remained unchanged. VERITASKAP topped the gainer’ list with +10.00% respectively, while JOHNHOLT declined by -9.66% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume and GTCO recorded highest value for the day.
Stocks whose share prices increased during intra-day trading include:
JOHNHOLT(-9.66%), ETI(-7.69%), AIRTELAFRI(-5.25%)UCAP(-3.91%), FTNCOCOA(-3.45%), UACN(-2.22%), CORNERST(-1.54%), WAPCO(-1.46%), MAYBAKER(-1.10%), and SCOA(-0.99%).
Read: NGX Price List for Wednesday 1st March, 2023
MARKET STATISTICS
| CAP | N30,238,508,141,008.66 | One Day (ASI CHG) | -0.53% |
| Index | 55,508.61 | One Week (ASI CHG) | +2.20% |
| Volume | 565,822,657.00 | One Month (ASI CHG) | +4.42.% |
| Value | N6,578,887,418.61 | Six Months (ASI CHG) | +11.74% |
| Deals | N6,578,887,418.61 | 52 Weeks (ASI CHG) | +16.90% |
| Gainers | 28 | Losers | 11 |
| Unchanged | 63 | Total | 102 |
| YTD Returns | +8.31% |
Source: Ngxgroup.com, GTI Research
| Security | Change Percent |
| ASI | -0.53 |
| NGX30 | -0.6 |
| NGXBNK | -0.04 |
| NGXCNSMRGDS | 2.48 |
| NGXINDUSTR | -0.08 |
| NGXINS | 0.23 |
| NGXLOTUSISLM | -0.08 |
| NGXOILGAS | 0.77 |
Sector Performance
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % change |
| VERITASKAP | 0.2 | 0.22 | 0.02 | 10.00 |
| ARDOVA | 16.9 | 18.55 | 1.65 | 9.76 |
| WEMABANK | 4 | 4.35 | 0.35 | 8.75 |
| GEREGU | 275.5 | 298.1 | 22.6 | 8.20 |
| SUNUASSUR | 0.37 | 0.4 | 0.03 | 8.11 |
| CHAMS | 0.26 | 0.28 | 0.02 | 7.69 |
| OANDO | 4.8 | 5.1 | 0.3 | 6.25 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % change |
| JOHNHOLT | 1.76 | 1.59 | -0.17 | -9.66 |
| ETI | 13 | 12 | -1.00 | -7.69 |
| AIRTELAFRI | 1620 | 1535 | -85.00 | -5.25 |
| UCAP | 15.35 | 14.75 | -0.60 | -3.91 |
| FTNCOCOA | 0.29 | 0.28 | -0.01 | -3.45 |
| UACN | 9 | 8.8 | -0.20 | -2.22 |
| CORNERST | 0.65 | 0.64 | -0.01 | -1.54 |
Top 7 Traders by Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.38 | 241 | 47,892,996 | 67,001,665.20 |
| GTCO | 26.9 | 391 | 46,625,600 | 1,258,247,986.55 |
| OANDO | 5.1 | 409 | 19,977,379 | 102,325,888.65 |
| ACCESSCORP | 9.6 | 152 | 19,416,794 | 186,209,779.55 |
| UBA | 8.8 | 216 | 15,804,319 | 139,398,575.30 |
| ZENITHBANK | 26.65 | 274 | 12,489,527 | 334,191,971.00 |
| STERLNBANK | 1.54 | 53 | 10,489,830 | 16,085,905.46 |
Top 7 Traders by Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| GTCO | 26.9 | 391 | 46,625,600 | 1,258,247,986.55 |
| AIRTELAFRI | 1535 | 62 | 504,209 | 772,660,018.50 |
| ZENITHBANK | 26.65 | 274 | 12,489,527 | 334,191,971.00 |
| SEPLAT | 1325 | 31 | 147,049 | 190,664,227.90 |
| ACCESSCORP | 9.6 | 152 | 19,416,794 | 186,209,779.55 |
| GEREGU | 298.1 | 91 | 574,634 | 167,248,930.70 |
| DANGCEM | 278 | 118 | 553,543 | 154,181,764.40 |
OUTLOOK
We expect investors to be indecisive as election result be swaying their opinion on the market trajectory.
