The Nigeria Equity Market closed for today, Friday (22/07/2022) bearish, as the NGX-ASI decreased further by 0.27% to 51,979.92 from 52,122.00 indicating a YTD return of +21.69%. Similarly, the market capitalization decreased by N76.62 billion to N28.03 trillion from N28.11 trillion. The market turnover increased to N3.06 billion from N2.16 billion. The market breadth was negative at 0.5x, as 9 stocks advanced and 18 stocks declined, while 78 remained unchanged. INTBREW topped the gainers’’ list with +9.09%, while MAYBAKER dropped by -10% to lead the losers’ chart. Also, UBA recorded the highest value and volume of trades for the day.
Stocks whose share prices lost during intra-day trading include: MAYBAKER (-10.00%),RTBRISCOE(-9.09%), WAPCO(-7.31%), FTNCOCOA (-6.25%), ETI(-5.66%), ZENITHBNK(-5.47%), CUSTODIAN(-4.11%), HONYFLOUR(-3.69%), NEIMETH (-3.61%), FLOURMILL(-2.94%), MULTIVERSE(-2.56%), FIDSON(-2.47%), MANSARD (-1.53%), TRANSCORP(-0.83%), GLAXOSMITH(-0.78%), OANDO(-0.77%), UBA(-0.68%) and GTCO (-0.48%).
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MARKET STATISTICS
| CAP | N28,030,672,660,037.43 | One Day (ASI CHG) | -0.27% |
| Index | 51,979.92 | One Week (ASI CHG) | -0.45% |
| Volume | 205,055,019.00 | One Month (ASI CHG) | +1.17% |
| Value | N3,058,119,336.20 | Six Months (ASI CHG) | +13.10% |
| Deals | 3,600.00 | 52 Weeks (ASI CHG) | +34.71% |
| Gainers | 9 | Losers | 18 |
| Unchanged | 78 | Total | 105 |
| YTD Returns | +21.69% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.27 |
| NGX30 | -0.32 |
| NGXBNK | -2.74 |
| NGXCNSMRGDS | 0.22 |
| NGXINDUSTR | -0.54 |
| NGXINS | 1.31 |
| NGXLOTUSISLM | -0.16 |
| NGXOILGAS | -0.12 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % change |
| INTBREW | 4.95 | 5.40 | 0.45 | 9.09 |
| LINKASSURE | 0.54 | 0.58 | 0.04 | 7.41 |
| NEM | 3.17 | 3.40 | 0.23 | 7.26 |
| REDSTAREX | 2.46 | 2.60 | 0.14 | 5.69 |
| CUTIX | 2.27 | 2.38 | 0.11 | 4.85 |
| CHIPLC | 0.67 | 0.68 | 0.01 | 1.49 |
| NAHCO | 5.44 | 5.50 | 0.06 | 1.10 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % change |
| MAYBAKER | 4.00 | 3.60 | -0.40 | -10.00 |
| RTBRISCOE | 0.44 | 0.40 | -0.04 | -9.09 |
| WAPCO | 26.00 | 24.10 | -1.90 | -7.31 |
| FTNCOCOA | 0.32 | 0.30 | -0.02 | -6.25 |
| ETI | 10.60 | 10.00 | -0.60 | -5.66 |
| ZENITHBANK | 21.95 | 20.75 | -1.20 | -5.47 |
| CUSTODIAN | 7.30 | 7.00 | -0.30 | -4.11 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| UBA | 7.30 | 186 | 63,742,205 | 465,387,158 |
| GTCO | 20.75 | 267 | 36,394,141 | 755,363,802 |
| FLOURMILL | 33.00 | 70 | 18,359,002 | 605,847,411 |
| ZENITHBANK | 20.75 | 472 | 16,043,794 | 347,895,115 |
| FBNH | 11.20 | 126 | 9,534,292 | 105,876,230 |
| FIDELITYBK | 3.10 | 91 | 9,270,687 | 28,710,785 |
| ACCESSCORP | 9.10 | 149 | 6,833,929 | 61,983,670 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| GTCO | 20.75 | 267 | 36,394,141 | 755,363,802 |
| FLOURMILL | 33.00 | 70 | 18,359,002 | 605,847,411 |
| UBA | 7.30 | 186 | 63,742,205 | 465,387,158 |
| ZENITHBANK | 20.75 | 472 | 16,043,794 | 347,895,115 |
| MTNN | 229.00 | 275 | 630,834 | 136,214,465 |
| NB | 49.75 | 76 | 2,494,256 | 123,776,755 |
| FBNH | 11.20 | 126 | 9,534,292 | 105,876,230 |
OUTLOOK
The stock market sell-off persists and investors’ appetite dampens following the interest rate hike. We expect attention to shift to the fixed income market as the effects of the rate hike lingers.
