Bull Ascendancy Continues in Local Bourse As Gain Lifts Index by 0.73%

The Nigeria Equity Market closed trading activities for today Thursday (29/12/2022) positive, as the NGX-ASI grew by 0.73% to 50,300.00 from 49,934.60 ; indicating a YTD return of +17.75%.

Similarly, the market capitalization increased by N199.02 billion to N27.40 trillion from N27.20trillion. The market turnover Increased to N7.32 billion from N3.88 billion .

The market breadth was positive at 3.89x as 35 stocks advanced and 9 stocks declined, while 65 stocks remained unchanged. GEREGU and NESTLE topped the gainers’ list with +10.00%, while LIVESTOCK declined by -8.40% to lead the losers’ chart. Also, FBNH recorded the highest volume , while GTCO recorded the highest value for the day.

Stocks whose share prices gained during intra-day trading include:

GEREGU(+10.00%), NESTLE(+10.00%), CWG( +9.52%), ROYALEX(+9.35%), CORNERST(+9.09%), NB(+9.04%), UACN(+8.82%), UNITYBNK(+8.00%), MAYBAKER(+7.50%), and MBENEFIT(+7.41%).

Read: NGX Price List for Thursday, 29th December 2022

MARKET STATISTICS

CAPN27,397,058,157,070.03One Day (ASI CHG)0.73%
Index50,300.00One Week (ASI CHG)+1.62%
Volume467,992,219.00One Month (ASI CHG)+6.04%
ValueN7,323,243,140.96Six Months (ASI CHG)-2.90%
Deals4,306.0052 Weeks (ASI CHG)+20.31%
Gainers35 Losers 9
Unchanged 65Total109
YTD Returns+17.75%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.73
NGX300.66
NGXBNK0.27
NGXCNSMRGDS3.65
NGXINDUSTR0.14
NGXINS1.84
NGXLOTUSISLM0.77
NGXOILGAS2.82

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price%Change
GEREGU127.00139.7012.7010.00
NESTLE1000.001100.00100.0010.00
CWG0.840.920.089.52
ROYALEX1.071.170.109.35
CORNERST0.550.600.059.09
NB37.6041.003.409.04
UACN10.2011.100.908.82

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price%Change
LIVESTOCK1.191.09-0.10-8.40
FBNH11.8011.05-0.75-6.36
VITAFOAM21.9520.65-1.30-5.92
UNILEVER11.8011.50-0.30-2.54
FIDELITYBK4.654.56-0.09-1.94
UPDCREIT3.002.95-0.05-1.67
NEIMETH1.451.43-0.02-1.38

Top 7 Traders by Volume

SecurityClose PriceNumber of TradesDaily VolumeDaily Value
FBNH11.0599.00   78,864,312.00   891,708,267.65
GTCO23.40525.00   38,530,444.00   922,553,157.05
ZENITHBANK24.90395.00   19,642,435.00   486,572,278.25
AIICO0.5764.00   17,472,263.00        9,969,933.17
CHIPLC0.6745.00   13,923,705.00        9,093,461.85
ACCESSCORP8.70206.00   12,361,377.00   108,501,817.60
TRANSCORP1.1491.00     9,955,435.00     11,182,991.40

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
GTCO23.40525.00   38,530,444.00   922,553,157.05
FBNH11.0599.00   78,864,312.00   891,708,267.65
GEREGU139.70147.00     4,731,528.00   616,217,338.80
SEPLAT1100.0020.00         522,831.00   575,103,856.20
ZENITHBANK24.90395.00   19,642,435.00   486,572,278.25
NESTLE1100.00157.00         445,479.00   483,689,788.80
AIRTELAFRI1488.0026.00         181,443.00   270,566,710.30

OUTLOOK

We expect sustained positive sentiments given the renewed attractiveness of the sectors

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