Bull Maintain Dominance As ASI Gains by +0.61%

The Nigeria Equity Market closed trading activities for today Thursday (23/02/2023) positive, as the NGX-ASI increased by +0.61% to 54,646.38 from 54,315.53 ; indicating a YTD return of +6.63%.

Similarly, the market capitalization increased by N180.23billion to N29.77 trillion from N29.59 trillion. The market turnover reduced to N1.85 billion from N3.92 billion.

The market breadth was positive at 2.9x as 26 stocks advanced and 9 stocks declined, while 69 stocks remained unchanged. MRS topped the gainers’ list with +9.88% increase, while NEIMETH declined by -6.45% to lead the losers’ chart. Also, UBA recorded the highest volume for the day and ZENITHBANK recorded the highest value for the day.

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

MRS(+9.88%), BUAFOODS(+8.87%), CORNERST(+8.33%), TRANSCOHOT(+7.44%), ROYALEX(+5.71%), HONYFLOUR(+5.66%), LINKASSURE(+4.65%), AFRIPRUD(+4.07%), NGXGROUP(+4.05%), and GEREGU(+3.49%).

Read: NGX Price List for Thursday, 23rd February, 2023

MARKET STATISTICS

CAPN29,768,803,685,738.71One Day (ASI CHG)+0.61%
Index54,646.38One Week (ASI CHG)+0.23%
Volume142,036,608.00One Month (ASI CHG)+3.78%
ValueN1,846,803,647.40Six Months (ASI CHG)+12.55%
Deals2,651.0052 Weeks (ASI CHG)+15.76%
Gainers26 Losers 9
Unchanged69Total 104
YTD Returns+6.63%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.61
NGX300.55
NGXBNK0.39
NGXCNSMRGDS3.79
NGXINDUSTR0.06
NGXINS0.40
NGXLOTUSISLM1.19
NGXOILGAS0.39

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price%Change
MRS25.327.82.59.88
BUAFOODS74.4816.68.87
CORNERST0.60.650.058.33
TRANSCOHOT6.056.50.457.44
ROYALEX0.70.740.045.71
HONYFLOUR2.122.240.125.66
LINKASSURE0.430.450.024.65

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price%Change
NEIMETH1.551.45-0.1-6.45
CHIPLC0.650.61-0.04-6.15
VERITASKAP0.210.2-0.01-4.76
AIICO0.60.59-0.01-1.67
FCMB4.354.3-0.05-1.15
UPDC1.011-0.01-0.99
INTENEGINS1.21.19-0.01-0.83

Top 7 Traders by Volume

SecurityPrevious Close Number of Trades   Daily Volume   Daily Value 
UBA8.35      136.00              32,420,346.00   272,123,839.50
COURTVILLE0.47      27.00              15,975,803.00   7,638,644.95
ZENITHBANK25.2      199.00              11,525,976.00   292,131,427.40
GTCO25.2      184.00              8,619,662.00   217,946,002.35
CHAMS0.26      21.00              6,722,624.00   1,742,063.80
AIICO0.6      31.00              6,391,789.00   3,784,973.40
TRANSCORP1.24      38.00              6,255,119.00   7,824,015.16

Top 7 Traders by Value

SecurityPrevious CloseNumber of Trades Daily Value   Daily Volume 
ZENITHBANK25.2199  292,131,427.40     11,525,976.00
UBA8.35136  272,123,839.50     32,420,346.00
GTCO25.2184  217,946,002.35     8,619,662.00
DANGCEM27035  172,403,676.90     638,536.00
MTNN245.5183  131,555,369.60     537,858.00
AIRTELAFRI162056  125,897,700.70     81,270.00
GEREGU246.4104  71,207,460.00     284,151.00

OUTLOOK

Sectors performance remained remarkable however investors’ sentiments are propelled on political fever and uncertainties in the next trading days.

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