The Nigeria Equity Market closed trading activities for today Tuesday (28/02/2023) positive, as the NGX-ASI increased by 0.86% to 55,806.26 from 55,328.42; indicating a YTD return of +8.89%.
Similarly, the market capitalization increased by N260.31 billion to N30.40 trillion from N30.14 trillion. The market turnover increased to N4.39 billion from N1.54 billion.
The market breadth was positive at 3.50x as 35 stocks advanced and 10 stocks declined, while 57 stocks remained unchanged. MRS topped the gainers’ list with +10.00% respectively, while MULTIVERSE declined by -10.00% to lead the losers’ chart. Also, FIDELITYBK recorded the highest volume and DANGCEM recorded highest value for the day.
Stocks whose share prices increased during intra-day trading include:
MRS(+10.00%), STANBIC(+9.88%), CILEASING(+9.64%), OANDO(+9.09%), ROYALEX(+8.11%), UPDCREDIT(+8.06%), FTNCOCOA(+7.41%), NGXGROUP(+7.41%), CUTIX(+7.32%), and TRANSCORP(+6.35%).
Read: NGX Price List for Tuesday, 28th February, 2023
MARKET STATISTICS
| CAP | N30,400,655,262,649.36 | One Day (ASI CHG) | +0.86% |
| Index | 55,806.26 | One Week (ASI CHG) | +2.98% |
| Volume | 237,174,411.00 | One Month (ASI CHG) | +5.98% |
| Value | N4,392,671,328.60 | Six Months (ASI CHG) | +12.33% |
| Deals | 4,435.00 | 52 Weeks (ASI CHG) | +17.75% |
| Gainers | 35 | Losers | 10 |
| Unchanged | 57 | Total | 102 |
| YTD Returns | +8.89% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.86 |
| NGX30 | 0.89 |
| NGXBNK | 1.68 |
| NGXCNSMRGDS | -0.09 |
| NGXINDUSTR | 1.4 |
| NGXINS | 0.28 |
| NGXLOTUSISLM | 0.81 |
| NGXOILGAS | 0.41 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %change |
| MRS | 33.5 | 36.85 | 3.35 | 10.00 |
| STANBIC | 37.95 | 41.7 | 3.75 | 9.88 |
| CILEASING | 3.63 | 3.98 | 0.35 | 9.64 |
| OANDO | 4.4 | 4.8 | 0.4 | 9.09 |
| ROYALEX | 0.74 | 0.8 | 0.06 | 8.11 |
| UPDCREIT | 3.1 | 3.35 | 0.25 | 8.06 |
| FTNCOCOA | 0.27 | 0.29 | 0.02 | 7.41 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %change |
| MULTIVERSE | 4.4 | 3.96 | -0.44 | -10.00 |
| CWG | 0.99 | 0.9 | -0.09 | -9.09 |
| FLOURMILL | 34.95 | 32 | -2.95 | -8.44 |
| CHAMS | 0.28 | 0.26 | -0.02 | -7.14 |
| RTBRISCOE | 0.28 | 0.27 | -0.01 | -3.57 |
| STERLNBANK | 1.56 | 1.52 | -0.04 | -2.56 |
| GLAXOSMITH | 6.85 | 6.7 | -0.15 | -2.19 |
Top 7 Traders by Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| FIDELITYBK | 5.1 | 223 | 39,979,559 | 201,971,018.79 |
| ZENITHBANK | 26.5 | 350 | 34,247,198 | 907,535,938.70 |
| OANDO | 4.8 | 328 | 22,568,585 | 109,095,981.01 |
| TRANSCORP | 1.34 | 90 | 17,826,067 | 23,260,098.26 |
| GTCO | 26.65 | 254 | 10,366,486 | 274,653,431.80 |
| FCMB | 4.46 | 103 | 9,776,741 | 44,536,379.94 |
| JAPAULGOLD | 0.28 | 28 | 9,417,691 | 2,638,889.48 |
Top 7 Traders by Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| DANGCEM | 278 | 162 | 5,723,495 | 1,575,829,595.00 |
| ZENITHBANK | 26.5 | 350 | 34,247,198 | 907,535,938.70 |
| GTCO | 26.65 | 254 | 10,366,486 | 274,653,431.80 |
| FIDELITYBK | 5.1 | 223 | 39,979,559 | 201,971,018.79 |
| WAPCO | 27.4 | 220 | 4,961,879 | 133,819,774.70 |
| AIRTELAFRI | 1620 | 33 | 86,101 | 132,165,627.90 |
| OANDO | 4.8 | 328 | 22,568,585 | 109,095,981.01 |
OUTLOOK
We expect positive sentiment to continue as investment earning seasons arrive and accompanied with the current political uncertainties and cashless policy in the country.
