Trading activities in the Nigeria Equities Market closed positive today Tuesday (16/05/2023) as the NGX-ASI increased by 0.36% to close at 52,419.33 compared to 52,231.29 recorded at the close of the previous trading day; indicating a YTD return of +2.28%.
Similarly, the market capitalization increased by N10.3billion to N28.543 trillion from N28.440 trillion recorded at the close of the previous trading day, while the market turnover increased to N6.79billion from N5.60 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.37x as 26 stocks advanced and 19 stocks declined, while 66 stocks remained unchanged. NB topped the gainers list with +9.96% while CWG declined by -9.63% to lead the loser’s chart.
UBA recorded the highest volume for the day while ZENITHBANK recorded the highest value for the day.
Read: NGX Price List for Tuesday, 16th May 2023
MARKET STATISTICS
| CAP | N28,542,644,844,259.95 | One Day (ASI CHG) | 0.36% |
| Index | 52,214.62 | One Week (ASI CHG) | -0.35% |
| Volume | 576,851,400 | One Month (ASI CHG) | +2.50% |
| Value | N6,789,554,256.29 | Six Months (ASI CHG) | +19.22% |
| Deal | 6,143 | 52 Weeks (ASI CHG) | -0.99% |
| Gainers | 26 | Losers | 19 |
| Unchanged | 66 | Total | 111 |
| YTD Returns | +2.28% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Percent |
| ASI | 0.36 |
| NGX30 | 0.58 |
| NGXBNK | 1.1 |
| NGXCNSMRGDS | 0.85 |
| NGXINDUSTR | 0.06 |
| NGXINS | 3.19 |
| NGXLOTUSISLM | 0.2 |
| NGXOILGAS | -0.72 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| NB | 32.1 | 35.3 | 3.2 | 9.97 |
| FTNCOCOA | 0.31 | 0.34 | 0.03 | 9.68 |
| SOVRENINS | 0.42 | 0.46 | 0.04 | 9.52 |
| CORNERST | 0.68 | 0.74 | 0.06 | 8.82 |
| TRANSCORP | 2.84 | 3.06 | 0.22 | 7.75 |
| MANSARD | 2.5 | 2.66 | 0.16 | 6.40 |
| JAIZBANK | 0.93 | 0.98 | 0.05 | 5.38 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| CWG | 1.87 | 1.69 | -0.18 | -9.63 |
| COURTVILLE | 0.46 | 0.43 | -0.03 | -6.52 |
| ARDOVA | 26.4 | 24.8 | -1.6 | -6.06 |
| GLAXOSMITH | 6.8 | 6.5 | -0.3 | -4.41 |
| ROYALEX | 0.5 | 0.48 | -0.02 | -4.00 |
| CHAMS | 0.3 | 0.29 | -0.01 | -3.33 |
| UPL | 1.8 | 1.75 | -0.05 | -2.78 |
Top 7 Traded Stocks By Volume
| Security | Previous Close(N) | Number of Trades | Volume |
| UBA | 8.4 | 373 | 94,307,647 |
| TRANSCORP | 2.84 | 621 | 86,420,759 |
| ACCESSCORP | 10 | 423 | 62,424,703 |
| ZENITHBANK | 24.15 | 450 | 57,386,003 |
| FBNH | 12 | 113 | 47,434,605 |
| MANSARD | 2.5 | 162 | 31,082,936 |
| GTCO | 24.1 | 461 | 29,222,967 |
Top 7 Traded Stocks By Value
| Security | Previous Close(N) | Number of Trades | Value |
| ZENITHBANK | 24.15 | 450 | 1,404,204,141.60 |
| UBA | 8.4 | 373 | 795,904,749.10 |
| GTCO | 24.1 | 461 | 723,974,682.40 |
| ACCESSCORP | 10 | 423 | 635,673,654.10 |
| MTNN | 229 | 318 | 616,143,403.00 |
| AIRTELAFRI | 1250 | 97 | 579,990,879.90 |
| FBNH | 12 | 113 | 571,490,774.85 |
OUTLOOK
The Nigerian Stock Market continued dominance to maintain its bullish strain for the week. We expect this strain to continue in the coming week as investors continue to focus on fundamentally sound stocks, impressive first-quarter (Q1) 2023 results and dividend payments.
