Bulls Reign as Equity Market Continues positive Trend

Trading activities on the equity market for today Thursday (28/04/2022) closed positive, as the NGX-ASI increased by 0.55% to 48,837.76  from 48,571.75, indicating a YTD return of +14.33%. Similarly, the market capitalization grew by N143.41 billion to N26.33 trillion from N26.19 trillion. The market turnover rose to N5.54bn from N2.32bn. The market breadth closed positive at 2x, as 34 stocks advanced against 17 stocks that declined, while 62 stocks remained unchanged. The share prices of CADBURY and MULTIVERSE gained 10.00% to top the gainers’ list, while CHAMPION declined by -6.88% to lead the losers’ chart. Also, FCMB recorded the highest volume of trades for the day. 

Stocks whose share prices gained during intra-day trading include:  CADBURY (+10.00%), MULTIVERSE (+10.00%), TRANSEXPR (+9.88%), CAP (+9.77%), SEPLAT (+9.09%), CHIPLC(+8.62%), UPDC (+8.33%), CUSTODIA (+8.33%), MEYER (+6.76%), AIICO (+5.71%), GUINNESS (+5.14%), LIVESTOCK (+3.70%), REGALINS (+3.23%), DANGSUGAR (+2.73%), UBN(+2.50%), UNILEVER (+2.22%), NEIMETH (+1.94%),  and ABBEYBDS (+1.83%).

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MARKET STATISTICS

CAP N26,328,938,050,424.26 One Day (ASI CHG) +0.55%
Index 48,837.76 One Week (ASI CHG) +1.27%
Volume 759,648,190 One Month (ASI CHG) +4.15%
Value N5,536,180,173.61 Six Months (ASI CHG) +16.39%
Deals 5,032 52 Weeks (ASI CHG) +25.93%
Gainers 34 Losers 17
Unchanged 62 Total 113
  YTD Returns +14.33%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI 0.55
NGX30 0.8
NGXBNK 0.86
NGXCNSMRGDS 0.67
NGXINDUSTR 0.03
NGXINS 1.13
NGXLOTUSISLM 0.38
NGXOILGAS 5.17

Top 7 Gainers

Security Previous Close Close Price Change Price %Change
CADBURY 8.50 9.35 0.85 10.00
MULTIVERSE 0.20 0.22 0.02 10.00
TRANSEXPR 0.81 0.89 0.08 9.88
CAP 19.95 21.90 1.95 9.77
SEPLAT 1100.00 1200.00 100.00 9.09
CHIPLC 0.58 0.63 0.05 8.62
CUSTODIAN 0.96 7.15 0.55 8.33

Top 7 Losers

Security Previous Close Close Price Change Price %Change
CHAMPION 2.47 2.30 -0.17 -6.88
FTNCOCOA 0.39 0.37 -0.02 -5.13
LINKASSURE 0.51 0.49 -0.02 -3.92
COURTVILLE 0.53 0.51 -0.02 -3.77
FIDELITYBK 3.75 3.62 -0.13 -3.47
RTBRISCOE 0.58 0.56 -0.02 -3.45
ETERNA 6.72 6.50 -0.22 -3.27

Top 7 Traders By Volume

Security Close Price Number of Trades Daily Volume Daily Value
FCMB 3.6 95    503,983,284.00    1,764,174,600.20
TRANSCORP 1.17 180      36,176,569.00          41,851,660.20
HONYFLOUR 3.7 165      25,066,485.00          92,815,891.38
FBNH 11.9 88      16,958,040.00       201,813,150.80
AIICO 0.74 120      16,604,165.00          12,522,114.60
ETI 12 119      15,596,973.00       187,143,393.85
GTCO 23.95 280      11,748,355.00       282,147,538.95

Top 7 Traders By Value

Security Close Price Number of Trades Daily Volume Daily Value
FCMB 3.6 95    503,983,284.00    1,764,174,600.20
MTNN 214 250         2,674,009.00       573,282,481.70
SEPLAT 1200 63            479,529.00       557,174,536.10
GUINNESS 93 130         4,378,630.00       409,893,236.45
GTCO 23.95 280      11,748,355.00       282,147,538.95
NB 57.05 213         3,710,367.00       207,687,191.80
FBNH 11.9 88      16,958,040.00       201,813,150.80

 

OUTLOOK

The market closed positively, as investors increased buying interest in all the sectors to continue the markets’ bullish trend. We expect positive sentiments to persist, as investors take positions, as companies’ Q1 2022 financial result rolls out.

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