Equities Begin The Week Strong As ASI Posts Second Highest Gain For The Year.

Trading activities in the Nigeria Equities Market closed positive today Tuesday (13/06/2023) as the NGX-ASI increased by 3.99% to close at 58,163.59 compared to 55,956.59 recorded at the close of the previous trading day; indicating a YTD return of +13.49%.

Similarly, the market capitalization increased by N1.22 trillion to N31.6704 trillion from N30.4547 trillion recorded at the close of the previous trading day, while the market turnover increased to N19.23 billion from N6.09 billion recorded at the close of the previous trading day.

The market breadth was positive at 5.00x as 60 stocks advanced and 12 stocks declined, while 45 stocks remained unchanged. GTCO, ZENITHBANK, NASCON, ACCESSCORP, AND LASACO topped the gainers’ list with +10.00%, while ELLAHLAKES AND JOHNHOLT declined by -10.00% to lead the losers’ chart.

UBA recorded the highest volume for the day while GTCO recorded the highest value for the day.

Read: NGX Price List for Tuesday, 13th June 2023

MARKET STATISTICS

CAPN31,670,389,968,290.83One Day (ASI CHG)+3.99%
Index58,163.59One Week (ASI CHG)+3.79%
Volume1,186,493,589One Month (ASI CHG)+10.96%
ValueN19,225,628,644.35Six Months (ASI CHG)+18.99%
Deals10,36952 Weeks (ASI CHG)+9.33%
Gainers60Losers12
Unchanged45Total117
YTD Returns+13.49%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change
ASI3.99
NGX304.10
NGXBNK8.76
NGXCNSMRGDS3.36
NGXINDUSTR1.21
NGXINS4.83
NGXLOTUSISLM4.38
NGXOILGAS0.22

Top 7 Gainers

SecurityPrevious Close (N)Close Price (N)Price Change%  Change
GTCO28.0030.802.8010.00
ZENITHBANK28.0030.802.8010.00
NASCON15.5017.051.5510.00
ACCESSCORP13.0014.301.3010.00
LASACO1.801.980.1810.00
ETI12.6013.851.259.92
JAIZBANK1.331.460.139.77

Top 7 Losers

SecurityPrevious Close (N)Close Price (N) Price Change%  Change
ELLAHLAKES4.003.60-0.40-10.00
JOHNHOLT1.401.26-0.14-10.00
CAVERTON1.301.24-0.06-4.62
VERITASKAP0.230.22-0.01-4.35
HONYFLOUR3.503.35-0.15-4.29
UPDC1.201.15-0.05-4.17
ROYALEX0.580.56-0.02-3.45

Top 7 Traded Stocks By Volume

SecurityClose Price (N)Number of Trades  Volume 
UBA10.90608            214,944,107
GTCO30.80613            208,061,041
ZENITHBANK30.80743              85,699,690
JAPAULGOLD0.52216              72,595,535
ACCESSCORP14.30658              72,111,620
FIDELITYBK6.09400              71,085,278
UBN7.0534              50,447,314

Top 7 Traded Stocks By Value

SecurityClose Price (N)Number of Trades Value (N) 
GTCO30.80613  6,243,352,025.40
ZENITHBANK30.80743  2,623,370,905.90
UBA10.90608  2,333,078,888.35
MTNN259.00417  1,284,222,571.10
ACCESSCORP14.30658  1,015,486,855.40
FIDELITYBK6.09400     428,764,550.04
WAPCO28.10240     391,751,208.60

OUTLOOK

The market begins the week with a massive stride as the stock market reacts convincingly positive to the administrative change in CBN. Future trends are expected to be driven by new policies from the new CBN government along with other market factors.

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