Equities Extends Bearish Performance, Dips By N96.51bn

Trading activities in the Nigerian Equities Market closed negative today, Thursday (17/08/2023) by 0.27% as the NGX-ASI decreased to 64,448.96 compared to 64,625.28 recorded at the close of the previous trading day; indicating a YTD return of +25.75%.

The market capitalization decreased today by N96.51 billion to N35.273 trillion from N35.369 trillion recorded at the close of the previous trading day, while the market turnover decreased to N3.73 billion from N7.43 billion recorded at the close of the previous trading day.

The market breadth was positive at 1.17x as 20 stocks advanced and 17 stocks declined, while 77 stocks remained unchanged. JOHNHOLT topped the gainers’ list with +10.00% , while GUINEAINS declined by -8.57% to lead the losers’ chart.

FIDELITYBK recorded the highest volume and the highest value for the day.

Read: NGX Price List for Thursday, 17th August 2023

MARKET STATISTICS

CAPN35,273,371,863,219.99One Day (ASI CHG)-0.27%
Index64,448.96One Week (ASI CHG)-1.16%
Volume320,346,677One Month (ASI CHG)+1.07%
ValueN3,729,425,470.86Six Months (ASI CHG)+19.78%
Deals5,17652 Weeks (ASI CHG)+29.70%
Gainers20Losers17
Unchanged77Total114
YTD Returns+25.75%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security % Change 
ASI-0.27
NGX300.08
NGXBNK-0.47
NGXCNSMRGDS0.34
NGXINDUSTR-0.03
NGXINS0.49
NGXLOTUSISLM-0.06
NGXOILGAS0.06

Top 7 Gainers

SecuritiesPrevious Close (N)Close Price (N)Price Change % Change
JOHNHOLT1.201.320.1210.00
CWG3.283.600.329.76
PRESTIGE0.480.520.048.33
CUTIX2.502.700.28.00
LINKASSURE0.910.980.077.69
DANGSUGAR34.0035.51.54.41
FTNCOCOA2.152.240.094.19

Top 7 Losers

SecuritiesPrevious Close (N)Close Price (N)Price Change % Change
GUINEAINS0.350.32-0.03-8.57
RTBRISCOE0.490.45-0.04-8.16
CHIPLC0.920.85-0.07-7.61
SUNUASSUR0.860.80-0.06-6.98
DEAPCAP0.300.28-0.02-6.67
NASCON36.9035.00-1.9-5.15
UNITYBNK1.341.29-0.05-3.73

Top 7 Traded Stocks By Volume

SecuritiesClose Price (N)Number of Trades Daily Volume 
FIDELITYBK7.50140         80,045,827
TRANSCORP4.01231         34,268,919
UBA13.95230         24,398,284
UNIVINSURE0.2348         22,429,631
FBNH18.65218         19,096,589
ACCESSCORP16.70367         16,490,976
GTCO37.10240         12,860,712

Top 7 Traded Stocks By Value

SecuritiesClose Price (N)Number of Trades Daily Value ( N) 
FIDELITYBK7.50140   595,543,955.95
GTCO37.10240   476,157,833.30
FBNH18.65218   353,481,428.70
UBA13.95230   340,020,059.90
ACCESSCORP16.70367   275,935,582.85
ZENITHBANK34.00249   248,116,495.90
MTNN274.40327   244,283,707.50

OUTLOOK

We have seen slight recovery in today’s trading, we still expect mixed sentiment in the market as investors react to corporate earnings and the July inflation report.

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