The Nigeria Equity Market closed today, Tuesday (31/05/2022), negative as the NGX-ASI declined by 0.25% to 53,637.14 from 53,772.14, indicating a YTD return of +25.57%. Similarly, the market capitalization decreased by N72.78 billion to N28.92 trillion from N28.99 trillion. The market turnover decreased to N3.71 billion from N194.36 billion. The market breadth was positive at 1.18x, as 20 stocks advanced and 17 stocks declined, while 73 remained unchanged. TRANSCORP top the gainers’ list with 6.84%, while NB declined by -9.96% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume of trades for the day.
Stocks whose share prices lost during intra-day trading include: NB (-9.96%), NNFM (-9.83%), JAPAULGOLD (-9.09%), PRESTIGE (-6.98%), MULTIVERSE (-4.76%), SOVRENINS (-4.00%), UCAP (+3.35%), HONYFLOUR (-3.14%), WAPCO (-2.35%), ROYALEX (-1.92%), UBA (-1.90%), ZENITHBANK (-1.68%), GTCO (-1.53%), STANBIC (-1.47%), FLOURMILL (-0.98%), and STERLNBANK (-0.66%)
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MARKET STATISTICS
| CAP | N28,916,318,018,261.00 | One Day (ASI CHG) | -0.25% |
| Index | 53,637.14 | One Week (ASI CHG) | +3.25% |
| Volume | 318,278,141 | One Month (ASI CHG) | +8.05% |
| Value | N3,713,699,730.16 | Six Months (ASI CHG) | +24.02% |
| Deals | 5,190 | 52 Weeks (ASI CHG) | +39.54% |
| Gainers | 20 | Losers | 17 |
| Unchanged | 73 | Total | 110 |
| YTD Returns | +25.57% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.25 |
| NGX30 | -0.38 |
| NGXBNK | -0.15 |
| NGXCNSMRGDS | -1.78 |
| NGXINDUSTR | -0.16 |
| NGXINS | -0.13 |
| NGXLOTUSISLM | -0.03 |
| NGXOILGAS | 0.05 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| TRANSCOHOT | 5.85 | 5.85 | 6.25 | 0.40 | 6.84 |
| CHAMPION | 3.76 | 3.76 | 3.95 | 0.19 | 5.05 |
| CWG | 0.99 | 0.99 | 1.04 | 0.05 | 5.05 |
| ETI | 11.90 | 11.90 | 12.50 | 0.60 | 5.04 |
| LASACO | 1.04 | 1.04 | 1.09 | 0.05 | 4.81 |
| GUINNESS | 87.10 | 87.10 | 90.50 | 3.40 | 3.90 |
| REGALINS | 0.28 | 0.28 | 0.29 | 0.01 | 3.57 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| NB | 69.30 | 69.30 | 62.40 | -6.90 | -9.96 |
| NNFM | 11.70 | 11.70 | 10.55 | -1.15 | -9.83 |
| JAPAULGOLD | 0.33 | 0.33 | 0.30 | -0.03 | -9.09 |
| PRESTIGE | 0.43 | 0.43 | 0.40 | -0.03 | -6.98 |
| MULTIVERSE | 0.21 | 0.21 | 0.20 | -0.01 | -4.76 |
| SOVRENINS | 0.25 | 0.25 | 0.24 | -0.01 | -4.00 |
| UCAP | 13.45 | 13.45 | 13.00 | -0.45 | -3.35 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.25 | 216 | 86,743,395 | 111,727,410.44 |
| JAIZBANK | 0.88 | 103 | 22,765,697 | 20,250,949.55 |
| SOVRENINS | 0.24 | 10 | 20,021,474 | 5,026,543.95 |
| FCMB | 3.5 | 122 | 19,757,241 | 68,504,710.22 |
| STERLNBANK | 1.5 | 82 | 17,169,726 | 25,707,768.19 |
| ACCESSCORP | 10 | 215 | 14,117,716 | 140,876,883.00 |
| ZENITHBANK | 23.45 | 397 | 11,978,966 | 282,305,315.05 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| MTNN | 230 | 425 | 7,140,287 | 1,643,218,332.00 |
| ZENITHBANK | 23.45 | 397 | 11,978,966 | 282,305,315.05 |
| STANBIC | 33.5 | 48 | 6,551,696 | 220,126,732.75 |
| NGXGROUP | 24 | 44 | 8,019,933 | 191,008,839.50 |
| ACCESSCORP | 10 | 215 | 14,117,716 | 140,876,883.00 |
| GTCO | 22.55 | 328 | 5,906,388 | 134,315,622.90 |
| TRANSCORP | 1.25 | 216 | 86,743,395 | 111,727,410.44 |
OUTLOOK
The equity market closed negative again, as profit-taking was seen across the major market sectors, excluding the Oil & Gas sector, which increased marginally by 0.05%. We expect a slowdown in the equity market as the fixed income rate might become appealing to investors in the near term.
