The Nigeria Equity Market closed today, Thursday (2/06/2022), negative as the NGX-ASI declined by 0.25% to 52,840.21 from 52,974.15 , indicating a YTD return of +23.70%. Similarly, the market capitalization decreased by N72.25billion to N28.49trillion from N28.56 trillion. The market turnover increased to N4.03billion from N3.59 billion. The market breadth was negative at 0.46x, as 12 stocks advanced and 26 stocks declined, while 72 remained unchanged. ELLAHLAKES top the gainers’ list with 9.62%, while ROYALEX declined by -10% to lead the losers’ chart. Also, FBNH recorded the highest volume of trades for the day.
Stocks whose share prices lost during intra-day trading include: ROYALEX(-10.00%), CHAMPION(-8.63%), FCMB(-6.57%), INTBREW(-5.66%), MANSARD(-4.67%), NB(-4.65%), LINASSURE(-3.57%), ETERNA(-2.96%), FBNH(-2.20%), ZENITHBNK(-1.92%), UBA(-1.90%), TRANSCORP(-1.54%), FIDELITYBANK(-0.62%), ARDOVA(-0.33%), VITAFOAM(-0.22%), GTCO(-0.22%), JBERGER(-0.19%) and AIRTELAFRCA(-0.06%).
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MARKET STATISTICS
| CAP | N28,486,650,511,029.32 | One Day (ASI CHG) | -0.25% |
| Index | 52,840.21 | One Week (ASI CHG) | -0.59% |
| Volume | 274,428,596.00 | One Month (ASI CHG) | +6.45% |
| Value | N4,028,245,587.48 | Six Months (ASI CHG) | +25.07% |
| Deals | 5,011 | 52 Weeks (ASI CHG) | +37.31% |
| Gainers | 12 | Losers | 26 |
| Unchanged | 72 | Total | 110 |
| YTD Returns | +23.70% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.25 |
| NGX30 | -0.42 |
| NGXBNK | -0.97 |
| NGXCNSMRGDS | -1.29 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.60 |
| NGXLOTUSISLM | 0.03 |
| NGXOILGAS | -0.07 |
Top 7 Gainers
| Security | Previous | Close Price | Change Price | % change |
| ELLAHLAKES | 3.12 | 3.42 | 0.30 | 9.62 |
| PZ | 11.50 | 12.60 | 1.10 | 9.57 |
| SOVRENINS | 0.24 | 0.26 | 0.02 | 8.33 |
| NAHCO | 7.22 | 7.82 | 0.60 | 8.31 |
| ALEX | 6.70 | 7.20 | 0.50 | 7.46 |
| MBENEFIT | 0.24 | 0.25 | 0.01 | 4.17 |
| CAVERTON | 1.15 | 1.19 | 0.04 | 3.48 |
Top 7 Losers
| Security | Previous | Close Price | Change Price | % change |
| ROYALEX | 1.00 | 0.90 | -0.10 | -10.00 |
| GSPECPLC | 2.77 | 2.50 | -0.27 | -9.75 |
| CHAMPION | 3.94 | 3.60 | -0.34 | -8.63 |
| FCMB | 3.50 | 3.27 | -0.23 | -6.57 |
| INTBREW | 7.95 | 7.50 | -0.45 | -5.66 |
| NIGERINS | 0.21 | 0.20 | -0.01 | -4.76 |
| MANSARD | 2.14 | 2.04 | -0.10 | -4.67 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| FBNH | 11.10 | 167 | 74,658,224 | 836,141,402 |
| TRANSCORP | 1.28 | 135 | 31,368,366 | 40,165,728 |
| ZENITHBANK | 23.00 | 705 | 26,916,359 | 621,529,172 |
| GTCO | 22.55 | 348 | 17,801,779 | 401,508,447 |
| UBA | 7.75 | 151 | 12,475,565 | 98,011,558 |
| ACCESSCORP | 9.90 | 122 | 11,692,535 | 115,423,392 |
| FIDELITYBK | 3.22 | 157 | 10,640,954 | 34,358,443 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| FBNH | 11.10 | 167 | 74,658,224 | 836,141,402 |
| ZENITHBANK | 23.00 | 705 | 26,916,359 | 621,529,172 |
| GTCO | 22.55 | 348 | 17,801,779 | 401,508,447 |
| MTNN | 230.00 | 339 | 1,582,650 | 363,365,952 |
| NESTLE | 1400.00 | 29 | 184,920 | 258,856,267 |
| AIRTELAFRI | 1766.00 | 38 | 127,770 | 225,056,895 |
| DANGCEM | 277.00 | 132 | 693,836 | 180,641,929 |
OUTLOOK
Sell-off persists in the stock market as investors divert their investment interests to the fixed income market. We expect fixed income rates to continue to be appealing to investors in the near term.
