The equity market closed transaction today, Wednesday (30/03/2022) in the green, halting two days of consecutive market slide. The NGX-ASI grew by 0.13% to 46,904.48 from 46,843.09, indicating a YTD return of +9.80%. Similarly, the market capitalization also increased to N25.28 trillion from N25.25 trillion. The market turnover rose to N2.62 bn from N1.79 bn. The market breadth closed negative at 0.94x, as 16 stocks advanced against 17 stocks that declined, while 77 stocks remained unchanged. The share prices of IKEJAHOTEL and CORNERST gained 10.00% to top the gainers’ list, while CADBURY declined by -6.67% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: IKEJAHOTEL (+10.00%), CORNERST (+10.00%), ETERNA (+9.82%), UNITYBNK (+4.44%), ARDOVA (+2.56%), TRANSCORP (+2.02%), COURTVILLE (+1.92%), ETI (+1.69%), MTNN (+1.45%), FIDELITYBK (+0.96%), UBA (+0.65%), HONYFLOUR(+0.29%), and OANDO (+0.21)
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MARKET STATISTICS
| CAP | N25,278,961,189,969.49 | One Day (ASI CHG) | +0.13% |
| Index | 46,904.48 | One Week (ASI CHG) | -0.55% |
| Volume | 201,280,147 | One Month (ASI CHG) | -1.03% |
| Value | N2,620,759,808.91 | Six Months (ASI CHG) | +16.62% |
| Deals | 4,017 | 52 Weeks (ASI CHG) | +19.45% |
| Gainers | 16 | Losers | 17 |
| Unchanged | 77 | Total | 110 |
| YTD Returns | +9.80% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.13 |
| NGX30 | 0.18 |
| NGXBNK | -0.6 |
| NGXCNSMRGDS | -0.15 |
| NGXINDUSTR | -0.03 |
| NGXINS | 0.62 |
| NGXLOTUSISLM | 0.41 |
| NGXOILGAS | 0.27 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| CORNERST | 0.60 | 0.66 | 0.06 | 10.00 |
| IKEJAHOTEL | 1.20 | 1.32 | 0.12 | 10.00 |
| ETERNA | 4.99 | 5.48 | 0.49 | 9.82 |
| MEYER | 0.55 | 0.60 | 0.05 | 9.09 |
| CHAMS | 0.20 | 0.21 | 0.01 | 5.00 |
| UNITYBNK | 0.45 | 0.47 | 0.02 | 4.44 |
| MBENEFIT | 0.24 | 0.25 | 0.01 | 4.17 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| CADBURY | 9.00 | 8.40 | -0.60 | -6.67 |
| JAPAULGOLD | 0.34 | 0.32 | -0.02 | -5.88 |
| PZ | 11.20 | 10.60 | -0.60 | -5.36 |
| ROYALEX | 1.15 | 1.09 | -0.06 | -5.22 |
| MULTIVERSE | 0.24 | 0.23 | -0.01 | -4.17 |
| WAPIC | 0.48 | 0.46 | -0.02 | -4.17 |
| FTNCOCOA | 0.33 | 0.32 | -0.01 | -3.03 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| ETI | 12 | 109 | 61,893,328 | 742,033,523.60 |
| ACCESSCORP | 10 | 415 | 29,473,451 | 294,919,260.10 |
| ZENITHBANK | 22.75 | 482 | 15,835,968 | 361,799,520.25 |
| FIDELITYBK | 3.15 | 116 | 11,372,822 | 35,637,254.31 |
| TRANSCORP | 1.01 | 103 | 9,839,779 | 9,806,027.79 |
| UACN | 12.1 | 49 | 8,596,309 | 102,929,708.70 |
| UBA | 7.8 | 141 | 8,033,228 | 62,365,357.75 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| ETI | 12 | 109 | 61,893,328 | 742,033,523.60 |
| ZENITHBANK | 22.75 | 482 | 15,835,968 | 361,799,520.25 |
| ACCESSCORP | 10 | 415 | 29,473,451 | 294,919,260.10 |
| MTNN | 210 | 230 | 1,275,799 | 268,656,685.20 |
| GTCO | 23 | 335 | 5,492,648 | 126,719,108.90 |
| UACN | 12.1 | 49 | 8,596,309 | 102,929,708.70 |
| NGXGROUP | 24 | 59 | 3,953,014 | 96,902,678.55 |
OUTLOOK
The market recovered slightly today after two days of losses. As Inflationary pressures persist, investors appear indecisive in their trading activities and might tend to tilt towards the fixed income market as yields rise. We expect to witness mixed sentiment in the coming trading days.
