The Nigeria Equity Market closed for today, Tuesday (02/08/2022) bullish, as the NGX rose by 1.35% to 50,626.04 from 49,950.32 indicating a YTD return of +18.52%. Similarly, the market capitalization increased by N364.39 billion to N27.30 trillion from N26.94 trillion. The market turnover decreased to N2.86 billion from N2.27 billion. The market breadth was positive at 2.4x, as 19 stocks advanced and 8 stocks declined, while 78 remained unchanged. HONYFLOUR topped the gainers’ list with +9.66%, while WAPIC dropped by -9.76% to lead the losers’ chart. Also, FBNH recorded the highest volume of trade and NESTLE recorded the highest value of trade for the day.
Stocks whose share prices gained during intra-day trading include: HONYFLOUR (+9.96%),JAIZBANK (+9.48%), CAVERTON (+8.18%), JAPAULGOLD (+8.00%), MANSARD (+7.56%), MTNN (+7.45%), CUTIX (+5.50%), UACN (+4.76%), WEMABANK (+3.03%), UPDC (+3.00%), NESTLE (+2.99%), ZENITHBANK (+1.90%),and UNILEVER (+2.74%), 
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MARKET STATISTICS
| CAP | N27,300,577,079,322.84 | One Day (ASI CHG) | +1.35 |
| Index | 50,626.04 | One Week (ASI CHG) | +0.36% |
| Volume | 129,166,039 | One Month (ASI CHG) | -2.32% |
| Value | N2,861,547,115.76 | Six Months (ASI CHG) | +7.87% |
| Deals | 4,706 | 52 Weeks (ASI CHG) | +31.14% |
| Gainers | 19 | Losers | 8 |
| Unchanged | 78 | Total | 105 |
| YTD Returns | +18.52% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 1.35 |
| NGX30 | 1.51 |
| NGXBNK | 0.63 |
| NGXCNSMRGDS | 1.14 |
| NGXINDUSTR | 0.02 |
| NGXINS | -0.04 |
| NGXLOTUSISLM | 1.49 |
| NGXOILGAS | 0.0 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| HONYFLOUR | 2.07 | 2.27 | 0.20 | 9.66 |
| JAIZBANK | 0.74 | 0.81 | 0.07 | 9.46 |
| CAVERTON | 1.10 | 1.19 | 0.09 | 8.18 |
| JAPAULGOLD | 0.25 | 0.27 | 0.02 | 8.00 |
| MANSARD | 1.72 | 1.85 | 0.13 | 7.56 |
| MTNN | 200.10 | 215.00 | 14.90 | 7.45 |
| CUTIX | 2.18 | 2.30 | 0.12 | 5.50 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| WAPIC | 0.41 | 0.37 | -0.04 | -9.76 |
| CHAMS | 0.25 | 0.23 | -0.02 | -8.00 |
| NGXGROUP | 21.95 | 21.35 | -0.60 | -2.73 |
| UBA | 7.20 | 7.05 | -0.15 | -2.08 |
| LINKASSURE | 0.51 | 0.50 | -0.01 | -1.96 |
| FCMB | 3.10 | 3.05 | -0.05 | -1.61 |
| CHIPLC | 0.69 | 0.68 | -0.01 | -1.45 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| FBNH | 10.95 | 145.00 | 14,594,584.00 | 159,556,311.85 |
| MULTIVERSE | 1.90 | 5.00 | 9,478,015.00 | 18,008,190.08 |
| GTCO | 20.35 | 350.00 | 9,367,181.00 | 191,029,058.30 |
| ZENITHBANK | 21.40 | 350.00 | 9,293,445.00 | 196,244,687.15 |
| AIICO | 0.57 | 64.00 | 6,388,458.00 | 3,765,553.37 |
| STERLNBANK | 1.50 | 49.00 | 6,356,093.00 | 9,484,877.54 |
| UBA | 7.05 | 205.00 | 5,949,725.00 | 42,281,099.15 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| NESTLE | 1300.00 | 129.00 | 575,987.00 | 748,093,425.40 |
| MTNN | 215.00 | 423.00 | 3,067,992.00 | 659,066,285.00 |
| ZENITHBANK | 21.40 | 350.00 | 9,293,445.00 | 196,244,687.15 |
| GTCO | 20.35 | 350.00 | 9,367,181.00 | 191,029,058.30 |
| FBNH | 10.95 | 145.00 | 14,594,584.00 | 159,556,311.85 |
| SEPLAT | 1430.50 | 66.00 | 78,201.00 | 109,302,425.40 |
| GUINNESS | 90.50 | 164.00 | 1,039,271.00 | 86,771,208.40 |
OUTLOOK
Transaction on the equity market for today closed positive, as investors’ increased bullish sentiment in HONYFLOUR, JAIZBANK, NESTLE , MTNN, 15 Others, lifted the market by +1.35%. We expect a continuous mixed sentiment as more companies Q2 performances are released.
