Investors’ Bargain Hunting Propels Stock Market to Round Up the Week with a Gain of 1.64%,

Trading activities on the equity market for today Friday (29/04/2022) closed positive, as the NGX-ASI increased by 1.64% to 49,638.94 from 48,837.76, indicating a YTD return of +16.21%. Similarly, the market capitalization grew by N431.92 billion to N26.76 trillion from N26.33 trillion. The market turnover rose to N30,23bn from N5.54bn. The market breadth closed positive at 3x, as 36 stocks advanced against 12 stocks that declined, while 63 stocks remained unchanged. The share prices of NEM gained 10% to top the gainers’ list, while NPFMCRFBK declined by -10% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume of trades for the day. 

Stocks whose share prices gained during intra-day trading include:  NEM(+10.00%), ACADEMY(+9.70%), CADBURY(+9.63%), CHAMPION(+9.57%), JBERGER(+9.35%), NASCON(+8.33%), FCMB(+7.78%), AIICO(+6.76%), MANSARD(+6.09%), OANDO(+5.88%), AIRTELAFRI(+5.00%), FIDELITYBK(+4.97%), VITAFOAM(+4.75%), NESTLE(+3.23%), DANGCEM(+2.31%), TRANSCORP(+1.71%), FBNH(+0.84%), STANBIC(+0.57%), FLOURMIL(+0.30%),  MTNN(+0.23%), GTCO(+0.21%), NGXGROUP(+0.21%), and NB(+0.09%).

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MARKET STATISTICS

CAP N26,760,862,178,956.96 One Day (ASI CHG) +1.64%
Index 49,638.94 One Week (ASI CHG) +2.43%
Volume 6,405,732,462.00 One Month (ASI CHG) +5.97%
Value N30,239,490,691.35 Six Months (ASI CHG) +18.08%
Deals 6,378.00 52 Weeks (ASI CHG) +25.79%
Gainers 36 Losers 12
Unchanged 63 Total 111
  YTD Returns +16.21%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security          Change Percent
ASI 1.64
NGX30 0.82
NGXBNK 0.17
NGXCNSMRGDS 1.31
NGXINDUSTR 1.20
NGXINS 1.85
NGXLOTUSISLM 1.17
NGXOILGAS 0.68

Top 7 Gainers

Security Previous Close Close Price Change Price % change
NEM 4.00 4.40 0.40 10.00
ACADEMY 1.34 1.47 0.13 9.70
CADBURY 9.35 10.25 0.90 9.63
CHAMPION 2.30 2.52 0.22 9.57
JBERGER 27.80 30.40 2.60 9.35
NASCON 12.00 13.00 1.00 8.33
FCMB 3.60 3.88 0.28 7.78

Top 7 Losers

Security Previous Close Close Price Change Price % change
NPFMCRFBK 2.20 1.98 -0.22 -10.00
TRANSEXPR 0.89 0.81 -0.08 -8.99
ETERNA 6.50 6.02 -0.48 -7.38
CORNERST 0.62 0.59 -0.03 -4.84
DANGSUGAR 16.95 16.20 -0.75 -4.42
LASACO 1.06 1.02 -0.04 -3.77
CHIPLC 0.63 0.61 -0.02 -3.17

Top 7 Traders By Volume

Security Close Price  Trades     Daily Volume        Daily Value 
TRANSCORP 1.19 203    36,078,830.00      42,208,731.57
AIICO 0.79 146    27,134,478.00      20,894,352.48
FCMB 3.88 112    22,093,674.00      84,612,378.49
FBNH 12.00 150    16,497,423.00    196,951,199.50
ACCESSCORP 9.70 318    15,489,526.00    150,490,062.35
GTCO 24.00 317    14,892,969.00    357,447,131.35
ABBEYBDS 1.12 4    14,688,790.00      16,451,444.80

Top 7 Traders By Value

Security Close Price  Trades    Daily Volume      Daily Value
MTNN 214.50 539      3,314,344.00    711,484,519.00
NB 57.10 241      7,449,570.00    425,118,661.00
GTCO 24.00 317    14,892,969.00    357,447,131.35
SEPLAT 1200.00 69          291,536.00    349,853,392.50
AIRTELAFRI 1386.00 32          210,713.00    292,659,917.80
NGXGROUP 24.05 68    12,099,139.00    290,593,107.30
ZENITHBANK 24.50 373      8,165,463.00    200,341,534.00

OUTLOOK

Transactions on the market ended positively as the bullish trend persists, propelled by investors increased buying interest  in both medium and large stocks and impressive Q1 2022 results of some companies. We expect a continuity of this trend as the week rounds up for the Islamic break.

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