Investors’ Bargain Hunting Sustains Bullish Momentum,Wrapping up the Week in Green

The Nigeria Equity Market closed for today, Friday (24/06/2022) positive, as the NGX-ASI increased by 0.17% to 51,705.61 from 51,618.73, indicating a YTD return of +24.01%. Similarly, the market capitalization grew by N46.83 billion to N27.87 trillion from  N27.83 trillion. The market turnover decreased to N1.83 billion from N2.86 billion. The market breadth was negative at 0.67x, as 12 stocks advanced and 18 stocks declined, while 79 remained unchanged. CHAMPION topped the gainers’ list with 10%, while LIVESTOCK dropped by -9.09% to lead the losers’ chart. Also, OANDO recorded the highest volume of trades for the day. 

Stocks whose share prices gained during intra-day trading include: CHAMPION (+10.00%), JOHNHOLT(+8.62%), MAYBAKER(+8.47%),  INTBREW(+5.26%), FBNH(+4.46%), BUAFOODS(+3.97%), UCAP(+3.67%), JAPAULGOLD(+3.45%), HONYFLOUR(+1.00%), STERLNBANK(+0.66%), MTNN(+0.26%), and  ZENITHBANK(+0.23%).

A total turnover of 1.12 billion shares worth N13.7 billion in 22,349 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 940.892 million shares valued at N11.494 billion that exchanged hands last week in 20,077 deals.

Click here for more on the price list

MARKET STATISTICS

CAP N27,874,993,759,921.56 One Day (ASI CHG) +0.17%
Index 51,705.61 One Week (ASI CHG) -0.14%
Volume 156,088,015.00 One Week (ASI CHG) -0.47%
Value N1,834,722,764.80 Six Months (ASI CHG) +22.34%
Deals 4,312.00 52 Weeks (ASI CHG) +36.23%
Gainers 12 Losers 18
Unchanged 79 Total 109
  YTD Returns +21.04%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security       Change Percent
ASI 0.17
NGX30 0.04
NGXBNK 0.06
NGXCNSMRGDS -0.56
NGXINDUSTR 0.00
NGXINS -0.71
NGXLOTUSISLM 0.04
NGXOILGAS -0.46

Top 7 Gainers

Security Previous Close Close Price Change Price % change
CHAMPION 3.40 3.74 0.34 10.00
JOHNHOLT 0.58 0.63 0.05 8.62
MAYBAKER 3.66 3.97 0.31 8.47
INTBREW 5.70 6.00 0.30 5.26
FBNH 10.10 10.55 0.45 4.46
BUAFOODS 52.90 55.00 2.10 3.97
UCAP 12.25 12.70 0.45 3.67

Top 7 Losers

Security Previous Close Close Price Change Price % change
LIVESTOCK 1.54 1.40 -0.14 -9.09
REDSTAREX 3.01 2.75 -0.26 -8.64
UNITYBNK 0.49 0.45 -0.04 -8.16
COURTVILLE 0.50 0.47 -0.03 -6.00
FCMB 3.50 3.30 -0.20 -5.71
VERITASKAP 0.21 0.20 -0.01 -4.76
NB 62.50 60.00 -2.50 -4.00

Top 7 Traders By Volume

Security Close Price  Trades Daily Volume Daily Value
OANDO 5.70 292   19,322,396   110,325,417
LINKASSURE 0.53 19   11,973,321        6,345,684
TRANSCORP 1.25 88     9,113,987     11,394,702
ACCESSCORP 9.50 159     8,978,845     85,326,350
UBA 7.45 162     8,892,614     66,686,264
ZENITHBANK 21.65 432     8,242,565   178,789,183
GTCO 20.90 464     7,042,524   147,215,068

Top 7 Traders By Value

Security Close Price  Trades  Daily Volume   Daily Value 
MTNN 230.10 189     1,040,314   239,089,954
SEPLAT 1290.00 26         151,150   194,991,917
ZENITHBANK 21.65 432     8,242,565   178,789,183
GTCO 20.90 464     7,042,524   147,215,068
NB 60.00 43     2,373,717   142,367,643
OANDO 5.70 292   19,322,396   110,325,417
PRESCO 165.00 79         639,527   103,107,357

 

OUTLOOK

Stock market rounds up the week bullish, as investors’ bargain hunting persists. This trend is expected to continue in the coming week.

WhatsApp
Facebook
LinkedIn
X