Trading activities in the Nigeria Equities Market closed Negative today Thursday (11/05/2023) as the NGX-ASI decreased by 0.09% to close at 52,161.24 compared to 52,209.06 recorded at the close of the previous trading day; indicating a YTD return of +1.78%.
Similarly, the market capitalization decreased by N26.00 billion to N28.402 trillion from N28.428 trillion recorded at the close of the previous trading day, while the market turnover decreased to N5.24 billion from N5.95 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.1x as 22 stocks advanced and 20 stocks declined, while 67 stocks remained unchanged. ARDOVA topped the gainers list with +10.00% while FCMB declined by -5.66% to lead the losers chart.
ACCESSCORP recorded the highest volume and value for the day.
Read: NGX Price List for Thursday, 11th May 2023
MARKET STATISTICS
| CAP | N28,402,116,345,366.08 | One Day (ASI CHG) | -0.09% |
| Index | 52,161.24 | One Week (ASI CHG) | -0.25% |
| Volume | 477,371,882 | One Month (ASI CHG) | +0.52% |
| Value | N5,240,696,382.29 | Six Months (ASI CHG) | +20.02% |
| Deal | 5,539 | 52 Weeks (ASI CHG) | -1.28% |
| Gainers | 22 | Losers | 20 |
| Unchanged | 67 | Total | 109 |
| YTD Returns | +1.78% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | %change |
| ASI | -0.09 |
| NGX30 | 0.06 |
| NGXBNK | -1.35 |
| NGXCNSMRGDS | -0.10 |
| NGXINDUSTR | -0.01 |
| NGXINS | 0.18 |
| NGXLOTUSISLM | -0.04 |
| NGXOILGAS | 1.34 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | %change |
| ARDOVA | 22.00 | 24.20 | 2.20 | 10.00 |
| NCR | 2.33 | 2.56 | 0.23 | 9.87 |
| MULTIVERSE | 3.75 | 4.12 | 0.37 | 9.87 |
| MRS | 27.95 | 30.70 | 2.75 | 9.84 |
| CWG | 1.74 | 1.91 | 0.17 | 9.77 |
| TRANSCORP | 2.15 | 2.36 | 0.21 | 9.77 |
| FTNCOCOA | 0.31 | 0.34 | 0.03 | 9.68 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | %change |
| FCMB | 4.24 | 4.00 | -0.24 | -5.66 |
| ACCESSCORP | 10.60 | 10.20 | -0.40 | -3.77 |
| STERLINGNG | 1.70 | 1.64 | -0.06 | -3.53 |
| NEIMETH | 1.50 | 1.45 | -0.05 | -3.33 |
| ROYALEX | 0.60 | 0.58 | -0.02 | -3.33 |
| INTBREW | 4.60 | 4.45 | -0.15 | -3.26 |
| GTCO | 24.60 | 24.00 | -0.60 | -2.44 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| ACCESSCORP | 10.20 | 611 | 169,321,237 |
| UBA | 8.10 | 266 | 102,058,557 |
| FIDELITYBK | 5.81 | 202 | 30,834,995 |
| GTCO | 24.00 | 577 | 30,388,688 |
| ZENITHBANK | 23.90 | 475 | 16,793,683 |
| ROYALEX | 0.58 | 50 | 16,624,396 |
| NAHCO | 12.85 | 164 | 11,818,666 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value(N) |
| ACCESSCORP | 10.20 | 611 | 1,743,133,876.40 |
| UBA | 8.10 | 266 | 819,273,041.40 |
| GTCO | 24.00 | 577 | 730,882,099.75 |
| ZENITHBANK | 23.90 | 475 | 404,422,499.40 |
| FIDELITYBK | 5.81 | 202 | 179,728,771.77 |
| BUACEMENT | 90.00 | 170 | 179,690,243.80 |
| NAHCO | 12.85 | 164 | 152,081,308.70 |
OUTLOOK
The market recorded a loss at the end of today’s trading. However, we expect a rebound as investors continue to focus on fundamentally sound stocks, impressive first-quarter (Q1) 2023 results and dividend payments.
