Investors’ Profit-taking in Blue Chip Stocks Extend Bearish Run by 3.23%

The Nigeria Equity Market closed trading activities for today Thursday (06/10/2022) negative as the NGX-ASI declined by 3.23% to 47,260.89 from 48,836.70; indicating a YTD return of +10.64%.

Similarly, the market capitalization decreased by N858..30 billion to N25.74 trillion from N 26.60 trillion. The market turnover increased to N2.52 billion from N2.22 billion.

The market breadth was negative at 0.61x, as 14 stocks advanced and 23 stocks declined, while 60 stocks remained unchanged. GEREGU topped the gainers’ list with +9.91%, while AIRTELAFRI declined by -10% to lead the losers’ chart. Also, GTCO recorded the highest volume while GEREGU recorded the highest value for the day.

Stocks whose share prices lost during intra-day trading include:

AIRTELAFRI (-10.00%),PRESCO(-9.99%), OKOMUOIL(-9.98%), HONYFLOUR(-8.66%), UBN(-8.59%), SOVRENINS(-7.41%), CHAMS(-6.90%), NEIMETH(-5.00%), NGXGRP(-4.65%), NASCON(-4.55%), WAPCO(-4.08%), UBA(-3.68%), STANBIC(-2.76%), GTCO(-2.02%), ETI(-1.77%), AIICO(-1.75%), FIDELITYBNK(-1.45%) and MTNN(-1.20%).  

Read: NGX Price List for Thursday, 6th October 2022

MARKET STATISTICS

CAPN25,741,737,448,860.78One Day (ASI CHG)-3.23%
Index47,260.89One Week (ASI CHG)-3.48%
Volume140,670,760One Month (ASI CHG)-4.80%
ValueN2,516,172,059.61Six Months (ASI CHG)+1.06%
Deals4,37152 Weeks (ASI CHG)+15.93%
Gainers14 Losers23
Unchanged60Total97
YTD Returns+10.64

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI-3.23
NGX30-3.10
NGXBNK-0.86
NGXCNSMRGDS-0.11
NGXINDUSTR-0.32
NGXINS-0.31
NGXLOTUSISLM-3.30
NGXOILGAS 0.00

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price% change
GEREGU110.00120.9010.909.91
LIVESTOCK1.021.120.109.80
CUTIX2.002.160.168.00
CORNERST0.510.530.023.92
FCMB3.133.250.123.83
WEMABANK3.233.350.123.72
FTNCOCOA0.270.280.013.70

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price% change
AIRTELAFRI2000.001800.00-200.00-10.00
PRESCO142.60128.35-14.25-9.99
OKOMUOIL188.30169.50-18.80-9.98
HONYFLOUR2.312.11-0.20-8.66
REDSTAREX2.322.12-0.20-8.62
UBN6.405.85-0.55-8.59
SOVRENINS0.270.25-0.02-7.41

Top 7 Traders by Volume

SecurityClose Price TradesDaily VolumeDaily Value
GTCO16.95715  27,729,958   471,484,539
STERLNBANK1.5099  25,429,504      39,043,043
ZENITHBANK19.30372  14,400,498   276,453,118
TRANSCORP1.05188  13,207,268      13,823,087
GEREGU120.90467    4,964,132   586,759,777
ACCESSCORP7.60145    3,616,570      27,189,311
UBA6.55167    3,461,122      23,345,361

Top 7 Traders by Value

SecurityClose Price Trades        Daily Volume          Daily Value 
GEREGU120.90467             4,964,132          586,759,777
GTCO16.95715          27,729,958          471,484,539
ZENITHBANK19.30372          14,400,498          276,453,118
SEPLAT1250.0014                189,508          213,346,300
MTNN197.40259             1,070,083          209,917,504
AIRTELAFRI1800.006                100,022          180,039,600
STANBIC28.2067             2,195,230             62,483,743

OUTLOOK

We expect mixed sentiments to continue this week, as investors settle into a new interest rate environment.

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