The Nigerian equities market shed 0.01%, as the rout in equities prices reversed Wednesday’s gain, while investors sentiment was negative. NGX- ASI decreased to 44,604.74 from 44,608.82, while the YTD return of the index dipped to +4.42% from +4.43%. The total market capitalization remained at par of N24.03trn as investors lost N2.20bn.
The market turnover decreased to N3.66 from N3.82bn, while market breadth was negative at 0.93x as 14 stocks advanced against 15 stocks that declined, 77 stocks remained unchanged. The share price of TRANSCORP increased by 9.71% to top the gainer’s chart, while NEM lost -10.00% to lead the losers’ chart.
Stocks whose share prices decreased during intra-day trading include: NEM(-10.00%), CUSTODIAN(-9.49%), UACN(-5.21%), FTNCOCOA(-5.13%), JAPAULGOLD(-4.44%), SOVRENINS(-3.85%), MBENEFIT(-3.45%), HONYFLOUR(-2.35%), WAPIC(-2.04%), UBN(-1.771%), UNILEVER(-1.49%), UCAP(-0.91%), LASACO(-0.88%), UPDC(-0.86%) and STANBIC(-0.80%),
MARKET STATISTICS
| CAP | N24,032,205,389,080.54 | One Day (ASI CHG) | -0.01% |
| Index | 44,604.74 | One Week (ASI CHG) | +2.29% |
| Volume | 321,753,226.00 | One Month (ASI CHG) | +5.17% |
| Value | N3,655,003,165.22 | Six Months (ASI CHG) | +17.82% |
| Deals | 4,565.00 | 52 Weeks (ASI CHG) | +10.57% |
| Gainers | 14 | Losers | 15 |
| Unchanged | 77 | Total | 106 |
| YTD Returns | +4.42% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.01 |
| NGX30 | 0.18 |
| NGXBNK | 0.07 |
| NGXCNSMRGDS | 0.16 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.93 |
| NGXLOTUSISLM | 0.03 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % change |
| TRANSCORP | 1.03 | 1.03 | 1.13 | 0.10 | 9.71 |
| CHIPLC | 0.63 | 0.63 | 0.68 | 0.05 | 7.94 |
| REGALINS | 0.42 | 0.42 | 0.45 | 0.03 | 7.14 |
| JAIZBANK | 0.66 | 0.66 | 0.70 | 0.04 | 6.06 |
| INTBREW | 4.95 | 4.95 | 5.15 | 0.20 | 4.04 |
| FIDSON | 6.60 | 6.60 | 6.84 | 0.24 | 3.64 |
| COURTVILLE | 0.36 | 0.36 | 0.37 | 0.01 | 2.78 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % change |
| NEM | 4.40 | 4.40 | 3.96 | -0.44 | -10.00 |
| CUSTODIAN | 7.90 | 7.90 | 7.15 | -0.75 | -9.49 |
| UACN | 9.60 | 9.60 | 9.10 | -0.50 | -5.21 |
| FTNCOCOA | 0.39 | 0.39 | 0.37 | -0.02 | -5.13 |
| JAPAULGOLD | 0.45 | 0.45 | 0.43 | -0.02 | -4.44 |
| SOVRENINS | 0.26 | 0.26 | 0.25 | -0.01 | -3.85 |
| MBENEFIT | 0.29 | 0.29 | 0.28 | -0.01 | -3.45 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| TRANSCORP | 1.13 | 104,577,412.00 | 115,220,278.03 |
| JAIZBANK | 0.70 | 66,714,125.00 | 45,050,551.78 |
| MBENEFIT | 0.28 | 13,746,763.00 | 3,754,719.34 |
| FBNH | 12.00 | 12,587,856.00 | 151,301,248.60 |
| GTCO | 25.45 | 10,922,827.00 | 277,933,410.55 |
| AIICO | 0.80 | 9,171,718.00 | 7,029,369.23 |
| ACCESS | 9.50 | 8,933,838.00 | 84,833,157.20 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| SEPLAT | 690.00 | 1,334,339.00 | 920,640,254.30 |
| MTNN | 190.00 | 3,109,750.00 | 590,796,644.40 |
| GTCO | 25.45 | 10,922,827.00 | 277,933,410.55 |
| NB | 45.50 | 6,025,572.00 | 274,563,680.70 |
| STANBIC | 37.00 | 6,956,856.00 | 257,218,478.75 |
| DANGCEM | 275.00 | 780,274.00 | 210,801,604.30 |
| FBNH | 12.00 | 12,587,856.00 | 151,301,248.60 |
OUTLOOK
The negative performance of the equity market today can be attributed to profit taking mainly in the insurance sector, recording its second loss for the year. We expect bullish sentiments to return as investors look forward to corporate results for 2021 .
