The Nigerian equity market closed flat rising by 0.09% against Tuesday’s gain. The NGX- ASI rose to 47,109.25 from 47,064.82, indicating a YTD return of +10.28%. The market turnover increased to N8.26bn from N5.67bn, while market breadth was negative at 0.66x as 19 stocks advanced against 29 stocks, while 66 stocks remained unchanged. The share price of LEARNAFRCA gained 9.94% to top the gainer’s list, while UPDC declined by -6.36% to lead the losers’ chart.
Stocks whose share prices increased during intra-day trading include: LEARNAFRCA (+9.94%), SCOA(+9.55%), VERITASKAP(+8.70%) RTBRISCOE(+8.70%), JAPAULGOLD(+8.57%), ROYALEX(+8.43%), UACN(+6.52%), COURTVILLE(+5.88%), NEM(+5.14%), MULTIVERSE(+4.76%), JAIZBANK(+4.48%), STANBIC (+2.21%), UNITYBNK(+2.00%), CHIPLC(+1.61%), AFRIPRUD(+1.54%), CUTIX(+1.24%), CADBURY(+1.13%), AIRTELAFRI(+0.80%) and MTNN(+0.50%).
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MARKET STATISTICS
| CAP | N25,384.365386 | One Day (ASI CHG) | +0.09% |
| Index | 47109.25 | One Week (ASI CHG) | -0.10% |
| Volume | 318267444 | One Month (ASI CHG) | +5.97% |
| Value | N 8,265,818,807.69 | Six Months (ASI CHG) | +19.25% |
| Deals | 4962 | 52 Weeks (ASI CHG) | +16.34% |
| Gainers | 19 | Losers | 29 |
| Unchanged | 66 | Total | 114 |
| YTD Returns | +10.28% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | 0.09 |
| NGX30 | -0.09 |
| NGXBNK | -0.20 |
| NGXCNSMRGDS | -0.09 |
| NGXINDUSTR | -0.34 |
| NGXINS | -0.04 |
| NGXLOTUSISLM | 0.02 |
| NGXOILGAS | -0.04 |
Top 7 Gainer
| Security | Previous Close | Open Price | Close Price | Change Price | % change |
| LEARNAFRCA | 1.81 | 1.99 | 1.99 | 0.18 | 9.94 |
| SCOA | 1.78 | 1.78 | 1.95 | 0.17 | 9.55 |
| VERITASKAP | 0.23 | 0.23 | 0.25 | 0.02 | 8.70 |
| RTBRISCOE | 0.46 | 0.46 | 0.50 | 0.04 | 8.70 |
| JAPAULGOLD | 0.35 | 0.35 | 0.38 | 0.03 | 8.57 |
| ROYALEX | 0.83 | 0.83 | 0.90 | 0.07 | 8.43 |
| UACN | 9.20 | 9.20 | 9.80 | 0.60 | 6.52 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % change |
| UPDC | 1.10 | 1.10 | 1.03 | -0.07 | -6.36 |
| REGALINS | 0.39 | 0.39 | 0.37 | -0.02 | -5.13 |
| CILEASING | 3.78 | 3.78 | 3.60 | -0.18 | -4.76 |
| PRESTIGE | 0.45 | 0.45 | 0.43 | -0.02 | -4.44 |
| CHAMS | 0.23 | 0.23 | 0.22 | -0.01 | -4.35 |
| SOVRENINS | 0.24 | 0.24 | 0.23 | -0.01 | -4.17 |
| WAPIC | 0.50 | 0.50 | 0.48 | -0.02 | -4.00 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| ACCESS | 10.35 | 221 | 47,884,367.00 | 496,246,055.40 |
| MTNN | 200.00 | 223 | 21,697,248.00 | 4,339,604,859.30 |
| ZENITHBANK | 26.85 | 276 | 17,293,310.00 | 464,307,420.95 |
| UBA | 8.45 | 180 | 16,852,839.00 | 143,132,523.45 |
| NB | 47.50 | 169 | 16,836,614.00 | 800,796,812.05 |
| FIDELITYBK | 2.97 | 135 | 16,189,860.00 | 48,022,641.26 |
| TRANSCORP | 1.15 | 101 | 15,729,891.00 | 18,213,998.01 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| MTNN | 200.00 | 223 | 21,697,248.00 | 4,339,604,859.30 |
| NB | 47.50 | 169 | 16,836,614.00 | 800,796,812.05 |
| ACCESS | 10.35 | 221 | 47,884,367.00 | 496,246,055.40 |
| ZENITHBANK | 26.85 | 276 | 17,293,310.00 | 464,307,420.95 |
| GTCO | 26.00 | 312 | 14,215,503.00 | 372,809,161.45 |
| AIRTELAFRI | 1260.00 | 66 | 233,842.00 | 293,665,512.40 |
| STANBIC | 34.65 | 127 | 8,147,616.00 | 278,021,119.85 |
OUTLOOK
Investors remain jittery about the state of the economy and have resolved to study conditions before making aggressive bets . This can be seen in a tepid market volatility from the past week. Baring any significant events, we expect market activities to maintain its current lukewarm trend, however it is expected that the week experiences some positivism as investors take positions in stocks yet to release their financial statements.
