Losses In Banking Stocks Drag ASI Down by 1.32%

Trading activities in the Nigeria Equities Market closed negative today Thursday (15/06/2023) as the NGX-ASI decreased by 1.32% to close at 59,195.21 compared to 59,985.10 recorded at the close of the previous trading day; indicating a YTD return of +15.50%.

Similarly, the market capitalization decreased by N430 billion to N32.2321 trillion from N32.6621 trillion recorded at the close of the previous trading day, while the market turnover decreased to N15.36 billion from N21.08 billion recorded at the close of the previous trading day.

The market breadth was negative at 1.06x as 36 stocks advanced and 38 stocks declined, while 45 stocks remained unchanged. TOTAL, MRS, and TRANSCOHOT topped the gainers’ list with +10.00%, while SUNUASSUR declined by -10.00% to lead the losers’ chart.

UBA recorded the highest volume for the day while GTCO recorded the highest value for the day.

Read: NGX Price List for Thursday, 15th June 2023

MARKET STATISTICS

CAPN32,232,083,115,273.56One Day (ASI CHG)-1.32%
Index59,195.21One Week (ASI CHG)+5.79%
Volume1,170,151,738One Month (ASI CHG)+13.60%
ValueN15,359,422,348.11Six Months (ASI CHG)+21.17%
Deals12,61152 Weeks (ASI CHG)+12.94%
Gainers36Losers38
Unchanged45Total119
YTD Returns+15.50%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change
ASI-1.32
NGX30-1.57
NGXBNK-4.16
NGXCNSMRGDS-0.44
NGXINDUSTR-0.21
NGXINS-0.67
NGXLOTUSISLM-0.75
NGXOILGAS12.12

Top 7 Gainers

SecurityPrevious Close (N)Close Price (N)Price Change%  Change
TOTAL306.10336.7030.6010.00
MRS62.5068.756.2510.00
TRANSCOHOT12.1013.311.2110.00
GUINNESS70.7077.707.009.90
NNFM12.6513.901.259.88
ETRANZACT4.845.320.489.92
IKEJAHOTEL3.013.310.309.97

Top 7 Losers

SecurityPrevious Close (N)Close Price (N)Price Change%  Change
SUNUASSUR0.500.45-0.05-10.00
CORNERST1.131.02-0.11-9.73
ACCESSCORP15.7014.25-1.45-9.24
RTBRISCOE0.340.31-0.03-8.82
JAPAULGOLD0.570.52-0.05-8.77
TANTALIZER0.230.21-0.02-8.70
CHAMS0.500.46-0.04-8.00

Top 7 Traded Stocks By Volume

SecurityClose Price (N)Number of Trades        Volume
UBA11.101,142           192,832,533
ACCESSCORP14.25910           121,537,991
FIDELITYBK6.91542           102,638,753
GTCO31.85914             99,847,631
STERLINGNG3.02274             79,277,606
ZENITHBANK32.05786             62,669,456
TRANSCORP3.37387             40,427,033

Top 7 Traded Stocks By Value

SecurityClose Price (N)Number of Trades     Value (N) 
GTCO31.85914  3,325,944,452.50
UBA11.101,142  2,344,643,362.00
ZENITHBANK32.05786  2,064,320,045.30
ACCESSCORP14.25910  1,962,105,888.20
FIDELITYBK6.91542     726,740,722.48
MTNN274.00470     653,926,545.30
DANGSUGAR24.00291     436,464,312.90

OUTLOOK

Market loss in today’s trading, however, the suspension of the CBN governor, the unification of the FX and macro economic factors would likely maintain the positive performance of the market on the long run.

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