Trading activities in the Nigeria Equities Market closed negative today Monday (17/04/2023) as the NGX-ASI decreased by 1.48% to close at 51,127.38 compared to 51,893.94 recorded at the close of the previous trading day; indicating a YTD return of -0.24%.
Similarly, the market capitalization decreased by N417.6 billion to N27.8503 trillion from N28.2679 trillion recorded at the previous trading day’s close, while the market turnover decreased to N1.57 billion from N2.36 billion.
The market breadth was negative at 0.89x as 16 stocks advanced and 18 stocks declined, while 68 stocks remained unchanged. IKEJAHOTEL topped the gainers’ list with +9.48%, while CHAMPION declined by -9.94% to lead the losers’ chart.
TRANSCORP recorded the highest volume and ZENITHBANK recorded the highest value for the day.
Read: NGX Price List for Monday, 17th April 2023
MARKET STATISTICS
| CAP | N27,850,306,897,251.18 | One Day (ASI CHG) | -1.48% |
| Index | 51,127.38 | One Week (ASI CHG) | -1.59% |
| Volume | 226,593,959 | One Month (ASI CHG) | -6.85% |
| Value | N1,567,996,424.23 | Six Months (ASI CHG) | +7.48% |
| Deals | 4,373.00 | 52 Weeks (ASI CHG) | +7.50% |
| Gainers | 16 | Losers | 18 |
| Unchanged | 68 | Total | 102 |
| YTD Returns | -0.24% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -1.48 |
| NGX30 | -1.46 |
| NGXBNK | -5.53 |
| NGXCNSMRGDS | 0.07 |
| NGXINDUSTR | 0.00 |
| NGXINS | 0.13 |
| NGXLOTUSISLM | -0.94 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price(N) | Change Price (N) | %Change |
| IKEJAHOTEL | 1.16 | 1.27 | 0.11 | 9.48 |
| TRANSCORP | 1.69 | 1.85 | 0.16 | 9.47 |
| CHIPLC | 0.57 | 0.62 | 0.05 | 8.77 |
| NGXGROUP | 24.50 | 26.50 | 2.00 | 8.16 |
| JAIZBANK | 0.88 | 0.93 | 0.05 | 5.68 |
| PZ | 11.00 | 11.55 | 0.55 | 5.00 |
| UBA | 7.60 | 7.90 | 0.30 | 3.95 |
Top 7 Losers
| Security | Previous Close (N) | Close Price (N) | Change Price (N) | %Change |
| CHAMPION | 4.93 | 4.92 | -0.49 | -9.94 |
| INTENEGINS | 1.29 | 1.20 | -0.09 | -6.98 |
| MTNN | 240.00 | 224.00 | -16.00 | -6.67 |
| TRANSCOHOT | 6.90 | 6.50 | -0.40 | -5.80 |
| AFRIPRUD | 5.50 | 5.20 | -0.30 | -5.45 |
| AIICO | 0.59 | 0.56 | -0.03 | -5.08 |
| CUTIX | 2.30 | 2.21 | -0.09 | -3.91 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Number of Trades | Daily Volume |
| TRANSCORP | 1.85 | 88 | 63,440,491 |
| FIDELITYBK | 5.12 | 177 | 41,306,390 |
| STERLINGNG | 1.46 | 70 | 22,781,100 |
| ZENITHBANK | 22.00 | 564 | 13,368,618 |
| UBA | 7.90 | 272 | 10,285,756 |
| GTCO | 25.00 | 293 | 7,306,328 |
| JAIZBANK | 0.93 | 58 | 7,056,088 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Daily Value (N) |
| ZENITHBANK | 22.00 | 564 | 292,630,715.40 |
| FIDELITYBK | 5.12 | 177 | 210,899,861.78 |
| GTCO | 25.00 | 293 | 181,815,818.80 |
| MTNN | 224.00 | 263 | 131,371,574.90 |
| TRANSCORP | 1.85 | 88 | 117,364,908.35 |
| UBA | 7.90 | 272 | 80,685,519.40 |
| SEPLAT | 1,150.00 | 36 | 78,473,052.50 |
OUTLOOK
The Nigerian Equity market begins this week bearish as investors continue to trade cautiously. Low liquidity in the equities space occasioned by high yields in the fixed income (FI) market, rising inflation and high-interest rate have continued to depress appetite for stocks.
