Market Gains N165B As Investors Shuns Risks, Invest In Stocks Ahead Of Election.

The Nigeria Equity Market closed trading activities for today Friday (24/02/2023) positive, as the NGX-ASI increased by +0.55% to 54,949.21 from 54,646.38 ; indicating a YTD return of +7.22%.

Similarly, the market capitalization increased by N164.97 billion to N29.93 trillion from N29.77 trillion. The market turnover increased to N2.50 billion from N1.85 billion.

The market breadth was positive at 2.64 x as 29 stocks advanced and 11 stocks declined, while 75 stocks remained unchanged. JOHNHOLTtopped the gainers’ list with +10.00% , while CORNERST declined by -7.69% to lead the losers’ chart. Also, GTCO recorded the highest volume for the day and SEPLATrecorded the highest value for the day.

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

JOHNHOLT(+10.00%), CONOIL(+9.94%), MRS(+9.89%), CWG(+8.99%), TRIPPLEG(+8.71%), ABCTRANS(+8.57%), ETI(+8.33%), CHAMS(+7.69%), WAPIC(+7.32%), and PRESTIGE(+7.14%).

Read: NGX Price List for Friday, 24th February, 2023

MARKET STATISTICS

CAPN29,933,769,958,002.07One Day (ASI CHG)+0.55%
Index54,949.21One Week (ASI CHG)+2.13%
Volume119,095,242.00One Month (ASI CHG)+4.44%
ValueN2,501,806,315.26Six Months (ASI CHG)+12.89%
Deals2,820.0052 Weeks (ASI CHG)+16.24%
Gainers29 Losers11
Unchanged75Total 115
YTD Returns+7.22%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.55
NGX300.62
NGXBNK1.76
NGXCNSMRGDS2.55
NGXINDUSTR0.33
NGXINS0.48
NGXLOTUSISLM0.79
NGXOILGAS1.19

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price% Change
JOHNHOLT1.61.760.1610.00
CONOIL38.7542.63.859.94
MRS27.830.552.759.89
CWG0.890.970.088.99
TRIPPLEG2.412.620.218.71
ABCTRANS0.350.380.038.57
ETI121318.33

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price% Change
CORNERST0.650.6-0.05-7.69
COURTVILLE0.480.46-0.02-4.17
REGALINS0.290.28-0.01-3.45
JAPAULGOLD0.30.29-0.01-3.33
ETERNA76.85-0.15-2.14
AFRIPRUD6.46.3-0.1-1.56
NB4241.5-0.5-1.19

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
GTCO25.5171   14,140,639.00   358,248,794.40
TRANSCORP1.362   11,017,053.00     14,055,262.62
ACCESSCORP9.2114   10,925,768.00   100,119,837.00
FIDELITYBK5.0595     9,438,395.00     47,584,930.56
ZENITHBANK25.75167     8,129,969.00   206,655,286.60
UBA8.5111     7,592,588.00     64,338,591.60
STERLNBANK1.5138     5,695,195.00        8,615,590.17

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
SEPLAT132557         399,422.00   528,864,178.40
MTNN245164     1,646,487.00   403,572,929.90
GTCO25.5171   14,140,639.00   358,248,794.40
ZENITHBANK25.75167     8,129,969.00   206,655,286.60
WAPCO25.6123     4,488,351.00   115,022,703.15
AIRTELAFRI162060           68,294.00   105,322,395.10
ACCESSCORP9.2114   10,925,768.00   100,119,837.00

OUTLOOK

Sectors performance remained remarkable however investors’ sentiments are propelled on political fever and uncertainties in the next trading days.

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