Market Sustains Downward Trend With -0.33% ASI to Close The Week.

Trading activities in the Nigeria Equities Market closed negative today Friday (16/06/2023) as the NGX-ASI decreased by 0.33% to close at 59,000.96 compared to 59,195.21 recorded at the close of the previous trading day; indicating a YTD return of +15.12%.

Similarly, the market capitalization decreased by N105.77 billion to N32.1263 trillion from N32.2321 trillion recorded at the close of the previous trading day, while the market turnover decreased to N6.51billion from N15.36 billion recorded at the close of the previous trading day.

The market breadth was negative at 0.90x as 28 stocks advanced and 31 stocks declined, while 59 stocks remained unchanged. WAPIC topped the gainers’ list with +10.00%, while NEM declined by -9.87% to lead the losers’ chart.

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

Read: NGX Price List for Friday, 16th June 2023

MARKET STATISTICS

CAPN32,126,310,737,908.68One Day (ASI CHG)-0.33%
Index59,000.96One Week (ASI CHG)+5.49%
Volume622,416,515One Month (ASI CHG)+13.05%
ValueN6,510,616,008.27Six Months (ASI CHG)+20.44%
Deals9,41752 Weeks (ASI CHG)+12.57%
Gainers28Losers31
Unchanged59Total118
YTD Returns+15.12%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Percent
ASI-0.33
NGX30-0.3
NGXBNK-1.29
NGXCNSMRGDS-0.09
NGXINDUSTR-0.12
NGXINS0.84
NGXLOTUSISLM-0.13
NGXOILGAS0.03

Top 7 Gainers

SecurityPrevious Close  (N)Close Price (N)Price Change% Change
WAPIC0.600.660.0610.00
FTNCOCOA1.231.350.129.76
TRANSCOHOT13.3114.601.299.69
RTBRISCOE0.310.340.039.68
UNITYBNK0.931.020.099.68
SKYAVN5.856.400.559.40
CORNERST1.021.110.098.82

Top 7 Losers

SecurityPrevious Close(N)Close Price(N)Price Change%Change
NEM6.996.30-0.69-9.87
ABBEYBDS1.681.52-0.16-9.52
CWG1.791.62-0.17-9.50
JOHNHOLT1.271.15-0.12-9.45
CHAMS0.460.42-0.04-8.70
WEMABANK5.254.82-0.43-8.19
CUTIX2.692.50-0.19-7.06

Top 7 Traded Stocks By Volume

SecurityClose Price (N)Number of Trades Daily Volume
UBA11.10606                       46,269,069
ACCESSCORP14.25614                       41,023,827
ZENITHBANK31.00632                       39,093,893
STERLINGNG2.95227                       37,032,953
FIDELITYBK6.94296                       31,146,009
JAPAULGOLD0.49159                       30,986,415
GTCO30.60664                       29,363,262

Top 7 Traded Stocks By Value

SecurityClose Price (N)Number of Trades Daily Value (N)
ZENITHBANK31.00632          1,211,548,879.85
GTCO30.60664              908,874,300.50
ACCESSCORP14.25614              591,849,409.25
MTNN274.00457              549,703,378.90
UBA11.10606              524,258,294.85
FIDELITYBK6.94296              214,370,779.71
STANBIC52.0098              158,065,599.75

OUTLOOK

Stock market ends the week’s trading session over profit taking. We however anticipate a continuity of mixed response from investors.

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