Nigeria Stock Market Maintains Positive Trend, ASI Up 2.04%

The Nigeria Equity Market closed trading activities for today Friday (25/11/2022) positive, as the NGX-ASI increased by 2.04% to 47,554.34 from 46,604.94 ; indicating a YTD return of +11.33%.

Similarly, the market capitalization increased by N517.11 billion to N25.90 trillion from N25.38 trillion. The market turnover increased to N5.52 billion from N2.17 billion.

The market breadth was positive at 2.25x as 18 stocks advanced and 08 stocks declined, while 74 stocks remained unchanged. REDSTAREX topped the gainers’ list with +9.66%, while CAPHOTEL and NESTLE declined by – 10% to lead the losers’ chart. Also, FCMB recorded the highest volume,while MTNN recorded the highest value for the day.

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

REDSTAREX(+9.66%), REGALINS(+8.70%), LIVESTOCK(+8.16%), PRESTIGE(+7.50%), AIRTELAFRI(+7.41%), CORNERST(+6.25%),MTNN(+5.00%), WAPCO(+4.50%), HONYFLOUR(+3.64%), NASCON(+3.09%), FLOURMILL(+2.93%) and LINKASSURE(+2.44%).

Read: NGX Price List for Friday, 25th November 2022

MARKET STATISTICS

CAPN25,901,567,200,369.04One Day (ASI CHG) +2.04%
Index47,554.34One Week (ASI CHG)+6.88%
Volume98,984,050.00One Month (ASI CHG)+6.18%
ValueN5,522,744,731.04Six Months (ASI CHG)-9.58%
Deals3,43452 Weeks (ASI CHG) +10.31%
Gainers18 Losers 8
Unchanged74Total104
YTD Returns+11.33%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI2.04
NGX301.92
NGXBNK0.25
NGXCNSMRGDS-2.37
NGXINDUSTR0.26
NGXINS1.10
NGXLOTUSISLM1.63
NGXOILGAS0.00

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price% Change
REDSTAREX2.072.270.29.66
REGALINS0.230.250.028.70
LIVESTOCK0.981.060.088.16
PRESTIGE0.400.430.037.50
AIRTELAFRI1350.0014501007.41
CORNERST0.480.510.036.25
MTNN200.00210105.00

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price% Change
CAPHOTEL3.43.06-0.34-10.00
NESTLE1071963.9-107.1-10.00
INTBREW4.44.3-0.1-2.27
GTCO20.320-0.3-1.48
WEMABANK3.13.07-0.03-0.97
AFRIPRUD5.355.3-0.05-0.93
FCMB3.283.25-0.03-0.91

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
FCMB3.2542.00         16,842,091          54,755,416.56
MTNN210150.00         16,416,748    3,296,394,058.60
FIDELITYBK4.165.00           7,539,199          30,895,662.15
ZENITHBANK21.9210.00           6,393,290        139,377,730.55
ACCESSCORP8.6106.00           5,811,502          49,735,405.90
GTCO20238.00           5,353,669        107,042,834.55
JAIZBANK0.8841.00           5,212,348             4,517,229.06

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
MTNN210150.00         16,416,748    3,296,394,058.60
AIRTELAFRI145050.00               572,442        825,727,138.20
NESTLE963.9234.00               691,263        666,952,742.40
ZENITHBANK21.9210.00           6,393,290        139,377,730.55
GTCO20238.00           5,353,669        107,042,834.55
FCMB3.2542.00         16,842,091          54,755,416.56
ACCESSCORP8.6106.00           5,811,502          49,735,405.90

OUTLOOK

We expect mixed sentiment to continue next week, as pre-election risks amplify.

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