Nigerian Stock Market Sustains Gain as NGX-ASI Increases By 0.48%.

Trading activities in the Nigeria Equities Market closed positive today Tuesday (23/05/2023) as the NGX-ASI increased by 0.48% to close at 52,621.19 compared to 52,369.13 recorded at the close of the previous trading day; indicating a YTD return of +2.67%.

Similarly, the market capitalization increased by N137.29 billion to N28.6526 trillion from N28.5153 trillion recorded at the close of the previous trading day, while the market turnover increased to N5.17 billion from N4.05 billion recorded at the close of the previous trading day.

The market breadth was positive at 2.29x as 32 stocks advanced and 14 stocks declined, while 66 stocks remained unchanged. TRANSCORP topped the gainers’ list with a maximum of +9.85% while SUNUASSUR declined by -9.43% 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 Monday, 23rd May 2023

MARKET STATISTICS

CAPN28,652,559,608,879.94One Day (ASI CHG)+0.48%
Index52,621.19One Week (ASI CHG)+0.39%
Volume350,974,154One Month (ASI CHG)+1.97%
ValueN5,169,167,802.09Six Months (ASI CHG)+18.27%
Deal5,94652 Weeks (ASI CHG)-0.55%
Gainers32Losers14
Unchanged66Total112
YTD Returns+2.67%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.48
NGX300.7
NGXBNK1.55
NGXCNSMRGDS0.35
NGXINDUSTR0.02
NGXINS-0.01
NGXLOTUSISLM0.04
NGXOILGAS0.04

Top 7 Gainers

SecurityPrevious Close(N)Close Price(N)Change Price%Change
TRANSCORP2.642.90.269.85
TRIPPLEG2.953.240.299.83
UNILEVER13.414.71.39.70
UPL1.872.050.189.63
CHAMS0.320.350.039.37
PZ1718.51.58.82
MBENEFIT0.340.370.038.82

Top 7 Losers

SecurityPrevious Close(N)Close Price(N)Change Price%Change
SUNUASSUR0.530.48-0.05-9.43
CILEASING3.513.2-0.31-8.83
JAPAULGOLD0.350.33-0.02-5.71
CADBURY17.3516.4-0.95-5.48
CAVERTON1.261.2-0.06-4.76
MANSARD3.153-0.15-4.76
NGXGROUP2726.3-0.7-2.59

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of TradesVolume
UBA8.4421              62,448,401
ZENITHBANK27536              58,999,343
GTCO27.7412              31,706,861
ACCESSCORP10.5260              19,477,706
TRANSCORP2.9213              17,800,706
FBNH13.55162              13,646,254
ROYALEX0.4834              12,012,700

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of TradesValue(N)
ZENITHBANK27536  1,582,767,080.00
GTCO27.7412      875,104,653.65
UBA8.4421      511,060,953.60
MTNN231274      500,147,521.00
ACCESSCORP10.5260      203,077,307.20
DANGCEM27077      191,818,883.10
FBNH13.55162      180,438,883.90

OUTLOOK

Stock trading activities progressed positive for today after commencing the week strong. Swaying sentiments could however occur in the nearest future as investors wait on result of ongoing MPC meeting to decide on future portfolio mix.

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