The Nigeria Equity Market closed today, Wednesday (1/06/2022), negative as the NGX-ASI declined by 1.28% to 52,974.15 from 53,637.14, indicating a YTD return of +24.57%. Similarly, the market capitalization decreased by N357.42 billion to N28.56 trillion from N28.92 trillion. The market turnover decreased to N3.59 billion from N3.71 billion. The market breadth was negative at 0.7x, as 14 stocks advanced and 20 stocks declined, while 77 remained unchanged. ETERNA top the gainers’ list with 9.90%, while OKOMUOIL declined by -10.00% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume of trades for the day.
Stocks whose share prices lost during intra-day trading include: OKOMUOIL (-10.00%), NCR (-9.77%), CONOIL (-8.35%), NEIMETH (-7.19%), FIDELITYBK (-4.71%), FBNH (-4.62%), UNILEVER (-4.59%), HONYFLOUR (-3.14%), WEMABANK (-4.13%), MBENEFIT (-4.00%), REGALINS (-3.45%), JAIZBANK (-3.41%), CAVERTON (-3.36%), ROYALEX (-1.96%), HONYFLOUR (-1.56%), and AIICO (-1.45%)
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MARKET STATISTICS
| CAP | N28,558,896,213,162.20 | One Day (ASI CHG) | -1.28% |
| Index | 52,974.15 | One Week (ASI CHG) | +0.73% |
| Volume | 295,353,818 | One Month (ASI CHG) | +6.72% |
| Value | N3,590,248,421.05 | Six Months (ASI CHG) | +24.75% |
| Deals | 4,637 | 52 Weeks (ASI CHG) | +37.90% |
| Gainers | 14 | Losers | 20 |
| Unchanged | 77 | Total | 111 |
| YTD Returns | +24.01% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.03 |
| NGX30 | -0.18 |
| NGXBNK | -0.3 |
| NGXCNSMRGDS | 0.09 |
| NGXINS | -0.49 |
| NGXLOTUSISLM | -0.27 |
| NGXOILGAS | -0.2 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| ETERNA | 6.77 | 7.44 | 0.67 | 9.90 |
| FTNCOCOA | 0.32 | 0.35 | 0.03 | 9.38 |
| NAHCO | 6.65 | 7.22 | 0.57 | 8.57 |
| IKEJAHOTEL | 1.15 | 1.24 | 0.09 | 7.83 |
| TRANSCORP | 1.25 | 1.30 | 0.05 | 4.00 |
| AFRIPRUD | 5.80 | 6.00 | 0.20 | 3.45 |
| JAPAULGOLD | 0.30 | 0.31 | 0.01 | 3.33 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| OKOMUOIL | 215.00 | 193.50 | -21.50 | -10.00 |
| NCR | 3.99 | 3.60 | -0.39 | -9.77 |
| CONOIL | 31.75 | 29.10 | -2.65 | -8.35 |
| NEIMETH | 1.67 | 1.55 | -0.12 | -7.19 |
| FIDELITYBK | 3.40 | 3.24 | -0.16 | -4.71 |
| FBNH | 11.90 | 11.35 | -0.55 | -4.62 |
| UNILEVER | 15.25 | 14.55 | -0.70 | -4.59 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.3 | 145 | 121,837,002.00 | 156,149,643.67 |
| GTCO | 22.6 | 338 | 20,123,537.00 | 454,746,029.30 |
| CONOIL | 29.1 | 48 | 16,954,814.00 | 493,419,788.60 |
| STERLNBANK | 1.5 | 95 | 16,051,475.00 | 23,696,353.42 |
| ROYALEX | 1 | 71 | 11,824,759.00 | 11,017,549.17 |
| AIICO | 0.68 | 51 | 11,547,571.00 | 7,847,767.22 |
| NAHCO | 7.22 | 161 | 7,488,952.00 | 52,040,041.55 |
Top 7 Traders By Value
| Security | Open Price | Number of Trades | Daily Volume | Daily Value |
| AIRTELAFRI | 1767 | 128 | 327,551.00 | 573,233,971.30 |
| CONOIL | 31.75 | 48 | 16,954,814.00 | 493,419,788.60 |
| GTCO | 22.55 | 338 | 20,123,537.00 | 454,746,029.30 |
| MTNN | 230 | 289 | 1,951,209.00 | 448,910,040.60 |
| NB | 62.4 | 251 | 3,213,043.00 | 189,590,750.15 |
| FLOURMILL | 35.35 | 142 | 5,264,822.00 | 185,881,487.00 |
| TRANSCORP | 1.25 | 145 | 121,837,002.00 | 156,149,643.67 |
OUTLOOK
Profit-taking continues in todays trading as all the market sectors closed negative excluding the consumer goods sector, which increased by 0.09%. We expect fixed income rate to continue to be appealing to investors in the near term.
