The Nigerian equity market closed transaction for the first trading day of the week bearish, as profit-taking persist in some major market sectors today, led by the Oil & Gas, which declined by 0.24%. The Equity market dipped by 0.29% as the rout in the equities prices remain negative The NGX- ASI dropped to 47,063.28 from 47,202.30, while the YTD declined to +10.18% from +10.50%. The total market capitalization dropped to N25.36bn from N25.44trn as investors lost N74.92trn.
The market turnover increased to N5.68bn from N4.39bn, while market breadth closed at par, as 23 stocks both advanced and declined, while 61 stocks remained unchanged. The share price of GUINNESS, LEARNAFRCA, and NCR gained 10.00% to top the gainer’s list, while JAPAULGOLD declined by -7.69% to lead the losers’ chart.
Stocks whose share prices declined during intra-day trading include: JAPAULGOLD (-7.69%), CUSTODIAN (-5.70%), NGXGROUP (-5.66%) NEIMETH (-5.24%), UPDC (-4.50%), HONYFLOUR (-4.29%), MANSARD (-4.00%), AIICO (-2.86%), AIRTELAFRI (-1.65%), OANDO (-1.60%), BUAFOODS (-1.46%), ACCESS (-0.95%), WAPCO (-0.93%), GTCO (-0.75%), and NB(-0.31%)
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MARKET STATISTICS
| CAP | N25,360,704,491,879.35 | One Day (ASI CHG) | -0.29% |
| Index | 47,063.28 | One Week (ASI CHG) | -0.30% |
| Volume | 338,025,487 | One Month (ASI CHG) | +5.87% |
| Value | N5,675,143,449.61 | Six Months (ASI CHG) | +19.08% |
| Deals | 5,619 | 52 Weeks (ASI CHG) | +16.38% |
| Gainers | 23 | Losers | 23 |
| Unchanged | 61 | Total | 107 |
| YTD Returns | +10.18% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.29 |
| NGX30 | 0.16 |
| NGXBNK | 0.04 |
| NGXCNSMRGDS | 1.14 |
| NGXINDUSTR | -0.07 |
| NGXINS | -0.16 |
| NGXLOTUSISLM | 0.12 |
| NGXOILGAS | -0.24 |
Top 7 Gainer
| Security | Previous Close | Close Price | Change Price | % Change |
| GUINNESS | 60.50 | 66.55 | 6.05 | 10.00 |
| LEARNAFRCA | 1.50 | 1.65 | 0.15 | 10.00 |
| NCR | 3.30 | 3.63 | 0.33 | 10.00 |
| UPL | 2.65 | 2.91 | 0.26 | 9.81 |
| ACADEMY | 1.36 | 1.49 | 0.13 | 9.56 |
| PHARMDEKO | 1.65 | 1.80 | 0.15 | 9.09 |
| NEM | 3.32 | 3.59 | 0.27 | 8.13 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| JAPAULGOLD | 0.39 | 0.36 | -0.03 | -7.69 |
| COURTVILLE | 0.55 | 0.51 | -0.04 | -7.27 |
| CUSTODIAN | 7.90 | 7.45 | -0.45 | -5.70 |
| NGXGROUP | 26.50 | 25.00 | -1.50 | -5.66 |
| NPFMCRFBK | 2.20 | 2.08 | -0.12 | -5.45 |
| NEIMETH | 1.91 | 1.81 | -0.10 | -5.24 |
| MULTIVERSE | 0.21 | 0.20 | -0.01 | -4.76 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| FIDELITYBK | 2.95 | 35,821,370 | 104,932,910.65 |
| ACCESS | 10.4 | 33,854,448 | 353,716,830.70 |
| TRANSCORP | 1.17 | 32,876,738 | 38,505,045.76 |
| STERLNBANK | 1.71 | 24,507,013 | 41,909,083.69 |
| GTCO | 26.4 | 23,180,459 | 613,440,229.60 |
| ZENITHBANK | 27.05 | 20,004,584 | 532,003,843.10 |
| RTBRISCOE | 0.42 | 19,335,495 | 8,120,907.90 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| MTNN | 198.5 | 8,436,306 | 1,672,457,260.70 |
| AIRTELAFRI | 1250 | 515,996 | 647,043,215.20 |
| GTCO | 26.4 | 23,180,459 | 613,440,229.60 |
| ZENITHBANK | 27.05 | 20,004,584 | 532,003,843.10 |
| ACCESS | 10.4 | 33,854,448 | 353,716,830.70 |
| DANGCEM | 274.8 | 813,098 | 221,058,476.90 |
| NGXGROUP | 25 | 6,116,358 | 154,487,950.75 |
OUTLOOK
Negative sentiments continue to trail the markets as investors remain jittery about the state of the economy and the stability of the naira. The search for greater returns is likely to drive investors behavior this week as they seek to take what ever they can get from the market as soon as the opportunities presents itself. With major companies yet to release their results, investors are likely to maintain this flight to safety behaviour in the short term.
