The Nigerian equities market declined by 0.38%, as the rout in equities prices was negative. The NGX- ASI decreased to 46,930.66 from 47,111.21, while the YTD return declined to +9.87% from +10.29%. The total market capitalization dropped to N25.29trn from N25.39trn as investors lost N97.29bn.
The market turnover increased to N6.26 from N3.69bn, while market breadth was positive at 0.64x as 21 stocks advanced against 33 stocks that declined, 58 stocks remained unchanged. The share price of IKEJAHOTEL increased by 10.00% each to top the gainer’s chart, while ABCTRANS declined by -8.33% to lead the losers’ chart.
Stocks whose share prices declined during intra-day trading include: ABCTRANS (-8.33%), COURTVILLE (-6.90%), CAVERTON (-6.17%) MAYBAKER (-5.95%), FTNCOCOA (-5.26%), AIICO (-4.05%), MANSARD (-3.69%), UBA (-3.41%), ZENITHBANK (-3.11%), TRANSCORP (-2.56%), WEMABANK (-2.30%), WAPCO (-2.22%), FIDSON (-2.17%), UNILEVER (-1.79%), ACCESS (-1.45%), AFRIPRUD (-1.45%), HONYFLOUR (-1.45%), MTNN (-1.23%), GTCO (-1.07%), NB (-0.93%), CUTIX (-0.43%), and DANGSUGAR (-0.29%).
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MARKET STATISTICS
| CAP | N25,289,239,860,247.00 | One Day (ASI CHG) | -0.38% |
| Index | 46,930.66 | One Week (ASI CHG) | +0.86% |
| Volume | 434,946,390 | One Month (ASI CHG) | +9.87% |
| Value | N6,260,279,351.40 | Six Months (ASI CHG) | +21.57% |
| Deals | 5,878 | 52 Weeks (ASI CHG) | +11.62% |
| Gainers | 21 | Losers | 33 |
| Unchanged | 58 | Total | 112 |
| YTD Returns | +9.87% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.38 |
| NGX30 | -0.56 |
| NGXBNK | -1.39 |
| NGXCNSMRGDS | 0.00 |
| NGXINDUSTR | -0.17 |
| NGXINS | -1.85 |
| NGXLOTUSISLM | -0.41 |
| NGXOILGAS | 0.62 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| IKEJAHOTEL | 1.30 | 1.43 | 0.13 | 10.00 |
| CONOIL | 24.10 | 26.50 | 2.40 | 9.96 |
| ACADEMY | 1.03 | 1.13 | 0.10 | 9.71 |
| RTBRISCOE | 0.24 | 0.26 | 0.02 | 8.33 |
| LINKASSURE | 0.46 | 0.49 | 0.03 | 6.52 |
| ETI | 11.60 | 12.20 | 0.60 | 5.17 |
| GUINEAINS | 0.20 | 0.21 | 0.01 | 5.00 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| ABCTRANS | 0.36 | 0.33 | -0.03 | -8.33 |
| COURTVILLE | 0.58 | 0.54 | -0.04 | -6.90 |
| CAVERTON | 1.62 | 1.52 | -0.10 | -6.17 |
| MAYBAKER | 4.54 | 4.27 | -0.27 | -5.95 |
| FTNCOCOA | 0.38 | 0.36 | -0.02 | -5.26 |
| CHAMS | 0.21 | 0.20 | -0.01 | -4.76 |
| VERITASKAP | 0.22 | 0.21 | -0.01 | -4.55 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| FIDELITYBK | 2.86 | 231 | 47,738,364 | 136,723,980.02 |
| TRANSCORP | 1.14 | 184 | 35,585,302 | 40,869,082.00 |
| COURTVILLE | 0.54 | 71 | 32,456,416 | 17,749,020.76 |
| ZENITHBANK | 26.5 | 444 | 30,054,928 | 799,515,432.65 |
| GTCO | 27.7 | 404 | 24,625,744 | 680,805,527.85 |
| ACCESS | 10.2 | 243 | 20,127,795 | 204,487,094.30 |
| NB | 48 | 91 | 19,203,969 | 922,113,098.35 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| SEPLAT | 872.1 | 67 | 1,106,712 | 964,667,306.40 |
| NB | 48 | 91 | 19,203,969 | 922,113,098.35 |
| MTNN | 200 | 314 | 4,316,039 | 864,071,014.30 |
| ZENITHBANK | 26.5 | 444 | 30,054,928 | 799,515,432.65 |
| GTCO | 27.7 | 404 | 24,625,744 | 680,805,527.85 |
| NGXGROUP | 24.7 | 273 | 17,894,921 | 439,333,122.90 |
| ACCESS | 10.2 | 243 | 20,127,795 | 204,487,094.30 |
OUTLOOK
Equity market’s bullish run came to an end today as investors took profit in all the major market sectors, except for the Oil & Gas sector which rose by 0.62%. We expect positive sentiments to return in response to corporate release and as fixed income rates remain low.
