The equity market closed transaction for the first trading day of the week in the red, thereby halting the bullish run. The NGX- ASI dropped to 47,428.67 from 47,437.48, indicating a YTD return of +11.03%. The market capitalization was also down by N4.75bn, to close at N25.56trn from N25.57trn. The market turnover however increased to N7.92bn from N7.03bn. The market breadth was negative at 0.86x, as 19 stocks advanced against 22 stocks that declined, while 72 stocks remained unchanged. The share prices of RTBRISCOE gained 9.59% to top the gainers’ list, while ETERNA and ETI both declined by -10.00% to lead the losers’ chart.
Stocks whose share prices lost during intra-day trading include: ETERNA (-10.00%), CWG (-10.00%), ROYALEX (-9.92%), SCOA (-8.13%), CORNERST (-8.11%), CONOIL (-4.38%), JAIZBANK (-4.00%), LASACO (-3.67%), REDSTAREX (-3.61%), INTBREW (-2.88%), AIICO (-2.86%), PZ (-2.72%), MANSARD (-2.13%), UNILEVER (-1.52%), GTCO (-1.11%), NB (-1.09%) and MTNN (-0.49%)
Click here for more on price list
MARKET STATISTICS
| CAP | N25,561,469,748,905.27 | One Day (ASI CHG) | -0.02% |
| Index | 47,428.67 | One Week (ASI CHG) | +0.35% |
| Volume | 1,280,473,135 | One Month (ASI CHG) | +0.78% |
| Value | N7,918,608,955.55 | Six Months (ASI CHG) | +21.86% |
| Deals | 4,735 | 52 Weeks (ASI CHG) | +22.72% |
| Gainers | 19 | Losers | 22 |
| Unchanged | 72 | Total | 113 |
| YTD Returns | +11.03% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.02 |
| NGX30 | 0.08 |
| NGXBNK | 1.15 |
| NGXCNSMRGDS | -0.41 |
| NGXINDUSTR | 0.12 |
| NGXINS | -1.91 |
| NGXLOTUSISLM | -0.12 |
| NGXOILGAS | -0.33 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| RTBRISCOE | 0.73 | 0.80 | 0.07 | 9.59 |
| ETI | 11.00 | 11.80 | 0.80 | 7.27 |
| PRESTIGE | 0.46 | 0.49 | 0.03 | 6.52 |
| NIGERINS | 0.22 | 0.23 | 0.01 | 4.55 |
| CAVERTON | 1.30 | 1.35 | 0.05 | 3.85 |
| MBENEFIT | 0.26 | 0.27 | 0.01 | 3.85 |
| NGXGROUP | 21.80 | 22.50 | 0.70 | 3.21 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| ETERNA | 5.60 | 5.04 | -0.56 | -10.00 |
| CWG | 1.10 | 0.99 | -0.11 | -10.00 |
| ROYALEX | 1.21 | 1.09 | -0.12 | -9.92 |
| VERITASKAP | 0.23 | 0.21 | -0.02 | -8.70 |
| SCOA | 2.83 | 2.60 | -0.23 | -8.13 |
| CORNERST | 0.74 | 0.68 | -0.06 | -8.11 |
| CONOIL | 25.10 | 24.00 | -1.10 | -4.38 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| FCMB | 3.6 | 164 | 1,024,056,551 | 3,839,067,183.92 |
| FIDELITYBK | 2.85 | 212 | 38,138,012 | 108,873,955.99 |
| ZENITHBANK | 27 | 389 | 28,462,276 | 768,123,723.40 |
| TRANSCORP | 1.13 | 143 | 20,998,521 | 23,791,024.74 |
| GTCO | 26.7 | 307 | 17,016,839 | 455,383,584.80 |
| CORNERST | 0.68 | 17 | 15,434,265 | 10,403,810.28 |
| UBA | 8.7 | 240 | 13,519,663 | 116,292,942.30 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| FCMB | 3.6 | 164 | 1,024,056,551 | 3,839,067,183.92 |
| MTNN | 205 | 244 | 5,833,122 | 1,195,300,746.40 |
| ZENITHBANK | 27 | 389 | 28,462,276 | 768,123,723.40 |
| GTCO | 26.7 | 307 | 17,016,839 | 455,383,584.80 |
| NB | 45.5 | 65 | 3,674,961 | 167,209,156.70 |
| UCAP | 12.95 | 170 | 9,379,802 | 119,729,384.90 |
| UBA | 8.7 | 240 | 13,519,663 | 116,292,942.30 |
OUTLOOK
Trading activities on the equity market started the week bearish with profit taking seen across three of the five major sectors. We expect equity market to trade cautiously this week as investors digest present economic realities.
