The Nigeria Equity Market closed trading activities for today Friday (17/03/2023) positive as the NGX-ASI increased by 0.04% to 54,935.20 from 54,915.6 ; indicating a YTD return of +7.19%.
Similarly, the market capitalization increased by N10.68 billion to N29.93 trillion from N29.92 trillion. The market turnover increased to N1.56 billion from N1.51 billion.
The market breadth was negative at 1.7x as 17 stocks advanced and 10 stocks declined, while 76 stocks remained unchanged. UCAP topped the gainers’ list with +9.91%, while MULTIVERSE declined by -9.92% to lead the losers’ chart. Also, CAPHOTEL recorded the highest volume while ZENITHBANK recorded the highest value for the day.
Stocks whose share prices gained during intra-day trading include:
UCAP(+9.91%), PRESTIGE(+9.76%), ROYALEX(+7.46%), LIVESTOCK(+6.86%), RTBRISCOE(+4.17%),FIDELITYBK(+3.59%),REGALINS(+3.45%), CUTIX(+3.43%), TRIPPLEG(+3.05%), and UPDC(+2.11%).
Read: NGX Price List for Thursday, 17th March 2023
MARKET STATISTICS
| CAP | N29,926,575,367,310.88 | One Day (ASI CHG) | +0.04% |
| Index | 54,935.20 | One Week (ASI CHG) | -1.54% |
| Volume | 156,974,461.00 | One Month (ASI CHG) | +0.81% |
| Value | N1,564,871,101.13 | Six Months (ASI CHG) | +10.81% |
| Deals | 2,952.00 | 52 Weeks (ASI CHG) | +16.01% |
| Gainers | 17 | Losers | 10 |
| Unchanged | 76 | Total | 103 |
| YTD Returns | +7.19% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | +0.04 |
| NGX30 | +0.04 |
| NGXBNK | +0.18 |
| NGXCNSMRGDS | +0.03 |
| NGXINDUSTR | +0.02 |
| NGXINS | +0.07 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| UCAP | 11.10 | 12.20 | 1.10 | 9.91 |
| PRESTIGE | 0.41 | 0.45 | 0.04 | 9.76 |
| ROYALEX | 0.67 | 0.72 | 0.05 | 7.46 |
| LIVESTOCK | 1.02 | 1.09 | 0.07 | 6.86 |
| RTBRISCOE | 0.24 | 0.25 | 0.01 | 4.17 |
| FIDELITYBK | 5.01 | 5.19 | 0.18 | 3.59 |
| REGALINS | 0.29 | 0.30 | 0.01 | 3.45 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| MULTIVERSE | 3.83 | 3.45 | -0.38 | -9.92 |
| VERITASKAP | 0.21 | 0.20 | -0.01 | -4.76 |
| CHAMS | 0.25 | 0.24 | -0.01 | -4.00 |
| ACCESSCORP | 8.60 | 8.40 | -0.20 | -2.33 |
| STERLNBANK | 1.54 | 1.51 | -0.03 | -1.95 |
| AIICO | 0.58 | 0.57 | -0.01 | -1.72 |
| ACADEMY | 1.27 | 1.25 | -0.02 | -1.57 |
Top 7 Traders by Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| CAPHOTEL | 2.50 | 8.00 | 36,431,164.00 | 91,077,910.05 |
| UBA | 8.05 | 133.00 | 17,906,278.00 | 145,278,713.95 |
| ACCESSCORP | 8.40 | 257.00 | 14,663,292.00 | 125,872,987.60 |
| FIDELITYBK | 5.19 | 105.00 | 10,263,454.00 | 52,617,445.85 |
| AIICO | 0.57 | 60.00 | 10,125,527.00 | 5,785,613.60 |
| ZENITHBANK | 24.60 | 267.00 | 9,485,067.00 | 232,644,314.00 |
| GTCO | 24.60 | 186.00 | 8,251,624.00 | 202,839,513.70 |
Top 7 Traders by Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| ZENITHBANK | 24.60 | 267.00 | 9,485,067.00 | 232,644,314.00 |
| GTCO | 24.60 | 186.00 | 8,251,624.00 | 202,839,513.70 |
| UBA | 8.05 | 133.00 | 17,906,278.00 | 145,278,713.95 |
| ACCESSCORP | 8.40 | 257.00 | 14,663,292.00 | 125,872,987.60 |
| NGXGROUP | 27.85 | 39.00 | 3,809,364.00 | 105,891,359.90 |
| MTNN | 236.00 | 238.00 | 429,294.00 | 100,383,367.60 |
| CAPHOTEL | 2.50 | 8.00 | 36,431,164.00 | 91,077,910.05 |
OUTLOOK
Market shows a rebound despite a four day consecutive trading loss due to overwhelming sell orders. We expect outcome of election to influence investors’ behavior and market’s next trend.
