Transaction on the Nigerian equity market for today, Thursday (24/03/2022) closed negative, reversing the previous day’s gain. The NGX-ASI dropped by 0.43% to 46,961.62 from 47,163.94, indicating a YTD return of +9.94%. Similarly, the market capitalization also declined to N25.31 trillion from N25.42 trillion. The market turnover declined to N2.63bn from N3.22bn. The market breadth closed positive at 1.14x, as 16 stocks advanced against 14 stocks that declined, while 76 stocks remained unchanged. The share prices of VERITASKAP gained 9.52% to top the gainers’ list, while RTBRISCOE declined by -9.72% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: RTBRISCOE (-9.72%), CHIPLC (-9.09%), STERLNBANK (-3.80%), FLOURMILL (-3.13%), JAIZBANK (-2.94%), CUTIX (-2.13%), LINKASSURE (-1.96%), NGXGROUP (-1.92%), ROYALEX (-1.57%), GTCO (-1.29%), UACN (-1.29%), ZENITHBANK (-1.12%), MTNN (-0.73%), and UBA (-0.65%).
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MARKET STATISTICS
| CAP | N25,309,758,276,180.05 | One Day (ASI CHG) | -0.43% |
| Index | 46,961.62 | One Week (ASI CHG) | -0.83% |
| Volume | 214,699,451 | One Month (ASI CHG) | -0.66% |
| Value | N2,625,770,072.89 | Six Months (ASI CHG) | +20.53% |
| Deals | 4,003 | 52 Weeks (ASI CHG) | +20.15% |
| Gainers | 16 | Losers | 14 |
| Unchanged | 76 | Total | 106 |
| YTD Returns | +9.94% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.43 |
| NGX30 | -0.61 |
| NGXBNK | -0.09 |
| NGXCNSMRGDS | -0.07 |
| NGXINDUSTR | 0.00 |
| NGXINS | 0.73 |
| NGXLOTUSISLM | -0.21 |
| NGXOILGAS | 0.87 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| VERITASKAP | 0.21 | 0.23 | 0.02 | 9.52 |
| FCMB | 3.35 | 3.60 | 0.25 | 7.46 |
| CUSTODIAN | 7.00 | 7.50 | 0.50 | 7.14 |
| OANDO | 4.70 | 5.00 | 0.30 | 6.38 |
| AIICO | 0.66 | 0.70 | 0.04 | 6.06 |
| UBN | 6.15 | 6.50 | 0.35 | 5.69 |
| CHAMPION | 2.04 | 2.15 | 0.11 | 5.39 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| RTBRISCOE | 0.72 | 0.65 | -0.07 | -9.72 |
| CHIPLC | 0.66 | 0.60 | -0.06 | -9.09 |
| STERLNBANK | 1.58 | 1.52 | -0.06 | -3.80 |
| FLOURMILL | 32.00 | 31.00 | -1.00 | -3.13 |
| JAIZBANK | 0.68 | 0.66 | -0.02 | -2.94 |
| CUTIX | 2.35 | 2.30 | -0.05 | -2.13 |
| LINKASSURE | 0.51 | 0.50 | -0.01 | -1.96 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume | Daily Value |
| FIDELITYBK | 3.29 | 228 | 48,260,285 | 157,258,490.57 |
| GTCO | 23 | 689 | 26,093,592 | 606,918,160.45 |
| ZENITHBANK | 26.6 | 513 | 20,175,419 | 540,428,098.75 |
| UBA | 7.6 | 170 | 18,334,701 | 139,653,463.75 |
| CUSTODIAN | 7.5 | 16 | 17,530,950 | 125,227,158.25 |
| FBNH | 12.05 | 209 | 17,501,125 | 209,970,775.85 |
| AIICO | 0.7 | 54 | 8,137,373 | 5,589,510.20 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Volume | Daily Value |
| GTCO | 23 | 689 | 26,093,592 | 606,918,160.45 |
| ZENITHBANK | 26.6 | 513 | 20,175,419 | 540,428,098.75 |
| FBNH | 12.05 | 209 | 17,501,125 | 209,970,775.85 |
| FIDELITYBK | 3.29 | 228 | 48,260,285 | 157,258,490.57 |
| MTNN | 204 | 173 | 744,716 | 152,263,106.70 |
| UBA | 7.6 | 170 | 18,334,701 | 139,653,463.75 |
| CUSTODIAN | 7.5 | 16 | 17,530,950 | 125,227,158.25 |
OUTLOOK
Profit-taking was seen across some major market sectors in today’s market transaction following the previous day’s gain, as investors continue to hunt for the right instrument to beat the present economic crises. We expect cautious trading to continue pending any significant changes in the economic conditions.
