The Nigerian equity market closed transactions for the week (Friday 11/03/22) in the green, extending the bullish runs to three trading sessions. The NGX- ASI rose to 47,437.48 from 47,363.98, indicating a YTD return of +11.05%. The market turnover dropped to N7.03bn from N4.48bn. The market breadth was at par. 22 stocks advanced against 22 stocks that declined, while 63 stocks remained unchanged. The share prices of NIGERINS gained 10.00% to top the gainers’ list, while ROYALEX declined by -9.74% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: NIGERINS(+10.00%), RTBRISCOE(+8.96%), UPDC(+7.61%), UACN(+5.97%), CONOIL(+5.24%), GTCO(+3.85%), CHIPLC(+3.17%), UCAP(+2.87%), FLOURMILLS(+2.77%), HONYFLOUR(+2.71%), ARDOVA(+2.58%), CAP(+2.56%), INTBREW(+1.96%), FCMB(+1.45%), ZENITHBANK(+1.12%), NEN (+0.99%), TRANSCORP(+0.92%), UBA(+0.59%), and FBNH(+0.43%)
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MARKET STATISTICS
| CAP | N 25,566,220,673,751.84 | One Day (ASI CHG) | +0.16% |
| Index | 47,437.48 | One Week (ASI CHG) | +0.36% |
| Volume | 1,153,534,616 | One Month (ASI CHG) | +0.50% |
| Value | N7,028,491,498.01 | Six Months (ASI CHG) | +21.88% |
| Deals | 3,928 | 52 Weeks (ASI CHG) | +22.59% |
| Gainers | 22 | Losers | 22 |
| Unchanged | 63 | Total | 107 |
| YTD Returns | +11.05% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| ASI | 0.16 |
| NGX30 | 0.24 |
| NGXBNK | 0.34 |
| NGXCNSMRGDS | 0.00 |
| NGXINDUSTR | 0.00 |
| NGXINS | 0.28 |
| NGXLOTUSISLM | 0.00 |
| NGXOILGAS | -0.35 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| NIGERINS | 0.2 | 0.2 | 0.22 | 0.02 | 10.00 |
| RTBRISCOE | 0.67 | 0.73 | 0.73 | 0.06 | 8.96 |
| UPDC | 0.92 | 0.92 | 0.99 | 0.07 | 7.61 |
| UACN | 10.05 | 10.05 | 10.65 | 0.6 | 5.97 |
| CORNERST | 0.7 | 0.7 | 0.74 | 0.04 | 5.71 |
| CONOIL | 23.85 | 23.85 | 25.1 | 1.25 | 5.24 |
| CHAMS | 0.21 | 0.21 | 0.22 | 0.01 | 4.76 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| ROYALEX | 1.34 | 1.34 | 1.21 | -0.13 | -9.70 |
| ELLAHLAKES | 3.45 | 3.45 | 3.12 | -0.33 | -9.57 |
| PHARMDEKO | 2 | 2 | 1.84 | -0.16 | -8.00 |
| LINKASSURE | 0.56 | 0.56 | 0.52 | -0.04 | -7.14 |
| UNILEVER | 14 | 14 | 13.2 | -0.8 | -5.71 |
| GUINEAINS | 0.21 | 0.21 | 0.2 | -0.01 | -4.76 |
| OANDO | 5.3 | 5.3 | 5.07 | -0.23 | -4.34 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| FCMB | 3.5 | 932,889,307 | 3,491,439,108.63 |
| ZENITHBANK | 27 | 29,947,252 | 805,646,098.40 |
| ACCESS | 10.15 | 22,509,426 | 227,824,031.35 |
| FIDELITYBK | 2.85 | 19,309,721 | 55,155,894.59 |
| UCAP | 12.55 | 16,879,536 | 208,521,541.80 |
| UACN | 10.65 | 14,281,660 | 152,719,685.00 |
| UBA | 8.55 | 14,120,710 | 119,725,482.20 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| FCMB | 3.5 | 932,889,307 | 3,491,439,108.63 |
| ZENITHBANK | 27 | 29,947,252 | 805,646,098.40 |
| MTNN | 206 | 3,209,107 | 658,148,818.70 |
| SEPLAT | 990 | 386,875 | 381,353,545.10 |
| ACCESS | 10.15 | 22,509,426 | 227,824,031.35 |
| NB | 46 | 4,833,074 | 222,312,970.85 |
| UCAP | 12.55 | 16,879,536 | 208,521,541.80 |
OUTLOOK
Trading activities on the stock market closed the week bullish, maintaining the positive momentum for the third consecutive day, as investors respond to the global effect of crumbling economic sanctions on Russia, continuous upheaval in oil prices, and potential opportunities for nigerian companies created by the ongoing crisis. We expect these changes to affect stocks, especially the oil & Gas sectors.
