Stock Market Closes Bearish As ASI Post a 0.09% Loss.

Trading activities in the Nigeria Equities Market closed negative today Friday (14/04/2023) as the NGX-ASI decreased by 0.09% to close at 51,893.94 compared to 51,944.58 recorded at the close of the previous trading day; indicating a YTD return of +1.25%.

Similarly, the market capitalization decreased by N27.59billion to N28.267,87 trillion from N28.295,46 trillion recorded at the previous trading day’s close, while the market turnover increased to N2.36 billion from N2.02 billion.

The market breadth was positive at 1.58x as 19 stocks advanced and 12 stocks declined, while 74stocks remained unchanged. MULTIVERSE topped the gainers’ list with +9.96%, while CADBURY declined by -9.73% to lead the losers’ chart.

UBA recorded the highest volume and the highest value for the day respectively.

Read: NGX Price List for Friday, 14th April 2023

MARKET STATISTICS

CAPN28,267,870,204,106.93One Day (ASI CHG)-0.09%
Index51,893.94One Week (ASI CHG)-2.08%
Volume541,980,551One Month (ASI CHG)-5.50%
ValueN2,362,751,955.98Six Months (ASI CHG)+9.09%
Deals3,766.0052 Weeks (ASI CHG)+9.55%
Gainers19 Losers 12
Unchanged74Total 105
YTD Returns+1.25%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change
ASI-0.09
NGX300.05
NGXBNK0.10
NGXCNSMRGDS-0.03
NGXINDUSTR0.00
NGXINS0.31
NGXLOTUSISLM0.00
NGXOILGAS0.00

Top 7 Gainers

SecurityPrevious Close (N)Close Price(N)Change Price%Change
MULTIVERSE2.312.540.239.96
TRANSCORP1.541.690.159.74
ROYALEX0.560.610.058.93
FTNCOCOA0.250.270.028.00
IKEJAHOTEL1.081.160.087.41
CWG0.860.920.066.98
REGALINS0.290.310.026.90

Top 7 Losers

SecurityPrevious Close (N)Close Price(N)Change Price%Change
CADBURY11.3010.20-1.10-9.73
WAPIC0.420.38-0.04-9.52
RTBRISCOE0.240.22-0.02-8.33
WEMABANK4.003.80-0.20-5.00
FBNH10.9010.45-0.45-4.13
FIDSON9.369.00-0.36-3.85
NPFMCRFBK1.781.72-0.06-3.37

Top 7 Traded Stocks By Volume

SecurityClose Price()Number of Trades()Daily Volume
UBA8.5423          94,098,454
FIDELITYBK5.09179          43,198,038
ZENITHBANK25438          18,168,543
STERLINGNG1.4867          13,294,638
CHAMS0.2528          11,863,951
TRANSCORP1.6950          11,274,421
OANDO5.61131             8,635,799

Top 7 Traded Stocks By Value

SecurityClose PriceNumber of TradesDaily Value
UBA8.5423 798,651,324.95
ZENITHBANK25438 454,270,920.55
FIDELITYBK5.09179 217,988,007.06
GTCO24.4241 157,406,685.25
AIRTELAFRI119842 142,232,493.30
MTNN240178    77,371,144.20
WAPCO23.896    64,086,090.30

OUTLOOK

The Nigerian Equity market maintains bearish trend to close for the week as investors continue to trade cautiously. The conclusion in MPC meeting will be pivotal for next week’s market trend.

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