Stock Market Closes Flat As ASI Settles At 43,477.48 Basis Point

The Nigeria Equity Market closed trading activities for today Wednesday (09/11/2022) flat, as the NGX-ASI grew by 0.04% to 43,477.48 from 43,461.60; indicating a YTD return of +1.78%.

Similarly, the market capitalization increased by N8.65 billion to N23.68 trillion from N23.67 trillion. The market turnover decreased to N1.81 billion from N2.50 billion.

The market breadth was positive at 1.1x as 12 stocks advanced and 11 stocks declined, while 79 stocks remained unchanged. UNITYBNK topped the gainers’ list with +9.09%, while HONYFLOUR declined by -9.09% to lead the losers’ chart. Also, FBNH recorded the highest volume while DANGCEM recorded the highest value for the day.

Stocks whose share prices gained during intra-day trading include:

UNITYBNK(+9.09%), LINKASSURE(+7.69%), ROYALEX(+7.32%), CHAMS(+4.35%), MBENEFIT(+3.85%), NAHCO(+2.73%), STERLNBNK(+2.19%), CHAMPION(+1.74%), UBA(+1.43%), DANGCEM(+0.59%), GTCO(+0.29%), and ZENITHBANK(+0.25%).

Read: NGX Price List for Wednesday, 9th November 2022

MARKET STATISTICS

CAPN23,681,015,339,283.88One Day (ASI CHG)-0.04%
Index43,477.48One Week (ASI CHG)-1.82%
Volume133,405,263.00One Month (ASI CHG)-8.18%
ValueN1,810,686,566.36Six Months (ASI CHG)-16.23%
Deals3,07852 Weeks (ASI CHG)-0.58%
Gainers12 Losers11
Unchanged79Total102
YTD Returns+1.78%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.04
NGX300.04
NGXBNK0.04
NGXCNSMRGDS-0.17
NGXINDUSTR0.27
NGXINS-0.38
NGXLOTUSISLM0.05
NGXOILGAS-0.67

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price% Change
UNITYBNK0.440.480.049.09
LINKASSURE0.390.420.037.69
ROYALEX0.820.880.067.32
CHAMS0.230.240.014.35
MBENEFIT0.260.270.013.85
NAHCO5.55.650.152.73
STERLNBANK1.371.40.032.19

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price% Change
HONYFLOUR2.22-0.2-9.09
PRESTIGE0.460.42-0.04-8.70
PRESCO128.4120.5-7.9-6.15
JAIZBANK10.94-0.06-6.00
OANDO4.083.9-0.18-4.41
REGALINS0.260.25-0.01-3.85
INTBREW4.154-0.15-3.61

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
FBNH10113         30,380,686   303,740,471.35
OANDO3.968         16,769,541     64,167,230.59
ZENITHBANK19.95265         13,472,579   268,151,343.20
UBA7.1135           9,845,157     69,024,440.90
GTCO17.55322           8,965,854   157,714,800.40
TRANSCORP1.0555           8,151,831        8,559,151.55
ACCESSCORP8116           5,354,157     43,341,620.45

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
DANGCEM221.3173           1,393,151   318,107,182.00
FBNH10113         30,380,686   303,740,471.35
AIRTELAFRI127516               235,332   294,090,598.90
ZENITHBANK19.95265         13,472,579   268,151,343.20
GTCO17.55322           8,965,854   157,714,800.40
UBA7.1135           9,845,157     69,024,440.90
MTNN192197               348,580     65,552,139.80

OUTLOOK

We expect negative sentiments to continue during week, as pre-election risks amplify.

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