Stock Market Closes the Week with a Gain of 1.76%,Maintains Positive Momentum

The Nigeria Equity Market closed transaction for today, Friday(27/05/2022) on a positive note, as the NGX-ASI grew by 1.76% to 54,085.30 from 53,151.32, indicating a YTD return of +26.61%. Similarly, the market capitalization increased by N503.52 billion to N29.16 trillion from N28.65 trillion. The market turnover increased to N5.52 billion from N5.12 billion. The market breadth was at par, as 19 stocks advanced and 19 stocks declined, while 69 remained unchanged. The share prices of CUTIX gained 9.96% to top the gainers’ list, while NB declined by -10% to lead the losers’ chart. Also, FLOURMILLS recorded the highest volume of trades for the day. 

Stocks whose share prices gained during intra-day trading include: CUTIX(+9.96%), AIRTELAFRI(+9.89%), WEMABANK(+8.63%), ARDOVA(+7.09%), FBNH(+6.98%),NEM(+5.23%),FLOURMILL(+5.00%),PRESTIGE(+4.88%),LIVESTOCK(+2.74%),TRANSCORP(+2.36%),CORNERST(+1.67%), JAIZBANK(+1.30%)   DANGSUGAR(+0.89%), ETI(+0.84%), UBA(+0.63%), ACCESSCORP(+0.51%), PZ(+0.44%) and ZENITHBANK(+0.21%).

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MARKET STATISTICS

CAP N29,157,916,249,926.46 One Day (ASI CHG) +1.76%
Index 54,085.30 One Week (ASI CHG) +2.09%
Volume 208,086,353.00 One Month (ASI CHG) +11.35%
Value N5,520,294,000.43 Six Months (ASI CHG) +24.88%
Deals 4,898.00 52 Weeks (ASI CHG) +42.12%
Gainers 19 Losers 19
Unchanged 69 Total 107
  YTD Returns +26.61%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI 1.76
NGX30 -0.38
NGXBNK 0.48
NGXCNSMRGDS -2.41
NGXINDUSTR 0.01
NGXINS 0.32
NGXLOTUSISLM -0.37
NGXOILGAS 0.24

Top 7 Gainers

Security Previous  Close Price Change Price % change
CUTIX 2.61 2.87 0.26 9.96
AIRTELAFRI 1608.00 1767.00 159.00 9.89
WEMABANK 3.36 3.65 0.29 8.63
ARDOVA 14.10 15.10 1.00 7.09
FBNH 10.75 11.50 0.75 6.98
NEM 3.63 3.82 0.19 5.23
FLOURMILL 34.00 35.70 1.70 5.00

Top 7 Losers

Security Previous  Close Price Change Price % change
NB 77.00 69.30 -7.70 -10.00
UACN 11.65 10.50 -1.15 -9.87
UPL 3.15 2.85 -0.30 -9.52
ROYALEX 1.08 0.98 -0.10 -9.26
LINKASSURE 0.60 0.56 -0.04 -6.67
GUINNESS 92.70 87.10 -5.60 -6.04
JBERGER 30.50 28.90 -1.60 -5.25

Top 7 Traders By Volume

Security Close Price  Trades  Daily Volume   Daily Value 
FLOURMILL 35.70 158   21,482,214       746,773,047
GTCO 23.00 350   20,141,539       464,521,290
FBNH 11.50 308   17,962,152       205,023,283
TRANSCORP 1.30 87   13,977,352         18,095,543
ACCESSCORP 9.85 293   12,459,848       122,063,657
MULTIVERSE 0.20 21   11,843,726           2,402,743
UNIVINSURE 0.20 1     8,935,000           1,787,000

Top 7 Traders By Value

Security Close Price  Trades  Daily Volume   Daily Value 
AIRTELAFRI 1767.00 111     1,392,412   2,342,737,853
FLOURMILL 35.70 158   21,482,214       746,773,047
GTCO 23.00 350   20,141,539       464,521,290
MTNN 237.00 394     1,735,726       411,628,543
FBNH 11.50 308   17,962,152       205,023,283
GUINNESS 87.10 152     1,680,920       144,306,949
DANGSUGAR 17.00 109     8,316,106       141,268,895

OUTLOOK

Equity market ends transactions for the week on a positive sentiment, as investors key into the financial sector majorly. We expect mixed sentiments in the coming week.

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