Stock Market Dips by 0.29%, as Inflation Surges to 16.82%

Trading activities on the equity market for today Monday (16/05/2022) closed negative, as the NGX-ASI increased by 0.29%  to 52,944.09 from 53,100.21, indicating a YTD return of +23.94%. Similarly, the market capitalization dropped by N84.16billion to N28.54 trillion from  N28.63 trillion. The market turnover grew to N4.96billion from N3.57billion. The market breadth closed positive at 1.3x, as 26 stocks advanced against 20 stocks, while 68 stocks remained unchanged. The share prices of NNFM gained 9.55% to top the gainers’ list, while CHAMPIONS declined by -9.84% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume of trades for the day. 

Stocks whose share prices loss during intra-day trading include: CHAMPION (-9.84%), GLAXOSMITH (-9.49%), INTBREW (-9.09%), NEIMETH (-8.33%), WAPCO (-8.28%), RTBRISCOE(-7.25%), UNITYBNK (-5.56%), FTNCOCOA (-5.26%), MULTIVERSE (-4.55%), ROYALEX (-3.92%), IKEJAHOTEL (-3.51%), WEMABANK (-2.19%), LASACO (-1.75%), FLOURMILL (-1.69%), UBA (-1.25%), JAIZBANK (-1.11%), MAYBAKER(-0.99%), ZENITHBANK(-0.69%), MTNN(-0.61%), and FIDELITYBK, (-0.27%).

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MARKET STATISTICS

CAP N28,542,677,303,386.20 One Day (ASI CHG) -0.29%
Index 52,944.09 One Week (ASI CHG) +2.01%
Volume 374183929 One Month (ASI CHG) +13.32%
Value N4,963,737,979.15 Six Months (ASI CHG) +21.87%
Deals 6,854 52 Weeks (ASI CHG) +34.10%
Gainers 26 Losers 20
Unchanged 68 Total 114
  YTD Returns +23.94%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -0.29
NGX30 -0.24
NGXBNK -0.24
NGXCNSMRGDS -0.62
NGXINDUSTR -0.64
NGXINS 2.41
NGXLOTUSISLM -0.4
NGXOILGAS 0.6

Top 7 Gainers

Security Previous Close Close Price Change Price %Change
NNFM 9.95 10.9 0.95 9.55
TRANSCORP 1.29 1.4 0.11 8.53
WAPIC 0.42 0.45 0.03 7.14
CHIPLC 0.57 0.61 0.04 7.02
REGALINS 0.29 0.31 0.02 6.90
JAPAULGOLD 0.3 0.32 0.02 6.67
LINKASSURE 0.6 0.64 0.04 6.67

Top 7 Losers

Security Previous Close Close Price Change Price %Change
CHAMPION 4.37 3.94 -0.43 -9.84
GLAXOSMITH 7.9 7.15 -0.75 -9.49
INTBREW 8.8 8 -0.80 -9.09
NEIMETH 1.92 1.76 -0.16 -8.33
WAPCO 31.4 28.8 -2.60 -8.28
RTBRISCOE 0.69 0.64 -0.05 -7.25
UNITYBNK 0.54 0.51 -0.03 -5.56
         

Top 7 Traders By Volume

Security Close Price Number of Trades Daily Volume Daily Value
TRANSCORP 1.4 305    88,586,250.00        118,991,205.60
JAIZBANK 0.89 90    87,416,065.00          77,857,596.57
ACCESSCORP 9.7 233    28,751,534.00        278,563,992.70
INTBREW 8 296    16,211,327.00        130,237,217.50
IKEJAHOTEL 1.1 87    11,375,705.00          12,628,074.12
AIICO 0.79 86    11,125,946.00            8,694,406.14
GTCO 23.95 351    10,264,748.00        245,893,553.65

Top 7 Traders By Value

Security Close Price Number of Trades  Daily Volume   Daily Value 
SEPLAT 1300.1 95      1,085,509.00    1,411,789,018.40
MTNN 260 558      2,751,341.00        715,648,714.80
ACCESSCORP 9.7 233    28,751,534.00        278,563,992.70
AIRTELAFRI 1400 56          174,554.00        257,218,479.70
GTCO 23.95 351    10,264,748.00        245,893,553.65
WAPCO 28.8 304      7,437,543.00        218,034,324.00
PRESCO 200 169          993,883.00        195,677,746.50

 

 

OUTLOOK

Stock market resumes trading activities this week bearish, as inflation advances by 16.82%. This week, we expect profit-taking to continue.

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