Stock Market Goes Bearish As ASI drops by -0.06%

The Nigeria Equity Market closed trading activities for today Tuesday (21/02/2023) negative, as the NGX-ASI decreased by -0.06% to 54,189.31 from 54,224.35; indicating a YTD return of +5.73%.

Similarly, the market capitalization decreased by N19.09 billion to N29.52 trillion from N29.54 trillion. The market turnover massively increased to N15.58 billion from N5.49 billion.

The market breadth was negative at 0.6x as 9 stocks advanced and 15 stocks declined, while 88 stocks remained unchanged. MRS topped the gainers’ list with +10.00% increase, while VERITASKAP declined by -4.76% to lead the losers’ chart. Also, GTCO recorded the highest volume and value for the day.

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

VERITASKAP(-4.76%), LINKASSURE(-4.44%), INTBREW(-4.26%), TRANSCORP(-4.03%), CHIPLC(-2.99%), CUTIX(-1.91%), ACCESSCORP(-1.63%), UACN(-1.11%), UBN(-0.75%), and FIDSON(-0.63%).

Read: NGX Price List for Tuesday, 21st February, 2023

MARKET STATISTICS

CAPN29,519,812,270,588.53One Day (ASI CHG)-0.06%
Index54,189.31One Week (ASI CHG)-0.56%
Volume254,174,108.00One Month (ASI CHG)+3.03%
ValueN15,577,141,814.62Six Months (ASI CHG)+9.76%
Deals2,950.0052 Weeks (ASI CHG)+17.73%
Gainers9 Losers 15
Unchanged88Total 112
YTD Returns+5.73%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI-0.06
NGX30-0.11
NGXBNK-0.38
NGXCNSMRGDS-0.16
NGXINDUSTR0.00
NGXINS-0.22
NGXLOTUSISLM0.02
NGXOILGAS0.28

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price%Change
MRS2325.32.310.00
TRIPPLEG2.182.390.219.63
AIICO0.590.60.011.69
UPDCREIT3.053.10.051.64
JAIZBANK0.90.910.011.11
CAVERTON0.970.980.011.03
UPDC 11.010.011.00

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price%Change
VERITASKAP0.210.2-0.01-4.76
LINKASSURE0.450.43-0.02-4.44
INTBREW4.74.5-0.2-4.26
TRANSCORP1.241.19-0.05-4.03
CHIPLC0.670.65-0.02-2.99
CUTIX2.092.05-0.04-1.91
ACCESSCORP9.29.05-0.15-1.63

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Value Daily Volume
GTCO2517331,074,896779,380,667.60
ZENITHBANK2520815,036,826375,845,972.05
ACCESSCORP9.0515911,072,327100,524,013.15
UBA8.35867,190,40060,002,669.00
FIDELITYBK5.111185,663,17929,306,182.50
FBNH 11.6795,048,88758,625,970.95
ETI12344,976,87059,745,518.30

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume Daily Value
GTCO2517331,074,896779,380,667.60
MTNN245.53542,032,249491,248,717.20
ZENITHBANK2520815,036,826375,845,972.05
AIRTELAFRI162021220,384346,015,090.70
SEPLAT132522244,444323,873,970.70
ACCESSCORP9.0515911,072,327100,524,013.15
NESTLE1080.34579,06987,018,655.80

OUTLOOK

Investors jittery prevailed as all sectors except Oil& gas and Lotus showed dominance in today’s Market performance.

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