The Nigeria Equity Market closed trading activities for today Thursday (16/03/2023) negative as the NGX-ASI decreased by -1.04% to 54,915.61from 55,490.20 ; indicating a YTD return of +7.15%.
Similarly, the market capitalization decreased by N313.02 billion to N29.92 trillion from N30.23 trillion. The market turnover increased to N1.51 billion from N3.41 billion.
The market breadth was negative at 0.28x as 07 stocks advanced and 25 stocks declined, while 79 stocks remained unchanged. CHAMS topped the gainers’ list with +8.70%, while ETI declined by -10.00% to lead the losers’ chart. Also, TRANSCORP recorded the highest volume while ZENITHBANK recorded the highest value for the day.
Stocks whose share prices decreased during intra-day trading include:
ETI(-10.00%),IMG(-9.32%), ROYALEX(-8.22%), RTBRISCOE(–7.69%), INTENEGINS(-6.92%),UCAP(-5.13%),CUTIX(-5.12%), MTNN(-4.95%), ACCESSCORP(-4.44%), and TRANSCORP(-4.44%).
Read: NGX Price List for Thursday, 16th March 2023
MARKET STATISTICS
| CAP | N29,915,901,700,111.88 | One Day (ASI CHG) | -1.04% |
| Index | 54,915.61 | One Week (ASI CHG) | -1.62% |
| Volume | 137,286,570.00 | One Month (ASI CHG) | +0.73% |
| Value | N1,509,754,613.07 | Six Months (ASI CHG) | +10.66% |
| Deals | 3,489.00 | 52 Weeks (ASI CHG) | +15.94% |
| Gainers | 07 | Losers | 25 |
| Unchanged | 79 | Total | 111 |
| YTD Returns | +7.15% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -1.04 |
| NGX30 | -1.17 |
| NGXBNK | -1.00 |
| NGXCNSMRGDS | -0.17 |
| NGXINDUSTR | -0.10 |
| NGXINS | -0.36 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| CHAMS | 0.23 | 0.25 | 0.02 | 8.70 |
| UPL | 1.85 | 1.99 | 0.14 | 7.57 |
| STERLNBANK | 1.5 | 1.54 | 0.04 | 2.67 |
| ZENITHBANK | 23.85 | 24.45 | 0.6 | 2.52 |
| OANDO | 4.01 | 4.1 | 0.09 | 2.24 |
| HONYFLOUR | 2.22 | 2.25 | 0.03 | 1.35 |
| JAIZBANK | 0.88 | 0.89 | 0.01 | 1.14 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| ETI | 12 | 10.8 | -1.2 | -10.00 |
| IMG | 8.05 | 7.3 | -0.75 | -9.32 |
| ROYALEX | 0.73 | 0.67 | -0.06 | -8.22 |
| RTBRISCOE | 0.26 | 0.24 | -0.02 | -7.69 |
| INTENEGINS | 1.3 | 1.21 | -0.09 | -6.92 |
| UCAP | 11.7 | 11.1 | -0.6 | -5.13 |
| CUTIX | 2.15 | 2.04 | -0.11 | -5.12 |
Top 7 Traders by Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.29 | 113 | 26,084,720.00 | 33,978,662.10 |
| ZENITHBANK | 24.45 | 408 | 14,721,109.00 | 353,890,276.65 |
| STERLNBANK | 1.54 | 50 | 13,230,973.00 | 20,018,980.13 |
| UBA | 8 | 139 | 10,241,694.00 | 81,385,026.75 |
| ACCESSCORP | 8.6 | 193 | 7,625,765.00 | 66,201,462.75 |
| FBNH | 10.7 | 77 | 5,307,153.00 | 56,962,759.95 |
| FLOURMILL | 31 | 56 | 4,310,846.00 | 133,551,073.95 |
Top 7 Traders by Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| ZENITHBANK | 24.45 | 408 | 14,721,109.00 | 353,890,276.65 |
| MTNN | 236 | 268 | 904,294.00 | 213,247,701.60 |
| FLOURMILL | 31 | 56 | 4,310,846.00 | 133,551,073.95 |
| UBA | 8 | 139 | 10,241,694.00 | 81,385,026.75 |
| WAPCO | 25 | 106 | 2,826,594.00 | 70,747,724.00 |
| ACCESSCORP | 8.6 | 193 | 7,625,765.00 | 66,201,462.75 |
| GTCO | 24.7 | 186 | 2,690,134.00 | 65,299,496.30 |
OUTLOOK
Investors continues to pick safe stocks ahead of election uncertainties, We expect this negative performance to persist in the absence of any other catalyst.
