Stock Market Recedes, as NGX-ASI Declines by 2.26%

The Nigeria Equity Market closed trading activities for today, Tuesday (09/08/2022) negative, as the NGX-ASI dipped by 2.26% to 49350.71 from 50,489.73 indicating a YTD return of +15.53%. Similarly, the market capitalization dropped by N614.36 billion to N26.62 trillion from N27.23 trillion. The market turnover decreased to N1.60 billion from N2.12 billion. The market breadth was negative at 0.75x, as 12 stocks advanced and 16 stocks declined, while 81 remained unchanged. NEM  and PRESTIGE topped the gainers’ list with +10%, while CORNEST dropped by -9.33% to lead the losers’ chart. Also, JAPAULGOLD recorded the highest volume of trade and SEPLAT the highest value of trade for the day.  

Stocks whose share prices lost during intra-day trading include:  CORNEST (-9.33%), DANGCEM(-9.06%), JAPAULGOLD(-8.11%), SOVRENINS(-7.41%), STANBIC(-6.45%), CHAMPION (-6.25%),  INTBREW(-4.76%), HONYFLOUR(-4.75%), MTNN(-4.29%), NAHCO(-3.33%),  CHIPLC(-3.33%), OANDO(-1.80%), MANSARD(-1.59%), JAIZBANK(-1.14%), MAYBAKER(-1.11%),and UBA(-0.69%).

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MARKET STATISTICS

CAP N26,618,192,885,437.48 One Day (ASI CHG) -2.26%
Index 49,350.71 One Week (ASI CHG) -2.52%
Volume 140,610,346.00 One Month (ASI CHG) -4.28%
Value N1,600,148,807.72 Six Months (ASI CHG) +4.65%
Deals 3,895.00 52 Weeks (ASI CHG) +27.96%
Gainers 12  Losers 16
Unchanged 81  Total 109
  YTD Returns +15.53%  

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -2.26
NGX30 -2.50
NGXBNK +0.60
NGXCNSMRGDS -0.29
NGXINDUSTR -4.83
NGXINS +0.24
NGXLOTUSISLM -2.98
NGXOILGAS -0.27

Top 7 Gainers

Security    Previous Close          Close Price Change Price            % change
NEM 3.40 3.74 0.34 10.00
PRESTIGE 0.40 0.44 0.04 10.00
ELLAHLAKES 3.58 3.93 0.35 9.78
MULTIVERSE 1.88 2.06 0.18 9.57
IKEJAHOTEL 0.97 1.06 0.09 9.28
RTBRISCOE 0.36 0.39 0.03 8.33
CHAMS 0.25 0.27 0.02 8.00

Top 7 Losers

Security    Previous Close         Close Price      Change Price           % change
CORNERST 0.75 0.68 -0.07 -9.33
DANGCEM 265.00 241.00 -24.00 -9.06
JAPAULGOLD 0.37 0.34 -0.03 -8.11
SOVRENINS 0.27 0.25 -0.02 -7.41
STANBIC 31.00 29.00 -2.00 -6.45
CHAMPION 4.00 3.75 -0.25 -6.25
INTBREW 5.25 5.00 -0.25 -4.76

Top 7 Traders By Volume

Security Close Price  Trades Daily Volume Daily Value
JAPAULGOLD 0.34 98   23,180,182        8,951,218
AIICO 0.57 47   14,848,501        8,448,728
STERLNBANK 1.50 65   14,301,701     21,410,942
SOVRENINS 0.25 8   10,110,600        2,578,650
GTCO 20.55 265      7,850,003   160,968,657
UBA 7.20 171      6,151,177     44,264,660
ACCESSCORP 9.00 169      5,909,697     53,167,207

Top 7 Traders By Value

Security Close Price  Trades Daily Volume Daily Value
SEPLAT 1430.50 140          294,102       441,752,229
MTNN 201.00 356       1,480,553       300,879,203
GTCO 20.55 265       7,850,003       160,968,657
ZENITHBANK 21.25 265       4,445,297         94,586,782
DANGCEM 241.00 81          327,599         79,129,963
ACCESSCORP 9.00 169       5,909,697         53,167,207
UBA 7.20 171       6,151,177         44,264,660

 

OUTLOOK

 We expect mixed sentiments to continue in the coming week, as more companies’ release their Q2 results.

 

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