The Nigerian equity market closed negative today (Thursday 17/03/22), reversing the previous day’s gains. The NGX- ASI fell to 47,353.22 from 47,364.46, indicating a YTD return of +10.85%. Similarly, the market capitalisation declined by 0.02% from N25,526.86 billion to N25,520.81 billion. The market turnover rose to N3.89bn from N2.54bn and the market breadth was positive at 1.06X as 18 stocks advanced against 17 stocks that declined, while 72 stocks remained unchanged. The share prices of UACN gained 10.00% to top the gainers’ list, while NIGERINS declined by -9.09% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: NIGERINS(–9.09%), CORNERSTONE(–6.45%), SEPLAT(-3.13%), LASACO(-3.13%), NB(-1.98%), REDSTAR(-1.64%), UPL(-1.61%), DANGSUGAR(-1.25%), FCMB(-1.16%), SCOA(-0.83%), UCAP(-0.80%), UBN(-0.80%), CAVERTON(-0.76%), UNILEVER(-0.74%), UBA(-0.58%), and HONYFLOUR(-0.27%).
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MARKET STATISTICS
| CAP | N25,520,808,775,882.47 | One Day (ASI CHG) | -0.02% |
| Index | 47,353.22 | One Week (ASI CHG) | -0.02% |
| Volume | 239,732,111 | One Month (ASI CHG) | +0.53% |
| Value | N3,891,991,955.43 | Six Months (ASI CHG) | +21.59% |
| Deals | 3,848 | 52 Weeks (ASI CHG) | +22.34% |
| Gainers | 18 | Losers | 17 |
| Unchanged | 72 | Total | 107 |
| YTD Returns | +10.85% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.02 |
| NGX30 | -0.03 |
| NGXBNK | 0.01 |
| NGXCNSMRGDS | -0.45 |
| NGXINDUSTR | 0.00 |
| NGXINS | 0.08 |
| NGXLOTUSISLM | 0.14 |
| NGXOILGAS | -1.76 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| UACN | 11 | 11 | 12.1 | 1.1 | 10.00 |
| ROYALEX | 1.02 | 1.02 | 1.12 | 0.1 | 9.80 |
| WAPIC | 0.49 | 0.49 | 0.53 | 0.04 | 8.16 |
| PRESCO | 125 | 125 | 133 | 8 | 6.40 |
| MULTIVERSE | 0.22 | 0.22 | 0.23 | 0.01 | 4.55 |
| JAPAULGOLD | 0.33 | 0.33 | 0.34 | 0.01 | 3.03 |
| REGALINS | 0.38 | 0.38 | 0.39 | 0.01 | 2.63 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| NIGERINS | 0.22 | 0.22 | 0.2 | -0.02 | -9.09 |
| CORNERST | 0.62 | 0.62 | 0.58 | -0.04 | -6.45 |
| VERITASKAP | 0.22 | 0.22 | 0.21 | -0.01 | -4.55 |
| SEPLAT | 960 | 960 | 930 | -30 | -3.13 |
| LASACO | 1.07 | 1.07 | 1.04 | -0.03 | -2.80 |
| NB | 45.4 | 45.4 | 44.5 | -0.9 | -1.98 |
| REDSTAREX | 3.05 | 3.05 | 3 | -0.05 | -1.64 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| VERITASKAP | 0.21 | 30,010,000 | 6,302,301.00 |
| UBA | 8.5 | 27,729,893 | 235,186,424.90 |
| FBNH | 11.95 | 23,020,559 | 272,018,609.60 |
| GTCO | 26.2 | 18,246,589 | 477,757,005.55 |
| FIDELITYBK | 2.98 | 16,106,882 | 47,763,111.64 |
| UACN | 12.1 | 15,893,358 | 188,367,109.00 |
| ETI | 11.95 | 12,579,701 | 150,687,977.10 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| MTNN | 205 | 4,689,761 | 961,427,810.50 |
| GTCO | 26.2 | 18,246,589 | 477,757,005.55 |
| SEPLAT | 930 | 311,584 | 289,734,503.30 |
| FBNH | 11.95 | 23,020,559 | 272,018,609.60 |
| UBA | 8.5 | 27,729,893 | 235,186,424.90 |
| ZENITHBANK | 26.45 | 8,725,177 | 231,012,986.45 |
| UACN | 12.1 | 15,893,358 | 188,367,109.00 |
OUTLOOK
Market transactions for today closed bearish as investors weigh in on the impacts of the interest rate hike by the US Federal Reserve on their investments. We expect Investors to trade stocks with caution and also, look out for fixed income instruments with good yields.
