Trading activities in the Nigerian Equities Market closed Negative today, Thursday (27/07/2023) as the NGX-ASI decreased by 0.31% to close at 65,482.91 compared to 65,687.16 recorded at the close of the previous trading day; indicating a YTD return of +27.77%.
Similarly, the market capitalization decreased by N111.15 billion to N35.63477 trillion from N35.74591 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.80 billion from N7.14 billion recorded at the close of the previous trading day.
The market breadth was negative at 0.37 x as 14 stocks advanced and 38 stocks declined, while 61 stocks remained unchanged. LASACO topped the gainers’ list with +10.00%, while JAPAULGOLD declined by -9.91% to lead the losers’ chart.
JAPAULGOLD recorded the highest volume and UBA recorded highest value for the day.
Read: NGX Price List for Thursday, 27th July 2023
MARKET STATISTICS
| CAP | N35,634,765,778,763.07 | One Day (ASI CHG) | -0.31% |
| Index | 65,482.91 | One Week (ASI CHG) | +2.43% |
| Volume | 509,247,334 | One Month (ASI CHG) | +8.94% |
| Value | N4,795,814,472.23 | Six Months (ASI CHG) | +24.36% |
| Deals | 8,070 | 52 Weeks (ASI CHG) | +30.47% |
| Gainers | 14 | Losers | 38 |
| Unchanged | 61 | Total | 113 |
| YTD Returns | +27.77% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.31 |
| NGX30 | -0.35 |
| NGXBNK | 0.02 |
| NGXCNSMRGDS | -0.66 |
| NGXINDUSTR | 0.01 |
| NGXINS | -0.95 |
| NGXLOTUSISLM | 0.17 |
| NGXOILGAS | 0.88 |
Top 7 Gainers
| Securities | Previous Close (N) | Close Price(N) | Change Price | % Change |
| LASACO | 1.90 | 2.09 | 0.19 | 10.00 |
| MULTIVERSE | 2.71 | 2.98 | 0.27 | 9.96 |
| SKYAVN | 21.20 | 23.30 | 2.10 | 9.91 |
| RTBRISCOE | 0.50 | 0.53 | 0.03 | 6.00 |
| CAP | 20.90 | 22.00 | 1.10 | 5.26 |
| TOTAL | 370.00 | 385.00 | 15.00 | 4.05 |
| NAHCO | 18.05 | 18.75 | 0.70 | 3.88 |
Top 7 Losers
| Securities | Previous Close (N) | Close Price (N) | Change Price | % Change |
| JAPAULGOLD | 1.11 | 1.00 | -0.11 | -9.91 |
| CADBURY | 15.30 | 13.80 | -1.50 | -9.80 |
| FTNCOCOA | 2.66 | 2.41 | -0.25 | -9.40 |
| NEIMETH | 1.82 | 1.65 | -0.17 | -9.34 |
| COURTVILLE | 0.66 | 0.60 | -0.06 | -9.09 |
| UNITYBNK | 1.58 | 1.45 | -0.13 | -8.23 |
| STERLINGNG | 3.70 | 3.40 | -0.30 | -8.11 |
Top 7 Traded Stocks By Volume
| Securities | Close Price (N) | Number of Trades | Daily Volume |
| JAPAULGOLD | 1.00 | 471 | 115,697,892 |
| UBA | 14.80 | 444 | 40,430,043 |
| TRANSCORP | 3.50 | 352 | 37,498,531 |
| FCMB | 6.75 | 226 | 34,989,993 |
| FIDELITYBK | 8.60 | 227 | 31,846,858 |
| FTNCOCOA | 2.41 | 271 | 26,882,992 |
| ZENITHBANK | 35.00 | 298 | 16,434,229 |
Top 7 Traded Stocks By Value
| Securities | Close Price (N) | Number of Trades | Daily Value (N) |
| UBA | 14.80 | 444 | 595,919,131.65 |
| ZENITHBANK | 35.00 | 298 | 575,102,179.30 |
| ACCESSCORP | 17.35 | 406 | 277,680,776.25 |
| FIDELITYBK | 8.60 | 227 | 271,168,577.85 |
| FCMB | 6.75 | 226 | 237,688,083.45 |
| TOTAL | 385.00 | 119 | 221,010,967.20 |
| FBNH | 19.60 | 269 | 215,332,507.95 |
OUTLOOK
The market recorded its second loss at the end of today’s trading. However, we expect investors’ sentiments to be pivoted on the the recent MPC resolution. Thus, 0.25 basic point shot the interest rate to 18.75% which will encourage a surge in fixed deposit in banking sector.
