The Nigeria Equity Market closed trading activities for today Thursday (23/03/2023) negative as the NGX-ASI decreased by 0.02% to 54,924.08 from yesterday Wednesday (22/03/2023) 54,936.11; indicating a YTD return of +7.17%.
Similarly, the market capitalization decreased by N6.55 billion to N29.92 trillion from N29.93 trillion the previous trading day, While the market turnover increase to N1.40 billion from N1.33 billion.
The market breadth was negative at 0.82 x as 14 stocks advanced and 17 stocks declined, while 73 stocks
remained unchanged. SUNUASSUR topped the gainers’ list with +9.09%, while NCR declined by -9.96%
respectively to lead the losers’ chart. TRANSCORP recorded the highest volume for the day while MTNN
recorded the highest value for the day.
Top 10 stocks whose prices declined at the end of today’s trading activites includes:
NCR(-9.96%), LINKASSURE(-8.70%), MANSARD(-7.50%), ROYALEX(-4.17%), CHAMS(-4.00%), UPDC(-4.00%), STERLNBANK(-3.25%), NAHCO(-2.44%), ACCESSCORP(-2.25%) and UCAP (-1.68)
Read: NGX Price List for Thursday, 23rd March 2023
MARKET STATISTICS
| CAP | N29,920,519,806,919.27 | One Day (ASI CHG) | -0.02% |
| Index | 54,924.08 | One Week (ASI CHG) | +0.02% |
| Volume | 117,850,276.00 | One Month (ASI CHG) | +0.51% |
| Value | N1,398,778,263.30 | Six Months (ASI CHG) | +11.08% |
| Deals | 2,575.00 | 52 Weeks (ASI CHG) | +16.45% |
| Gainers | 14 | Losers | 17 |
| Unchanged | 73 | Total | 104 |
| YTD Returns | +7.17% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| ASI | -0.02 |
| NGX30 | 0.02 |
| NGXBNK | -0.45 |
| NGXCNSMRGDS | -0.04 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.42 |
| NGXLOTUSISLM | -0.02 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| SUNUASSUR | 0.44 | 0.48 | 0.04 | 9.09 |
| TRANSCOHOT | 6.37 | 6.90 | 0.53 | 8.32 |
| ACADEMY | 1.20 | 1.29 | 0.09 | 7.50 |
| REGALINS | 0.28 | 0.30 | 0.02 | 7.14 |
| ABCTRANS | 0.35 | 0.37 | 0.02 | 5.71 |
| TRANSCORP | 1.30 | 1.37 | 0.07 | 5.38 |
| CORNERST | 0.65 | 0.68 | 0.03 | 4.62 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| NCR | 2.61 | 2.35 | -0.26 | -9.96 |
| LINKASSURE | 0.46 | 0.42 | -0.04 | -8.70 |
| MANSARD | 2.00 | 1.85 | -0.15 | -7.50 |
| ROYALEX | 0.72 | 0.69 | -0.03 | -4.17 |
| CHAMS | 0.25 | 0.24 | -0.01 | -4.00 |
| UPDC | 1.00 | 0.96 | -0.04 | -4.00 |
| STERLNBANK | 1.54 | 1.49 | -0.05 | -3.25 |
Top 7 Traded Stock By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| TRANSCORP | 1.37 | 78 | 23,396,464.00 | 31,479,794.85 |
| FIDELITYBK | 5.20 | 62 | 16,951,217.00 | 88,162,813.28 |
| FBNH | 10.95 | 141 | 13,061,285.00 | 143,571,483.70 |
| ROYALEX | 0.69 | 45 | 9,183,200.00 | 6,150,993.62 |
| UBA | 8.00 | 121 | 8,998,129.00 | 72,197,986.40 |
| ZENITHBANK | 25.10 | 143 | 7,896,749.00 | 198,176,561.35 |
| GTCO | 25.15 | 140 | 4,148,783.00 | 104,216,109.40 |
Top 7 Traded Stock by Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| MTNN | 236.00 | 208 | 1,574,033.00 | 370,213,040.60 |
| ZENITHBANK | 25.10 | 143 | 7,896,749.00 | 198,176,561.35 |
| FBNH | 10.95 | 141 | 13,061,285.00 | 143,571,483.70 |
| GTCO | 25.15 | 140 | 4,148,783.00 | 104,216,109.40 |
| FIDELITYBK | 5.20 | 62 | 16,951,217.00 | 88,162,813.28 |
| UBA | 8.00 | 121 | 8,998,129.00 | 72,197,986.40 |
| OKOMUOIL | 183.50 | 54 | 392,694.00 | 71,235,405.80 |
OUTLOOK
Going forward, we expect investor’s sentiments to be swayed by the search for real positive returns and developments in the interest rate space.
