Stock Market Retains Gains As NGX-ASI Posts 1.30% Increase.

Trading activities in the Nigerian Exchange Market closed positive today Tuesday (27/06/2023) as the NGX-ASI increased by 1.30% to close at 60,108.86 compared to 59,335.88 recorded at the close of the previous trading day; indicating a YTD return of +17.28%.

Similarly, the market capitalization increased by N421.20 billion to N32.72987 trillion from N32.23673 trillion recorded at the close of the previous trading day, while the market turnover decreased to N12.53 billion from N13.06 billion recorded at the close of the previous trading day.

The market breadth was positive at 3.77x as 49 stocks advanced and 13 stocks declined, while 59 stocks remained unchanged. IKEJAHOTEL, COURTVILLE, OMATEK, and AFROMEDIA topped the gainers’ list with +10.00%, while REDSTAREX declined by -10.00% to lead the losers’ chart.

ACCESSCORP recorded the highest volume for the day, while GTCO recorded the highest value for the day.

Read: NGX Price List for Tuesday, 27th June 2023

MARKET STATISTICS

CAPN32,729,868,584,119.57One Day (ASI CHG)+1.30%
Index60,108.86One Week (ASI CHG)+1.69%
Volume763,696,265One Month (ASI CHG)+13.47%
ValueN12,533,873,609.15Six Months (ASI CHG)+20.93%
Deals9,46352 Weeks (ASI CHG)+16.03%
Gainers49Losers13
Unchanged59Total121
YTD Returns+17.28%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change
ASI1.30
NGX301.36
NGXBNK3.50
NGXCNSMRGDS0.40
NGXINDUSTR0.17
NGXINS0.15
NGXLOTUSISLM0.91
NGXOILGAS3.21

Source: Ngxgroup.com, GTI Research

Top 7 Gainers

SecurityPrevious Close (N)Close Price (N)Price Change%Change
IKEJAHOTEL3.33.630.3310.00
COURTVILLE0.60.660.0610.00
OMATEK0.30.330.0310.00
AFROMEDIA0.20.220.0210.00
TRANSCOHOT19.3621.291.939.97
ELLAHLAKES3.243.560.329.88
NAHCO15.717.251.559.87

Top 7 Losers

SecurityPrevious Close (N)Close Price (N)Price Change%Change
REDSTAREX3.53.15-0.35-10.00
CILEASING3.883.5-0.38-9.79
MORISON2.171.97-0.2-9.22
SOVRENINS0.540.5-0.04-7.41
MAYBAKER5.455.1-0.35-6.42
REGALINS0.40.38-0.02-5.00
SUNUASSUR0.480.46-0.02-4.17

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of Trades     Daily Volume
ACCESSCORP15.8654           111,668,408
GTCO34.4964              78,985,560
UBA12.25624              72,291,610
STERLINGNG3.06206              65,612,271
ZENITHBANK34602              52,436,609
TRANSCORP3.46283              34,567,800
FIDELITYBK6.98327              30,329,210

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of Trades     Daily Value(N)
GTCO34.4964    2,692,875,882.65
ZENITHBANK34602    1,769,838,593.00
ACCESSCORP15.8654    1,741,480,345.40
MTNN267.2334    1,375,916,952.80
SEPLAT1399.847    1,111,470,037.30
UBA12.25624       878,218,608.45
NESTLE125079       303,917,636.10

OUTLOOK

Trading session on the Nigerian Exchange sustains gains as every major sectors’ gained simultaneously in this profit-taking season. Investors’ sentiment is expected to further drive the direction of the market as trading continues for the week despite the coming two days public holiday.

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