Stock Market Reverses Bearish Sentiment, Raps Up The Week Positive.

The Nigeria Equity Market closed trading activities for today Friday (07/10/2022) positive as the NGX-ASI advanced by 0.19% to 47,351.43from 47,260.89 ; indicating a YTD return of +10.85%.

Similarly, the market capitalization increased by N 49.31 billion to N25.79 trillion from N25.74 trillion. The market turnover decreased to N17.12 billion from N25.74billion.

The market breadth was negative at 0.93x, as 13 stocks advanced and 14 stocks declined, while 72 stocks remained unchanged. FTNCOCOA topped the gainers’ list with +7.14%, while NASCON declined by -9.52% to lead the losers’ chart. Also, GTCO recorded the highest volume and value for the day.

Stocks whose share prices gained during intra-day trading include:

FTNCOCOA(+7.14%),INTBREW(+5.56%), SOVRENINS(+4.00%), STERLNBANK(+3.33%), UBA(+2.96%), FIDELITYBK(+2.94%), NGXGROUP(+2.44%), HONYFLOUR(+1.90%), LIVESTOCK(+1.79%), ZENITHBANK(+1.30%), MULTIVERSE(+1.12%), MTNN(+0.81%) and GTCO(+0.29%)

Read: NGX Price List for Friday, 7th October 2022

MARKET STATISTICS

CAPN25,791,050,498,013.94One Day (ASI CHG)0.19%
Index47,351.43One Week (ASI CHG)-3.41%
Volume137,281,162.00One Month (ASI CHG)-4.53%
ValueN1,712,433,025.00Six Months (ASI CHG)+1.74%
Deals3,845.0052 Weeks (ASI CHG)+15.97%
Gainers13 Losers14
Unchanged72Total99
YTD Returns+10.85

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.19
NGX300.24
NGXBNK1.04
NGXCNSMRGDS0.13
NGXINDUSTR0.00
NGXINS-1.47
NGXLOTUSISLM0.1
NGXOILGAS-0.41

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price% CHANGE
FTNCOCOA0.280.30.027.14
INTBREW4.54.750.255.56
SOVRENINS0.250.260.014.00
STERLNBANK1.51.550.053.33
UBA6.556.750.23.05
FIDELITYBK3.43.50.12.94
NGXGROUP20.5210.52.44

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price% CHANGE
NASCON10.59.5-1-9.52
MAYBAKER4.093.69-0.4-9.78
UPDCREIT3.052.8-0.25-8.20
FCMB3.253.1-0.15-4.62
ACADEMY1.61.45-0.15-9.38
OANDO4.624.5-0.12-2.60
NEIMETH1.331.26-0.07-5.26

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
GTCO17696          33,788,369.00        573,800,103.05
OANDO4.5111          18,448,707.00          83,650,373.42
TRANSCORP1.0574          13,520,902.00          14,084,958.54
ZENITHBANK19.55232            7,427,382.00        144,576,026.10
CHAMS0.2728            6,990,825.00            1,883,411.19
UBA6.75167            4,767,860.00          31,829,111.25
MULTIVERSE4.532            4,384,392.00          19,736,956.00

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
GTCO17696          33,788,369.00        573,800,103.05
MTNN199199            1,683,502.00        334,872,583.00
ZENITHBANK19.55232            7,427,382.00        144,576,026.10
AIRTELAFRI180019                  68,131.00        110,372,220.00
GEREGU120.9261                737,546.00          85,993,126.20
OANDO4.5111          18,448,707.00          83,650,373.42
NGXGROUP2199            3,722,095.00          77,906,535.80

OUTLOOK

We expect mixed sentiments to continue this week, as investors settle into a new interest rate environment.

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