Trading activities on the Nigerian equity market for Monday(21/03/2022) closed in the red maintaining the previous week’s bearish trend. The NGX-ASI dipped by 0.07% to 47,251.93 from 47,282.67, indicating a YTD return of +10.62%. Similarly, the market capitalization also fell by 0.07% from N25.482 Trillion to N25.466 Trillion. The market turnover was down to N2.68bn from N3.83bn and the market breadth was negative at 0.71X as 15 stocks advanced against 21 stocks that declined, while 74 stocks remained unchanged. The share prices of GUINNESS gained 10.00% to top the gainers’ list, while RTBRISCOE declined by -10.00% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: RTBRISCOE (-10.00%), BERGER (-9.64%), IKEJAHOTEL (-8.76%), CHAMPION(-8.07%), UPDC (-8.00%), AIICO (-5.56%), UACN (-4.92%), MULTIVERSE (-4.35%), NASCON (-2.96%), ETERNA (-2.86%), STERLNBANK (-2.61%), HONYFLOUR (-1.88%), TRANSCORP (-1.75%), COURTVILLE (-1.75%), AFRIPRUD (-1.67%), CUSTODIAN (-1.41%) , UBA (-1.27%), UCAP (-1.20%) INTBREW (-0.99%), FCMB (-0.29%) WAPCO (-0.21%), and GCTCO(-0.19%)
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MARKET STATISTICS
| CAP | N25,466,219,567,716.74 | One Day (ASI CHG) | -0.07% |
| Index | 47,251.93 | One Week (ASI CHG) | -0.37% |
| Volume | 213,569,936 | One Month (ASI CHG) | +0.04% |
| Value | N2,675,607,403.31 | Six Months (ASI CHG) | +21.5% |
| Deals | 4,485 | 52 Weeks (ASI CHG) | +23.11% |
| Gainers | 15 | Losers | 21 |
| Unchanged | 74 | Total | 111 |
| YTD Returns | +10.62% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.07 |
| NGX30 | -0.09 |
| NGXBNK | -0.91 |
| NGXCNSMRGDS | 0.46 |
| NGXINDUSTR | -0.01 |
| NGXINS | -0.71 |
| NGXLOTUSISLM | -0.01 |
| NGXOILGAS | 0.01 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | %Change |
| GUINNESS | 65.00 | 71.50 | 6.50 | 10.00 |
| ROYALEX | 1.20 | 1.30 | 0.10 | 8.33 |
| MBENEFIT | 0.25 | 0.27 | 0.02 | 8.00 |
| LASACO | 1.00 | 1.06 | 0.06 | 6.00 |
| LIVESTOCK | 1.60 | 1.69 | 0.09 | 5.63 |
| FTNCOCOA | 0.32 | 0.33 | 0.01 | 3.13 |
| CUTIX | 2.28 | 2.35 | 0.07 | 3.07 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | %Change |
| RTBRISCOE | 0.80 | 0.72 | -0.08 | -10.00 |
| BERGER | 8.30 | 7.50 | -0.80 | -9.64 |
| IKEJAHOTEL | 1.37 | 1.25 | -0.12 | -8.76 |
| CHAMPION | 2.23 | 2.05 | -0.18 | -8.07 |
| UPDC | 1.00 | 0.92 | -0.08 | -8.00 |
| AIICO | 0.72 | 0.68 | -0.04 | -5.56 |
| UACN | 12.20 | 11.60 | -0.60 | -4.92 |
Top 7 Traders By Volume
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| ACCESS | 9.8 | 311 | 27,188,057 | 265,421,445.10 |
| ZENITHBANK | 27 | 427 | 19,926,227 | 534,679,682.95 |
| UBA | 7.75 | 324 | 18,736,594 | 145,041,766.30 |
| GTCO | 26.15 | 465 | 18,405,520 | 482,362,314.15 |
| TRANSCORP | 1.12 | 109 | 15,119,066 | 17,068,193.42 |
| FIDELITYBK | 3.07 | 175 | 10,848,726 | 32,691,125.71 |
| AIICO | 0.68 | 94 | 9,841,327 | 6,804,485.56 |
Top 7 Traders By Value
| Security | Close Price | Number of Trades | Daily Volume | Daily Value |
| ZENITHBANK | 27.00 | 427.00 | 19,926,227 | 534,679,682.95 |
| GTCO | 26.15 | 465.00 | 18,405,520 | 482,362,314.15 |
| ACCESS | 9.80 | 311.00 | 27,188,057 | 265,421,445.10 |
| AIRTELAFRI | 1260.00 | 20.00 | 207,927 | 261,980,588.40 |
| NGXGROUP | 23.60 | 88.00 | 6,380,929 | 149,794,189.90 |
| UBA | 7.75 | 324.00 | 18,736,594 | 145,041,766.30 |
| MTNN | 205.50 | 208.00 | 685,516 | 141,154,865.70 |
OUTLOOK
The equity market maintained its negative trend from last week as economic conditions continue to cloud market sentiments. A mounting debt profile, shrinking government revenue, and potential currency devaluation continue to fuel an exodus from risky assets in search of more stable investment options. Investors will be looking forward to the outcome of the MPC meeting tomorrow to determine the next moves.
