Stock Market Sustains Bullish Sentiment, Expands by 1.04%

The Nigerian equities market gained 1.04%, as the rout in equities prices remained positive. The NGX- ASI increased to 47,111.21 from 46,624.67, while the YTD return increased to +10.29% from +9.15%. The total market capitalization increased to N25,89trn from N25,12trn as investors gained N262.182bn.

The market turnover increased to N3.69 from N3.44bn, while market breadth was positive at 1.71x as 36 stocks advanced against 21 stocks that declined, 55 stocks remained unchanged. The share price of SEPLAT increased by 10.00% each to top the gainer’s chart, while CAVERTON declined by -9.50% to lead the losers’ chart.

Stocks whose share prices declined during intra-day trading include: SEPLAT(+10.00%), CONOIL(+9.79%), PRESCO(+8.75%) FIDSON(+8.57%), WAPCO(+5.47%), NGXGROUP(+5.38%), ZENITHBANK(+4.99%), ACCESS(+4.55%), GTCO(+4.09%), NNFM(+4.05%), WAPIC(+4.00%), MTNN(+2.53%), UBA(+2.33%), HONYFLOUR(+1.47%), FIDELITYBANK(+1.42%), UCAP(+1.36%), UACN(+1.12%), FLOURMILL(+1.05%), JBERGER(+0.78%), CUTI)and LIVESTOCK(+0.50%).

 

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MARKET STATISTICS

CAP N 25,386,532,841,463.77 One Day (ASI CHG) +1.04%
Index 47,111.21 One Week (ASI CHG) +2.55%
Volume 341,516,320 One Month (ASI CHG) +10.29%
Value N3,692,321,679.14 Six Months (ASI CHG) +22.22%
Deals 6,417.00 52 Weeks (ASI CHG) +11.22%
Gainers 36 Losers 21
Unchanged 55 Total 112
YTD Returns +10.29%

 

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security % Change 
ASI 1.04
NGX30 1.5
NGXBNK 2.15
NGXCNSMRGDS 0.19
NGXINDUSTR 0.38
NGXINS 0.84
NGXLOTUSISLM 1.03
NGXOILGAS 5.43

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
SEPLAT 790.00 790.00 869.00 79.00 10.00
CONOIL 21.95 21.95 24.10 2.15 9.79
ACADEMY 0.94 0.94 1.03 0.09 9.57
RTBRISCOE 0.22 0.24 0.24 0.02 9.09
PRESCO 96.55 96.55 105.00 8.45 8.75
FTNCOCOA 0.35 0.35 0.38 0.03 8.57
FIDSON 7.70 7.70 8.29 0.59 7.66

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
CAVERTON 1.79 1.62 1.62 -0.17 -9.50
ETERNA 6.00 5.41 5.45 -0.55 -9.17
NCR 3.30 3.30 3.00 -0.30 -9.09
JAPAULGOLD 0.40 0.40 0.37 -0.03 -7.50
ETI 12.50 12.50 11.60 -0.90 -7.20
UPDCREIT 3.85 3.85 3.60 -0.25 -6.49
GLAXOSMITH 6.40 6.40 6.05 -0.35 -5.47

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
TRANSCORP 1.17     32,109,940           37,461,918.83
FIDELITYBK 2.85     25,154,627           71,502,985.00
ACCESS 10.35     23,463,223         238,277,207.85
GTCO 28.00     21,118,871         587,324,496.05
NGXGROUP 24.50     20,511,524         502,539,761.90
SOVRENINS 0.24     16,785,225             3,937,212.00
CHAMS 0.21     16,182,212             3,303,021.72

Top 7 Traders By Value

Security Close Price  Daily Volume  Daily Value
GTCO 28.00     21,118,871         587,324,496.05
NGXGROUP 24.50     20,511,524         502,539,761.90
ZENITHBANK 27.35     12,717,306         340,884,274.65
SEPLAT 869.00          397,466         339,653,224.50
MTNN 202.50       1,459,595         292,653,133.00
ACCESS 10.35     23,463,223         238,277,207.85
WAPCO 27.00       7,753,778         208,906,821.25

OUTLOOK

The stock market sustained positive sentiment as investors continue to take positions in stocks with good dividend yields such as the SEPLAT, MTNN, ZENITH BANK, and others. Also, as more corporates release their financial statements, we expect to see movements in response to corporate release and economic trends.

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