The Market Start’s The Week Positive As ASI posts a 0.07% gain

The Nigeria Equity Market closed trading activities for today Monday (13/02/2023) positive, as the NGX-ASI increased by 0.07% to 54,364.67 from 54,327.30; indicating a YTD return of +6.08%.

Similarly, the market capitalization decreased by N20.35 billion to N29.61 trillion from N29.59 trillion. The market turnover decreased to N3.16 billion from N5.33 billion.

The market breadth was positive at 2.25x as 18 stocks advanced and 8 stocks declined, while 86 stocks remained unchanged. CONOIL topped the gainers’ list with +9.98% increase, while CWG declined by -9.18% to lead the losers’ chart. Also, UBA recorded the highest volume and DANGCEM recorded highest value for the day.

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

CONOIL(+9.98%), MRS(+8.24%), CHAMS(+8.00%), GLAXOSMITH(+6.25%),CHAMPION(+6.22%), VITAFOAM(+6.09%), INTENEGINS(+4.03%), CORNERST(+3.39%), CHIPLC(+3.17%), and WAPCO(+2.35%).

Read: NGX Price List for Monday, 13th February, 2023

MARKET STATISTICS

CAPN29,610,971,126,858.59One Day (ASI CHG)+0.07%
Index54,364.67One Week (ASI CHG)-0.01%
Volume140,840,677.00One Month (ASI CHG)+3.53%
ValueN3,158,830,677.52Six Months (ASI CHG)+9.46%
Deals3,553.0052 Weeks (ASI CHG)+15.17%
Gainers18 Losers 8
Unchanged86Total 112
YTD Returns+6.08%

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange Percent
ASI0.07
NGX500.07
NGXBNK0.56
NGXCNSMRGDS0.05
NGXINDUSTR0.12
NGXINS0.49
NGXLOTUSISLM0.24
NGXOILGAS0.98

Top 7 Gainers

SecurityPrevious CloseClose PriceChange Price%change
CONOIL32.0535.253.209.98
MRS21.2523.001.758.24
CHAMS0.250.270.028.00
GLAXOSMITH6.46.800.406.25
CHAMPION4.54.780.286.22
VITAFOAM19.720.901.206.09
INTENEGINS1.241.290.054.03

Top 7 Losers

SecurityPrevious CloseClose PriceChange Price%change
CWG0.980.89-0.09-9.18
FIDELITYBK5.585.42-0.16-2.87
NAHCO8.408.20-0.20-2.38
FBNH11.8511.65-0.20-1.69
UBN6.706.65-0.05-0.75
ETERNA7.006.95-0.05-0.71
OANDO3.903.88-0.02-0.51

Top 7 Traders by Volume

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
UBA8.40171     28,623,999.00  239,736,389.30
GTCO25.15206     22,877,960.00  575,256,609.50
ACCESSCORP9.15132     14,742,870.00  134,235,049.55
ZENITHBANK25.65250     12,598,110.00  319,219,185.45
CHAMS0.2719      5,450,857.00       1,456,126.08
JAIZBANK0.9052      4,049,220.00       3,641,740.82
FIDELITYBK5.42114       3,229,219.00     17,878,958.91

Top 7 Traders by Value

SecurityClose PriceNumber of Trades Daily Volume  Daily Value 
DANGCEM270.0055     3,010,794.00  812,889,072.00
GTCO25.15206     22,877,960.00  575,256,609.50
ZENITHBANK25.65250     12,598,110.00  319,219,185.45
UBA8.40171     28,623,999.00  239,736,389.30
GEREGU209.90126      848,022.00  174,564,748.40
SEPLAT1325.0025       113,856.00  150,699,404.20
MTNN241.90318        565,545.00  139,392,912.10

OUTLOOK

The banking sector maintained its strength as it retains dominance in the market. We expect positive sentiment to be maintained as investors continue to take refuge in safe haven stocks.

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