Trading activities on the Nigerian Local market closed for today (Tuesday) on a negative note, down by 0.23%, to extend the bearish trend to five consecutive trading days. The NGX- ASI fell to 47,154.35 from 47,262.61, indicating a YTD return of +10.39%. The market turnover increased to N3.64bn from N2.86bn. The market breadth was negative at 0.57x as 16 stocks advanced against 28 stocks that declined, while 58 stocks remained unchanged. The share prices of NIGERINS gained 9.52% to top the gainers’ list, while CONOIL and JAIZBANK both declined by -10.00% to lead the losers’ chart.
Stocks whose share prices gained during intra-day trading include: UPL (-9.97%), NEM (-9.87%), FTNCOCOA (-7.69%), HONYFLOUR (-7.46%), LINKASSURE (-7.27%), LIVESTOCK (-5.71%), FLOURMILL (-4.38%), NB (-3.13%), UCAP (-2.86%), JAPAULGOLD (-2.86%), NESTLE (-2.79%), CILEASING (-2.78%), ARDOVA (-2.42%), FBNH (-2.19%), WAPCO (-2.08%), OANDO (-2.03%), TRANSCORP (-1.85%), ACCESS (-1.48%), FIDELITYBK (-0.67%), and ZENITHBANK (-0.19%).
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MARKET STATISTICS
| CAP | N25,413,625,943,667.71 | One Day (ASI CHG) | -0.23% |
| Index | 47,154.35 | One Week (ASI CHG) | -0.69% |
| Volume | 754,933,491 | One Month (ASI CHG) | -0.21% |
| Value | N3,637,839,499.24 | Six Months (ASI CHG) | +20.28% |
| Deals | 4,330 | 52 Weeks (ASI CHG) | +19.69% |
| Gainers | 16 | Losers | 28 |
| Unchanged | 58 | Total | 102 |
| YTD Returns | +10.39% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -0.23 |
| NGX30 | -0.36 |
| NGXBNK | -0.06 |
| NGXCNSMRGDS | -2.15 |
| NGXINDUSTR | -0.12 |
| NGXINS | -2.16 |
| NGXLOTUSISLM | -0.66 |
| NGXOILGAS | -0.77 |
Top 7 Gainers
| Security | Previous Close | Close Price | Change Price | % Change |
| NIGERINS | 0.21 | 0.23 | 0.02 | 9.52 |
| CHIPLC | 0.59 | 0.64 | 0.05 | 8.47 |
| CUTIX | 2.29 | 2.48 | 0.19 | 8.30 |
| NGXGROUP | 20.80 | 22.25 | 1.45 | 6.97 |
| UPDC | 0.90 | 0.95 | 0.05 | 5.56 |
| UBN | 6.00 | 6.20 | 0.20 | 3.33 |
| VITAFOAM | 21.30 | 21.90 | 0.60 | 2.82 |
Top 7 Losers
| Security | Previous Close | Close Price | Change Price | % Change |
| CONOIL | 26.50 | 23.85 | -2.65 | -10.00 |
| JAIZBANK | 0.80 | 0.72 | -0.08 | -10.00 |
| UPL | 2.91 | 2.62 | -0.29 | -9.97 |
| NEM | 3.95 | 3.56 | -0.39 | -9.87 |
| RTBRISCOE | 0.62 | 0.56 | -0.06 | -9.68 |
| FTNCOCOA | 0.39 | 0.36 | -0.03 | -7.69 |
| PHARMDEKO | 1.97 | 1.82 | -0.15 | -7.61 |
Top 7 Traders By Volume
| Security | Close Price | Trades | Daily Volume |
| UNITYBNK | 0.51 | 30 | 525,278,217 |
| GTCO | 26.2 | 308 | 29,353,607 |
| UBA | 8.4 | 276 | 17,980,465 |
| ZENITHBANK | 26.8 | 310 | 14,268,216 |
| JAPAULGOLD | 0.34 | 51 | 13,207,925 |
| ACCESS | 10 | 154 | 12,551,170 |
| CHIPLC | 0.64 | 44 | 12,532,808 |
Top 7 Traders By Value
| Security | Close Price | Trades | Daily Value |
| GTCO | 26.2 | 308 | 766,262,489.25 |
| NESTLE | 1395 | 40 | 430,850,770.80 |
| MTNN | 204 | 191 | 426,012,005.70 |
| ZENITHBANK | 26.8 | 310 | 382,959,279.05 |
| NB | 46.5 | 57 | 331,796,566.35 |
| UNITYBNK | 0.51 | 30 | 262,467,483.14 |
| UBA | 8.4 | 276 | 151,234,603.90 |
OUTLOOK
The Nigerian domestic market extend its bearish trend to five consecutive days, as investors weigh the risk of the Russian-Ukrainian war on the local bourse. However, we expect bulls to return to the market given the spate of corporate actions, we anticipate improved market activity to encourage a bullish response this week.
