Equity Market Rebounds To Halt The Four-Days Bearish Run, As NGX-ASI Surges By 0.49%

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The Nigerian equities market gained 0.49% as the rout in equities prices reversed after Monday’s sell off. NGX- ASI increased to 43,444.20 from 43,230.34, while the YTD return of the index further rose to +7.88% from +7.35%. The total market capitalization increased to N22.67trn from N22.56trn as investors gained N111.61bn.

The market turnover increased to N11.65bn from N4.29bn, while market breadth was at par as 18 stocks advanced and 18 stocks declined, 70 stocks remained unchanged. The share price of CUTIX increased by 8.33% to top the gainers chart, while TOTAL lost -9.97% to lead the losers’ chart.

Stocks whose share prices increased during intra-day trading include:  CUTIX(8.33%), CORNERSTONE(7.69%), CHIPLC(6.90%), ROYALEX(6.00%), REGALINS(5.26%), UPL (4.55%), PRESTIGE(4.44%),AIRTELAFRCA(4.39%), AIICO(4.00%), COURTVILLE(2.50%), WEMABANK(2.41%), UPDC(1.96%), UBA(1.83%), FBNH(1.63%),JAIZBANK(1.56%), INTBREW(0.90%), STERLNBNK(0.67%), and VITAFOAM(0.53%).

Nigerian Stock Exchange 2

 

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MARKET STATISTICS

CAP N22,672,017,625,120.10 One Day (ASI CHG) +0.49%
Index 43,444.20 One Week (ASI CHG) -0.65%
Volume 423,833,879.00 One Month (ASI CHG) +4.84%
Value N11,649,751,131.02 Six Months (ASI CHG) +10.04%
Deals 4,181.00 52 Weeks (ASI CHG) +24.93%
Gainers 18 Losers 18
Unchanged 70 Total 106
YTD Returns +7.88%

 

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security     Change Percent
ASI 0.49
NGX30 -0.23
NGXBNK 0.11
NGXCNSMRGDS -0.38
NGXINDUSTR 0.01
NGXINS 0.39
NGXLOTUSISLM -0.14
NGXOILGAS -2.49

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % change
CUTIX 3.00 3.00 3.25 0.25 8.33
CORNERST 0.52 0.52 0.56 0.04 7.69
CHIPLC 0.58 0.58 0.62 0.04 6.90
ROYALEX 0.50 0.50 0.53 0.03 6.00
REGALINS 0.38 0.38 0.40 0.02 5.26
UPL 2.20 2.20 2.30 0.10 4.55
PRESTIGE 0.45 0.45 0.47 0.02 4.44

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % change
TOTAL 240.80 240.80 216.80 -24.00 -9.97
MBENEFIT 0.29 0.28 0.27 -0.02 -6.90
LINKASSURE 0.56 0.56 0.53 -0.03 -5.36
MANSARD 2.30 2.30 2.20 -0.10 -4.35
CHAMS 0.23 0.23 0.22 -0.01 -4.35
TRANSCORP 1.01 1.01 0.97 -0.04 -3.96
GUINNESS 37.50 37.50 36.50 -1.00 -2.67

Top 7 Traders By Volume

Security Close Price  Daily Volume  Daily Value
FBNH 12.50    223,584,099.00    2,757,789,661.65
STERLNBANK 1.51      32,480,228.00          48,735,326.76
TRANSCORP 0.97      24,666,656.00          24,471,849.70
GTCO 26.90      20,841,624.00        564,222,397.50
JAIZBANK 0.65      15,925,442.00          10,335,779.27
NB 52.50      12,536,112.00        658,458,217.90
ACCESS 9.35         8,850,486.00          82,878,086.70


Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
NESTLE 1390.00         4,053,230.00    5,643,197,137.20
FBNH 12.50    223,584,099.00    2,757,789,661.65
AIRTELAFRI 910.00            925,402.00        833,920,402.10
NB 52.50      12,536,112.00        658,458,217.90
GTCO 26.90      20,841,624.00        564,222,397.50
ZENITHBANK 24.05         6,465,361.00        155,492,585.20
BUACEMENT 74.50         2,008,458.00        135,562,406.05

 

 

OUTLOOK

Today’s market upturn reversed and halted the four-days losing streak, as investors’ show interest mainly in the financial and industrial sectors. We continue to expect mixed sentiments in equity market as market watchers monitor fixed income market yield and the upcoming FGN Sovereign Bond Auction.

 

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