Tectono Business Review: CWG LEADS TOP GAINERS AS MARKET DIPS BY 3BPS

Friday 15 July 2022

CWG LEADS TOP GAINERS AS MARKET DIPS BY 3BPS

In the Nigerian equities market, the All-Share index dipped by 3bps to close at 51,390.25 points today. Consequently the Year-to-date (YTD) return of the market weakened to 20.3% from 20.7% at market close on Friday.

Market activities turned positive as the total volume traded grew +72.7% to 198.81mn units and value traded grew +22.6% to ₦2.18bn. GTCO, JAPAULGOLD and UBA led the volume chart with 51.89mn units, 21.91mn units and 19.65mn units respectively. The top traded stocks by value were GTCO (₦1.06bn), UBA (₦147.68mn) and PRESCO (₦107.67mn).

For the sectors under our coverage, there was mixed performance as three indices closed in red, while two other indices closed in green. The Insurance index fell 300 bps, Oil and Gas index fell 4bps, and Industrial Goods 150bps. The Banking index gained 5bps, followed by the Consumer Goods index which gained 3bps.

Furthermore, for companies trading below and above 52-week high, 90 companies traded below their 52-week high while 18 companies traded at per with their 52-week high, and 1 company traded above 52-week high.

Daily Currency Update

On daily currency updates, I&E and the parallel market's prices closed at ₦427.75/US$1.00 and ₦610/US$1.00 respectively. The current P2P Forex market price is ₦619.99/US$1.00. Nigeria's external reserves improved 0.02% to US$39.34billion

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EXPORT

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Friday 15 July 2022

CWG LEADS TOP GAINERS AS MARKET DIPS BY 3BPS

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