NIGERIA’S INFLATION RATE HITS A NEW 17-YEAR HIGH OF 20.77% IN SEPTEMBER 2022. (CAMCO WEEKLY 15/11/2022)

EQUITY MARKET REPORT FOR NOVEMBER 11TH, 2022 WEEK ENDED EQUITY TURNOVER        A total turnover of 1.1 billion shares worth N11.7 billion in 15,697 deals was traded this week by investors on the floor of the Exchange, in contrast to a total turnover of 1.410 billion shares worth N15.510 billion in 19,025 deals that exchanged hands last week. The average daily naira votes were N2.34 billion compared to N3.10 billion previously. ACCESSCORP, GEREGU, GTCO, AIRTELAFRI, and ZENITHBANK contributed N7.47 billion, accounting for 63.80% of the total value. ACCESSCORP took the lion’s share (32.30%). INDEX MOVEMENT       Market Indicators: The twin market gauges dipped during the week as both the NGX ASI, & Market Capitalization lost -0.68% (+2.93% and +7.41% YTD respectively) to close the week at 43,968.75 and N23.949 trillion respectively. Similarly, all other indices finished lower with the exception of NGX-AFR Bank Value and NGX AFR Div Yield indices which appreciated by 0.38% and 1.10% respectively, while the NGX ASeM and NGX Growth indices closed flat. SUMMARY OF PRICE CHANGES 27 stocks gained, and 94 stocks remain unchanged, while 36 stocks lost value during the week out of the 157 listed stocks. The Market Movers and Shakers: Shares of commercial bank, UNITYBANK, advanced the most by +35.71% (+5.56% YTD) while shares of insurance company, PRESTIGE, lost the most during the week by -15.22% (-23.53% YTD).