Trading activities in the Nigerian Equities market closed positive at the end of today, Friday (02/08/2024), as the NGX-ASI increased to 97,745.73 from 97,359.76 recorded at the close of the previous trading day; indicating a YTD return of +30.72%.
The market performance for the week decreased by 0.46% to 97,745.73 from 98,201.49 recorded at the beginning of the week.
Similarly, The market capitalization also increased by N219.14 billion to N55.497 trillion from N55.28 trillion recorded at the close of the previous trading day. The market turnover also decreased to N3.95 billion from N8.531 billion.
The market breadth was positive at 3.6X as 36 stocks advanced and 10 stocks declined, while 105 stocks remained unchanged. OKOMUOIL and three others topped the gainers’ list with 10.00%, while MECURE declined by 9.82% to lead the losers’ chart.
UBA recorded the highest volume and highest value for the day.
MARKET STATISTICS
| CAP | N55,497,368,004,395.31 | One Day (ASI CHG) | +0.40% |
| Index | 97,745.73 | One Week (ASI CHG) | -0.46% |
| Volume | 210,911,640 | One Month (ASI CHG) | -2.32% |
| Value | N3,951,265,893.94 | Six Months (ASI CHG) | -6.39% |
| Deals | 6,603 | 52 Weeks (ASI CHG) | +49.92% |
| Gainers | 36 | Losers | 10 |
| Unchanged | 105 | Total | 116 |
| YTD Returns | +30.72% | ||
Top 7 Gainers
| Security | Previous (N) | Close (N) | Price Change (N) | % Change |
| MAYBAKER | 6.40 | 7.04 | 0.64 | 10.00 |
| OANDO [MRF] | 23.00 | 25.30 | 2.30 | 10.00 |
| OKOMUOIL | 292.00 | 321.20 | 29.20 | 10.00 |
| TOTAL | 388.90 | 427.70 | 38.80 | 9.98 |
| UCAP | 11.05 | 12.15 | 1.10 | 9.95 |
| IMG | 14.30 | 15.70 | 1.40 | 9.79 |
| ACADEMY | 1.96 | 2.14 | 0.18 | 9.18 |
Top 7 Losers
| Security | Previous (N) | Close (N) | Price Change (N) | % |
| MECURE | 8.15 | 7.35 | – 0.80 | – 9.82 |
| ABCTRANS | 0.77 | 0.70 | – 0.07 | – 9.09 |
| SOVRENINS | 0.55 | 0.50 | – 0.05 | – 9.09 |
| SUNUASSUR | 1.47 | 1.35 | – 0.12 | – 8.16 |
| UPDC [BLS] | 1.30 | 1.21 | – 0.09 | – 6.92 |
| UPDCREIT | 4.85 | 4.60 | – 0.25 | – 5.15 |
| VERITASKAP | 0.98 | 0.95 | – 0.03 | – 3.06 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Trades | Volume |
| UBA | 20.05 | 549 | 37,643,487 |
| JAPAULGOLD | 1.76 | 157 | 17,176,880 |
| OANDO [MRF] | 25.3 | 341 | 14,883,666 |
| ZENITHBANK | 36 | 383 | 13,758,325 |
| VERITASKAP | 0.95 | 97 | 11,690,730 |
| GUINNESS | 63.5 | 36 | 9,496,969 |
| AIICO | 1.05 | 81 | 8,048,204 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Trades | Value |
| UBA | 20.05 | 549 | 752,016,660.90 |
| GUINNESS | 63.5 | 36 | 602,984,661.85 |
| ZENITHBANK | 36 | 383 | 489,984,661.70 |
| MTNN | 190 | 522 | 435,341,386.30 |
| OANDO [MRF] | 25.3 | 341 | 371,033,682.30 |
| PRESCO | 441 | 154 | 272,758,735.40 |
| GTCO | 45 | 301 | 150,513,759.05 |
OUTLOOK
The Nigerian equity market reverses loss from the previous day, however closes in red for the week. As the nationwide protest continues, we expect investors sentiment to becloud market’s performance in the week ahead.
