Trading activities in the Nigerian Equities market closed negative at the end of today, Tuesday (06/08/2024), as the NGX-ASI decreased to 96,928.52 from 97,582.41 recorded at the close of the previous trading day; indicating a YTD return of +29.63%.
Similarly, The market capitalization also decreased by N371 billion to N55.033 trillion from N55.405 trillion recorded at the close of the previous trading day. The market turnover also increased to N6.735 billion from N6.218 billion.
The market breadth was positive at 1.16X as 29 stocks advanced and 25 stocks declined, while 61 stocks remained unchanged. NASCON topped the gainers’ list with 10.00%, while BUACEMENT declined by 9.99% to lead the losers’ chart.
UBA recorded the highest volume and highest value for the day.
Read: NGX Price List for Tuesday, 6th August 2024
MARKET STATISTICS
| CAP | N55,033,379,021,530.00 | One Day (ASI CHG) | -0.67% |
| Index | 96,928.52 | One Week (ASI CHG) | -0.92% |
| Volume | 449,210,428 | One Month (ASI CHG) | -3.09% |
| Value | N6,735,228,795.73 | Six Months (ASI CHG) | -5.07% |
| Deals | 9,381 | 52 Weeks (ASI CHG) | +48.41% |
| Gainers | 29 | Losers | 25 |
| Unchanged | 61 | Total | 115 |
| YTD Returns | +29.63% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.67 |
| NGX30 | -0.84 |
| NGXBNK | +0.24 |
| NGXCNSMRGDS | +0.52 |
| NGXINDUSTR | -3.69 |
| NGXINS | +0.29 |
| NGXLOTUSISLM | -0.22 |
| NGXOILGAS | -0.17 |
Top 7 Gainers
Security | Previous Close(N) | Close Price(N) | Price Change(N) | % Change |
| NASCON | 29.50 | 32.45 | 2.95 | 10.00 |
| ACADEMY | 2.00 | 2.20 | 0.20 | 10.00 |
| OANDO | 27.80 | 30.55 | 2.75 | 9.89 |
| SKYAVN | 20.40 | 22.40 | 2.00 | 9.80 |
| RTBRISCOE | 0.92 | 1.01 | 0.09 | 9.78 |
| UCAP | 13.35 | 14.65 | 1.30 | 9.74 |
| UPL | 2.18 | 2.39 | 0.21 | 9.63 |
Top 7 Losers
Security | Previous Close(N) | Close Price(N) | Price Change(N) | % Change |
| BUACEMENT | 143.20 | 128.90 | -14.30 | -9.99 |
| THOMASWY | 1.76 | 1.61 | -0.15 | -8.52 |
| CHAMPION | 3.01 | 2.77 | -0.24 | -7.97 |
| ETERNA | 19.00 | 17.60 | -1.40 | -7.37 |
| FIDSON | 14.75 | 13.75 | -1.00 | -6.78 |
| NSLTECH | 0.46 | 0.43 | -0.03 | -6.52 |
| UNIVINSURE | 0.32 | 0.30 | -0.02 | -6.25 |
Top 7 Traded Stocks By Volume
Security | Close Price(N) | Number of Trades | Volume |
| UBA | 21.00 | 629 | 62,826,789 |
| OANDO | 30.55 | 730 | 36,157,941 |
| VERITASKAP | 0.94 | 191 | 33,506,564 |
| STERLINGNG | 4.05 | 103 | 33,244,448 |
| ACCESSCORP | 18.60 | 639 | 30,962,592 |
| CHAMS | 2.15 | 133 | 25,640,718 |
| JAPAULGOLD | 1.90 | 187 | 24,386,365 |
Top 7 Traded Stocks By Value
Security | Close Price(N) | Number of Trades | Value(N) |
| UBA | 21.00 | 629 | 1,307,743,064.25 |
| OANDO | 30.55 | 730 | 1,100,729,415.55 |
| ZENITHBANK | 36.50 | 510 | 790,497,533.80 |
| ACCESSCORP | 18.60 | 639 | 575,290,108.70 |
| MTNN | 179.50 | 629 | 309,821,848.20 |
| WAPCO | 37.00 | 90 | 239,954,338.40 |
| PRESCO | 485.10 | 145 | 227,968,366.50 |
OUTLOOK
The Nigerian equity market closed negative at the end of today’s trading to sustain the bearish performance on the floor of the exchange. As investors’ appetite continues to wane, we foresee alternating sentiments marked by increased volatility and profit-taking.
