Trading activities in the Nigerian Equities market closed positive at the end of today, Friday (09/08/2024), as the NGX-ASI increased to 98,592.12 from 98,116.27 recorded at the close of the previous trading day; indicating a YTD return of +31.85%.
The market performance for the week increased by 0.87% to 98,592.12 from 97,745.73 recorded at the beginning of the week.
Similarly, The market capitalization also increased by N270.30 billion to N55.978 trillion from N55.707 trillion recorded at the close of the previous trading day. The market turnover also decreased to N8.168 billion from N15.126 billion.
The market breadth was positive at 2.00X as 36 stocks advanced and 18 stocks declined, while 59 stocks remained unchanged. JBERGER topped the gainers’ list with 10.00%, while UNIONDICON declined by 9.88% to lead the losers’ chart.
VERITASKAP recorded the highest volume while OANDO recorded the highest value for the day.
Read: NGX Price List for Friday, 9th August 2024
MARKET STATISTICS
| CAP | N55,978,194,589,657.77 | One Day (ASI CHG) | 0.48% |
| Index | 98,592.12 | One Week (ASI CHG) | 0.87% |
| Volume | 477,443,740 | One Month (ASI CHG) | -1.22% |
| Value | N8,168,013,692.43 | Six Months (ASI CHG) | -3.21% |
| Deals | 9,529 | 52 Weeks (ASI CHG) | +50.92% |
| Gainers | 36 | Losers | 18 |
| Unchanged | 59 | Total | 113 |
| YTD Returns | +31.85% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.50 |
| NGX30 | 0.61 |
| NGXBNK | 1.93 |
| NGXCNSMRGDS | 0.67 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.66 |
| NGXLOTUSISLM | 0.10 |
| NGXOILGAS | 0.71 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | %Change |
| JBERGER | 100.00 | 110.00 | 10.00 | 10.00 |
| ETERNA | 18.00 | 19.80 | 1.80 | 10.00 |
| UCAP | 14.50 | 15.95 | 1.45 | 10.00 |
| ABCTRANS | 0.70 | 0.77 | 0.07 | 10.00 |
| ACADEMY | 2.62 | 2.88 | 0.26 | 9.92 |
| OANDO | 36.95 | 40.60 | 3.65 | 9.88 |
| JAPAULGOLD | 2.18 | 2.39 | 0.21 | 9.63 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | %Change |
| UNIONDICON | 8.10 | 7.30 | -0.80 | -9.88 |
| UPL | 2.39 | 2.18 | -0.21 | -8.79 |
| CUSTODIAN | 12.80 | 11.70 | -1.10 | -8.59 |
| OMATEK | 0.70 | 0.65 | -0.05 | -7.14 |
| MANSARD | 5.40 | 5.03 | -0.37 | -6.85 |
| PRESCO | 485.10 | 460.00 | -25.10 | -5.17 |
| CAVERTON | 1.37 | 1.30 | -0.07 | -5.11 |
Top 7 Traded Stocks By Volume
| Security | Close Price | Number of Trades | Daily Volume |
| VERITASKAP | 1.18 | 356 | 103,242,493 |
| OANDO | 40.60 | 242 | 52,388,487 |
| UBA | 23.00 | 632 | 42,750,176 |
| ZENITHBANK | 38.85 | 540 | 31,953,888 |
| ACCESSCORP | 19.60 | 655 | 24,237,209 |
| TRANSCORP | 11.30 | 440 | 22,462,805 |
| GTCO | 45.90 | 417 | 22,271,890 |
Top 7 Traded Stocks By Value
| Security | Close Price | Number of Trades | Daily Value |
| OANDO | 40.60 | 242 | 2,126,972,572.20 |
| ZENITHBANK | 38.85 | 540 | 1,221,329,619.95 |
| GTCO | 45.90 | 417 | 1,024,365,414.15 |
| UBA | 23.00 | 632 | 966,691,021.20 |
| ACCESSCORP | 19.60 | 655 | 474,022,918.05 |
| MTNN | 199.80 | 492 | 340,926,487.60 |
| UCAP | 15.95 | 562 | 253,184,434.55 |
OUTLOOK
Trading session on the Nigeria Exchange ended on a positive note for the week, with a resilient performance driven by the market’s rally. However, we anticipate a mixed market sentiment in the upcoming week.
