Trading activities in the Nigerian Equities market closed positive at the end of today, Friday (30/08/2024), as the NGX-ASI increased to 96,580.01 from 96,407.88 recorded at the close of the previous trading day; indicating a YTD return of +29.16%.
The market performance for the week increased by 0.63% to 96,580.01 from 95,973.45 recorded at the beginning of the week
Similarly, the market capitalization increased by N98.87 billion to N55.477 trillion from N55.378 trillion recorded at the close of the previous trading day. The market turnover increased to N31.576 billion from N7.420 billion.
The market breadth was positive at 1.08X as 26 stocks advanced and 24 stocks declined, while 67 stocks remained unchanged. BERGER topped the gainers’ list with 10.00%, while ETERNA declined by 9.95% to lead the losers’ chart.
JBERGER recorded the highest volume and value for the day.
Read: NGX Price List for Friday, 30th August 2024
MARKET STATISTICS
| CAP | N55,477,834,321,431.68 | One Day (ASI CHG) | 0.18% |
| Index | 96,580.01 | One Week (ASI CHG) | 0.63% |
| Volume | 573,961,127 | One Month (ASI CHG) | -1.28% |
| Value | N31,576,871,439.07 | Six Months (ASI CHG) | -2.20% |
| Deals | 12,754 | 52 Weeks (ASI CHG) | +43.02% |
| Gainers | 25 | Losers | 24 |
| Unchanged | 67 | Total | 117 |
| YTD Returns | +29.16% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.18 |
| NGX30 | 0.05 |
| NGXBNK | 1.05 |
| NGXCNSMRGDS | -0.25 |
| NGXINDUSTR | 0.05 |
| NGXINS | -0.55 |
| NGXLOTUSISLM | -0.73 |
| NGXOILGAS | 2.50 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | % Change |
| BERGER | 13.00 | 14.30 | 1.30 | 10.00 |
| DEAPCAP | 0.80 | 0.88 | 0.08 | 10.00 |
| OANDO | 69.95 | 76.90 | 6.95 | 9.94 |
| DAARCOMM | 0.67 | 0.73 | 0.06 | 8.96 |
| TOTAL | 619.30 | 673.90 | 54.60 | 8.82 |
| OMATEK | 0.81 | 0.88 | 0.07 | 8.64 |
| SCOA | 1.75 | 1.90 | 0.15 | 8.57 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | % Change |
| ETERNA | 30.65 | 27.60 | -3.05 | -9.95 |
| RTBRISCOE | 3.94 | 3.55 | -0.39 | -9.90 |
| TANTALIZER | 0.69 | 0.64 | -0.05 | -7.25 |
| CHAMS | 2.37 | 2.20 | -0.17 | -7.17 |
| EUNISELL | 3.20 | 3.00 | -0.20 | -6.25 |
| GUINEAINS | 0.49 | 0.46 | -0.03 | -6.12 |
| CILEASING | 3.71 | 3.50 | -0.21 | -5.66 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| JBERGER | 170.50 | 271 | 120,757,504 |
| OANDO | 76.90 | 3,392 | 93,856,895 |
| JAIZBANK | 2.25 | 120 | 54,043,746 |
| GTCO | 45.50 | 284 | 26,280,318 |
| UBA | 22.95 | 477 | 25,695,113 |
| TRANSCORP | 11.80 | 310 | 24,461,172 |
| DAARCOMM | 0.73 | 178 | 22,723,442 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value(N) |
| JBERGER | 170.50 | 271 | 19,630,752,014.75 |
| OANDO | 76.90 | 3392 | 6,877,059,216.45 |
| GTCO | 45.50 | 284 | 1,196,228,122.45 |
| UBA | 22.95 | 477 | 580,206,130.20 |
| ZENITHBANK | 38.25 | 369 | 436,108,695.50 |
| ETERNA | 27.60 | 805 | 433,866,447.10 |
| TRANSCORP | 11.80 | 310 | 275,099,338.35 |
OUTLOOK
The Nigerian equities market closed positive for the week’s trading. We foresee a mixed sentiment in the week ahead, more so, investors are advised to invest in high-quality stocks with strong fundamentals backing them.
