Trading activities in the Nigerian Equities market closed positive at the end of today, Monday (02/09/2024), as the NGX-ASI increased to 96,793.95 from 96,580.01 recorded at the close of the previous trading day; indicating a YTD return of +29.45%.
Similarly, the market capitalization increased by N123.19 billion to N55.601 trillion from N55.478 trillion recorded at the close of the previous trading day. The market however turnover decreased to N11.037 billion from N31.577 billion.
The market breadth was negative at 0.97X as 28 stocks advanced and 29 stocks declined, while 58 stocks remained unchanged. OANDO topped the gainers’ list with 9.95%, while LIVESTOCK declined by 10.00% to lead the losers’ chart.
UBA recorded the highest volume while OANDO recorded the highest value for the day.
Read: NGX Price List for Monday, 2nd September 2024
MARKET STATISTICS
| CAP | N55,601,020,514,056.77 | One Day (ASI CHG) | 0.22% |
| Index | 96,793.95 | One Week (ASI CHG) | 0.79% |
| Volume | 498,119,663 | One Month (ASI CHG) | -0.97% |
| Value | N11,036,565,048.12 | Six Months (ASI CHG) | -2.08% |
| Deals | 13,149 | 52 Weeks (ASI CHG) | 41.76% |
| Gainers | 28 | Losers | 29 |
| Unchanged | 58 | Total | 115 |
| YTD Returns | +29.45% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.22 |
| NGX30 | 0.01 |
| NGXBNK | 1.09 |
| NGXCNSMRGDS | -0.35 |
| NGXINDUSTR | 0.05 |
| NGXINS | -2.20 |
| NGXLOTUSISLM | 0.08 |
| NGXOILGAS | 1.74 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | % Change |
| OANDO | 76.90 | 84.55 | 7.65 | 9.95 |
| IMG | 26.40 | 29.00 | 2.60 | 9.85 |
| ETRANZACT | 5.10 | 5.60 | 0.50 | 9.80 |
| CONOIL | 144.00 | 158.00 | 14.00 | 9.72 |
| UPL | 2.30 | 2.51 | 0.21 | 9.13 |
| DEAPCAP | 0.88 | 0.96 | 0.08 | 9.09 |
| NSLTECH | 0.66 | 0.72 | 0.06 | 9.09 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change | % Change |
| LIVESTOCK | 2.50 | 2.25 | -0.25 | -10.00 |
| RTBRISCOE | 3.55 | 3.20 | -0.35 | -9.86 |
| CORNERST | 2.70 | 2.44 | -0.26 | -9.63 |
| DAARCOMM | 0.73 | 0.66 | -0.07 | -9.59 |
| WAPIC | 0.85 | 0.77 | -0.08 | -9.41 |
| CHAMPION | 3.26 | 2.96 | -0.30 | -9.20 |
| OMATEK | 0.88 | 0.80 | -0.08 | -9.09 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| UBA | 24.45 | 940 | 54,847,132 |
| ZENITHBANK | 39.00 | 858 | 39,982,607 |
| OANDO | 84.55 | 1562 | 38,386,697 |
| ACCESSCORP | 19.20 | 649 | 36,625,978 |
| PRESTIGE | 0.52 | 65 | 24,623,013 |
| CWG | 5.30 | 224 | 19,481,639 |
| FTNCOCOA | 1.70 | 101 | 16,971,805 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value(N) |
| OANDO | 84.55 | 1562 | 3,201,250,027.20 |
| ZENITHBANK | 39.00 | 858 | 1,592,985,479.75 |
| UBA | 24.45 | 940 | 1,324,415,955.60 |
| MTNN | 180.00 | 559 | 838,960,756.40 |
| ACCESSCORP | 19.20 | 649 | 702996502.45 |
| GTCO | 45.60 | 354 | 553,023,279.50 |
| NESTLE | 810.00 | 88 | 469,035,367.00 |
OUTLOOK
Nigerian Equities Market closed positive with marginal gains at the end of today’s trade. We foresee a selective pursuit of bargains, particularly in dividend-paying stocks, driven by the nearing corporate qualification and payment.
