Trading activities in the Nigerian Equities market closed negative at the end of today, Thursday (05/09/2024), as the NGX-ASI decreased to 96,210.20 from 96,537.48 recorded at the close of the previous trading day; indicating a YTD return of +28.67%.
Similarly, the market capitalization decreased by N188 billion to 55,265.70 trillion from N55.453 trillion recorded at the close of the previous trading day. However, the market turnover increased to N9.565 billion from N8.178 billion.
The market breadth was negative at 0.68X as 19 stocks advanced and 28 stocks declined, while 65 stocks remained unchanged. BERGER topped the gainers’ list with 10.00%, while RTBRISCOE declined by 10.00% to lead the losers’ chart.
ZENITHBANK recorded the highest volume and OANDO recorded the highest value for the day.
Read: NGX Price List for Thursday, 5th September 2024
MARKET STATISTICS
| CAP | N55,265,704,195,889.29 | One Day (ASI CHG) | -0.34% |
| Index | 96,210.20 | One Week (ASI CHG) | -0.21% |
| Volume | 388,616,945 | One Month (ASI CHG) | -0.74% |
| Value | N9,565,141,073.18 | Six Months (ASI CHG) | -4.11 |
| Deals | 9,897 | 52 Weeks (ASI CHG) | +41.31% |
| Gainers | 19 | Losers | 28 |
| Unchanged | 65 | Total | 112 |
| YTD Returns | +28.67% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.34 |
| NGX30 | -0.17 |
| NGXBNK | -0.81 |
| NGXCNSMRGDS | -0.39 |
| NGXINDUSTR | -0.01 |
| NGXINS | 0.1 |
| NGXLOTUSISLM | -0.31 |
| NGXOILGAS | 0.06 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | %Change |
| BERGER | 15.50 | 17.05 | 1.55 | 10.00 |
| MEYER | 5.30 | 5.83 | 0.53 | 10.00 |
| TANTALIZER | 0.64 | 0.69 | 0.05 | 7.81 |
| DAARCOMM | 0.66 | 0.71 | 0.05 | 7.58 |
| UPL | 2.49 | 2.66 | 0.17 | 6.83 |
| ROYALEX | 0.61 | 0.65 | 0.04 | 6.56 |
| CWG | 5.15 | 5.30 | 0.15 | 2.91 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change (N) | %Change |
| RTBRISCOE | 2.60 | 2.34 | -0.26 | -10.00 |
| FTNCOCOA | 1.53 | 1.38 | -0.15 | -9.80 |
| OANDO | 81.90 | 74.00 | -7.90 | -9.65 |
| DEAPCAP | 1.15 | 1.04 | -0.11 | -9.57 |
| GUINEAINS | 0.55 | 0.50 | -0.05 | -9.09 |
| NSLTECH | 0.59 | 0.54 | -0.05 | -8.47 |
| LIVESTOCK | 2.25 | 2.06 | -0.19 | -8.44 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| ZENITHBANK | 37.00 | 714 | 56,564,439 |
| OANDO | 74.00 | 2,108 | 42,955,697 |
| GTCO | 45.50 | 362 | 28,451,212 |
| FTNCOCOA | 1.38 | 174 | 25,421,453 |
| UBA | 23.40 | 414 | 21,611,752 |
| DEAPCAP | 1.04 | 118 | 15,053,001 |
| UNIVINSURE | 0.37 | 72 | 14,037,414 |
Top 7 Traded Stocks By Value
| Security | Close Price | Number of Trades | Daily Value |
| OANDO | 74.00 | 2,108 | 3,185,715,586.10 |
| ZENITHBANK | 37.00 | 714 | 2,092,063,763.65 |
| GTCO | 45.50 | 362 | 1,294,465,905.30 |
| UBA | 23.40 | 414 | 503,726,887.70 |
| SEPLAT | 3730.10 | 22 | 345,513,844.80 |
| STANBIC | 57.90 | 110 | 293,275,014.60 |
| FBNH | 22.00 | 185 | 227,381,827.55 |
OUTLOOK
The stock market ended the day in the negative territory, experiencing a dip in investors’ appetite. Given the market’s current performance, we foresee a bearish trend emerging by the end of the week.
