Trading activities in the Nigerian Equities market closed positive at the end of today, Thursday (24/10/2024), as the NGX-ASI increased to 99,189.95 from 98,944.42 recorded at the close of the previous trading day; indicating a YTD return of +32.65%.
Similarly, the market capitalization increased by 148.77 billion to N60.103 trillion from N59.955 trillion recorded at the close of the previous trading day. While the market turnover increased to N15.715 billion from N8.290 billion.
The market breadth was positive at 1.47X as 28 stocks advanced and 19 stocks declined, while 71 stocks remained unchanged. ACCESSCORP topped the gainers’ list with 9.95%, while ROYALEX declined by -9.72% to lead the losers’ chart.
UBA recorded the highest volume, while ARADEL recorded the highest value for the day.
Read: NGX Price List for Thursday, 24th October 2024
MARKET STATISTICS
| CAP | N60,103,892,029,969.89 | One Day (ASI CHG) | +0.25% |
| Index | 99,189.95 | One Week (ASI CHG) | +1.13% |
| Volume | 400,912,759 | One Month (ASI CHG) | +0.63% |
| Value | N15,715,799,111.39 | Six Months (ASI CHG) | +1.04% |
| Deals | 9,211 | 52 Weeks (ASI CHG) | +47.86% |
| Gainers | 28 | Losers | 19 |
| Unchanged | 71 | Total | 118 |
| YTD Returns | +32.65% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | +0.25 |
| NGX30 | +0.36 |
| NGXBNK | +2.61 |
| NGXCNSMRGDS | -0.77 |
| NGXINDUSTR | +0.03 |
| NGXINS | -0.68 |
| NGXLOTUSISLM | +0.33 |
| NGXOILGAS | +0.04 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | %Change |
| ACCESSCORP | 20.10 | 22.10 | 2.00 | 9.95 |
| ACADEMY | 2.86 | 3.14 | 0.28 | 9.79 |
| UPDC | 1.46 | 1.59 | 0.13 | 8.90 |
| CORNERST | 2.50 | 2.69 | 0.19 | 7.60 |
| VERITASKAP | 1.51 | 1.60 | 0.09 | 5.96 |
| HONYFLOUR | 4.50 | 4.75 | 0.25 | 5.56 |
| FIDELITYBK | 14.00 | 14.70 | 0.70 | 5.00 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | %Change |
| ROYALEX | 0.72 | 0.65 | -0.07 | -9.72 |
| INTBREW | 4.33 | 4.06 | -0.27 | -6.24 |
| LIVESTOCK | 3.30 | 3.10 | -0.20 | -6.06 |
| WAPIC | 1.01 | 0.95 | -0.06 | -5.94 |
| CHAMPION | 3.70 | 3.50 | -0.20 | -5.41 |
| CWG | 6.30 | 6.00 | -0.30 | -4.76 |
| OMATEK | 0.67 | 0.64 | -0.03 | -4.48 |
Top 7 Traded Stocks By Volume
| Security | Close Price | Number of Trades | Daily Volume |
| UBA | 29.00 | 878 | 58,420,876 |
| JAPAULGOLD | 2.37 | 205 | 35,147,809 |
| CUSTODIAN | 12.10 | 97 | 33,721,723 |
| ACCESSCORP | 22.10 | 571 | 30,396,358 |
| ZENITHBANK | 40.00 | 563 | 25,033,553 |
| GTCO | 53.00 | 359 | 24,199,417 |
| FCMB | 8.80 | 287 | 22,321,525 |
Top 7 Traded Stocks By Value
| Security | Close Price | Daily Volume | Daily Value |
| ARADEL | 562.90 | 8,196,741 | 4,240,142,176.80 |
| SEPLAT | 5700.00 | 606,163 | 3,458,432,321.60 |
| UBA | 29.00 | 58,420,876 | 1,682,613,990.60 |
| GTCO | 53.00 | 24,199,417 | 1,279,969,572.60 |
| ZENITHBANK | 40.00 | 25,033,553 | 1,002,270,141.20 |
| ACCESSCORP | 22.10 | 30,396,358 | 649,138,753.60 |
| MTNN | 188.50 | 2,825,834 | 501,905,884.50 |
OUTLOOK
The Nigerian equities market closed firmly in positive territory. This sustained rally reflects improving investor sentiment and robust market fundamentals. We expect bullish sentiment by end of the week.
