Bearish Trend Continues As NGX Records 0.05% Loss.

Trading activities in the Nigerian Equities market closed negative at the end of today, Thursday (23/01/2025), as the NGX-ASI decreased to 102788.20 from 102,836.13 recorded at the close of the previous trading day, indicating a YTD return of -0.13%.

The market capitalization decreased by ₦0.29 billion to ₦63.148 trillion from ₦63.147 trillion recorded at the previous trading day’s close. However, the market turnover increased to ₦22.500 billion from ₦15.157 billion.

The market breadth was negative at 0.96X as 27 stocks advanced and 28 stocks declined, while 65 stocks remained unchanged. SCOA topped the gainers’ list with 9.76%, while MORISON declined by -9.98% to lead the losers’ chart.

GTCO recorded the highest volume While SEPLAT recorded the highest value for the day.

Read: NGX Price List for Thursday, 23rd January 2025

MARKET STATISTICS

CAPN63,147,624,762,847.00One Day (ASI CHG)-0.05%
Index102,788.20One Week (ASI CHG)0.59%
Volume382,650,568One Month (ASI CHG)0.59%
ValueN22,496,080,289.68Six Months (ASI CHG)2.29%
Deals11,93352 Weeks (ASI CHG)0.62%
Gainers27Losers 28
Unchanged65Total120
YTD Returns-0.13%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-0.05
NGX30 0.07
NGXBNK 1.04
NGXCNSMRGDS-0.81
NGXINDUSTR 0.00
NGXINS-1.23
NGXLOTUSISLM-0.50
NGXOILGAS-0.36

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)% Change
SCOA3.283.600.329.76
DAARCOMM0.770.840.079.09
MAYBAKER8.309.000.708.43
PRESTIGE1.321.410.096.82
REDSTAREX4.815.050.244.99
UPDC1.912.000.094.71
FCMB10.2010.600.403.92

Top 7 Losers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)% Change
MORISON4.013.61-0.40-9.98
CILEASING4.343.91-0.43-9.91
IKEJAHOTEL13.5012.30-1.20-8.89
NEIMETH3.763.44-0.32-8.51
SUNUASSUR5.985.50-0.48-8.03
OMATEK0.890.82-0.07-7.87
ETRANZACT6.506.00-0.50-7.69

Top 7 Traded Stocks By Volume

SecurityClose PriceNumber of TradesDaily Volume 
GTCO61.0046742,144,918
UBA35.0062237,446,420
ZENITHBANK48.1069325,154,684
ACCESSCORP24.7065124,336,503
JAIZBANK3.0016213,840,288
AIICO1.7917412,657,085
FIDELITYBK18.2033612,161,117

Top 7 Traded Stocks By Value

SecurityClose PriceNumber of TradesDaily Value 
SEPLAT5700.001167,918,539,750.00
ARADEL540.003883,273,790,847.90
GTCO61.004672,567,231,401.25
UBA35.006221,296,265,043.30
ZENITHBANK48.106931,217,017,833.75
MTNN245.00556833,109,864.40
ACCESSCORP24.70651601,569,147.55

OUTLOOK

The equities market experienced loss at the end of today’s trade. This could be as a result of the increased profit taking observed in the market. We however anticipate a rebound in the market trend by the close of the week.

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