Equities Market Kicks Off Week on Bearish Note.

Trading activities in the Nigerian Equities market closed negative at the end of today, Monday (24/02/2025), as the NGX-ASI decreased to 108,126.97 from 108,497.40 recorded at the close of the previous trading day, indicating a YTD return of +5.05%.

The market capitalization decreased by ₦230 billion to ₦67.383 trillion from ₦67.614 trillion recorded at the previous trading day’s close. However, the market turnover increased to ₦9.211 billion from ₦8.362billion.

The market breadth was negative at 0.46X as 17 stocks advanced and 37 stocks declined, while 68 stocks remained unchanged. IKEJAHOTEL topped the gainers’ list with 10.00%, while NNFM declined by 9.99% to lead the losers’ chart.

JAIZBANK recorded the highest volume, while ZENITHBANK recorded the highest value for the day.

Read: NGX Price List for Monday, 24th February 2025

MARKET STATISTICS

CAP₦67,383,490,572,269.30One Day (ASI CHG)-0.34%
Index108,126.97One Week (ASI CHG)+0.18%
Volume357,758,781One Month (ASI CHG)+5.19%
Value₦9,211,188,507.87Six Months (ASI CHG)+12.96%
Deals15,91452 Weeks (ASI CHG)+6.01%
Gainers17Losers37
Unchanged 68Total122
 YTD Returns+5.05% 

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange (%) 
ASI-0.34
NGX30-0.41
NGXBNK-1.44
NGXCNSMRGDS-0.15
NGXINDUSTR-0.07
NGXINS-0.86
NGXLOTUSISLM-0.04
NGXOILGAS-0.27

Top 7 Gainers

SecurityPrevious Close(₦)Close Price(₦)Change Price(₦)%Change
IKEJAHOTEL11.0012.101.1010.00
UHOMREIT36.6040.253.659.97
PZ27.0029.502.509.26
CONHALLPLC3.844.180.348.85
DAARCOMM0.680.740.068.82
LIVESTOCK6.056.410.365.95
REGALINS0.710.750.045.63

Top 7 Losers

SecurityPrevious Close(₦)Close Price(₦)Change Price(₦)%Change
NNFM80.6072.55-8.05-9.99
EUNISELL12.0510.85-1.20-9.96
SOVRENINS1.321.20-0.12-9.09
NSLTECH0.670.62-0.05-7.46
UPDCREIT6.756.30-0.45-6.67
UPDC3.102.91-0.19-6.13
SUNUASSUR6.606.25-0.35-5.30

Top 7 Traded Stocks By Volume

SecurityClose PriceNumber of TradesDaily Volume
JAIZBANK3.40      37248,188,060
ZENITHBANK48.40      80728,192,002
UNIVINSURE0.70      52418,682,869
GTCO63.00      42617,877,026
ACCESSCORP25.80      68015,514,616
AIICO1.72      24312,365,824
STERLINGNG5.90     22211,694,289

Top 7 Traded Stocks By Value

SecurityClose PriceNumber of TradesDaily Value
ZENITHBANK48.40 8071,372,806,407.45
GTCO63.00 4261,126,495,348.00
ARADEL515.60 551844,907,586.30
PRESCO785.00 233702,311,920.30
MTNN264.20 730 486,698,709.70
WAPCO77.60 216 437,988,294.75
ACCESSCORP25.80 680 403,584,859.50

OUTLOOK

The equities market commenced its first trading session of the week on a downward trajectory. The decline was broad-based, with losses seen across various sectors. Looking ahead, we remain cautiously optimistic.

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