Trading activities in the Nigerian Equities Market closed negative today, Wednesday (09/08/2023) by -1.75% as the NGX-ASI decreased to 64,167.39 from 65,309.65 recorded at the close of the previous trading day; indicating a YTD return of +25.20%.
Similarly, the market capitalization decreased today by N621.60 billion to N34.918 trillion from N35.540 trillion recorded at the close of the previous trading day, while the market turnover decreased to N2.616 billion from N4.472 billion recorded at the close of the previous trading day.
The market breadth was negative at 0.81x as 22 stocks advanced and 27 stocks declined, while 65 stocks remained unchanged. GUINEAINS and OMATEK topped the gainers’ list with +10.00%, while MULTIVERSE and NASCON declined by -10.00% to lead the losers’ chart.
STERLINGNG recorded the highest volume and MTNN recorded the highest value for the day.
Read: NGX Price List for Wednesday, 9th August 2023
MARKET STATISTICS
| CAP | N34,918,878,416,143.07 | One Day (ASI CHG) | -1.75% |
| Index | 64,167.39 | One Week (ASI CHG) | -0.16% |
| Volume | 238,039,943 | One Month (ASI CHG) | 0.19% |
| Value | N2,616,839,876.23 | Six Months (ASI CHG) | +18.04% |
| Deals | 6,001 | 52 Weeks (ASI CHG) | +30.02% |
| Gainers | 22 | Losers | 27 |
| Unchanged | 65 | Total | 115 |
| YTD Returns | +25.20% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| ASI | -1.75 |
| NGX30 | -1.74 |
| NGXBNK | -0.36 |
| NGXCNSMRGDS | -0.27 |
| NGXINDUSTR | -4.85 |
| NGXINS | 1.12 |
| NGXLOTUSISLM | -1.76 |
| NGXOILGAS | -0.19 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| GUINEAINS | 0.30 | 0.33 | 0.03 | 10.00 |
| OMATEK | 0.30 | 0.33 | 0.03 | 10.00 |
| TANTALIZER | 0.33 | 0.36 | 0.03 | 9.09 |
| ABBEYBDS | 1.46 | 1.59 | 0.13 | 8.90 |
| MBENEFIT | 0.48 | 0.51 | 0.03 | 6.25 |
| AIICO | 0.66 | 0.70 | 0.04 | 6.06 |
| CORNERST | 0.94 | 0.99 | 0.05 | 5.32 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| MULTIVERSE | 3.50 | 3.15 | -0.35 | -10.00 |
| NASCON | 41.00 | 36.90 | -4.10 | -10.00 |
| JOHNHOLT | 1.33 | 1.20 | -0.13 | -9.77 |
| DANGCEM | 352.00 | 320.00 | -32.00 | -9.09 |
| UNIVINSURE | 0.24 | 0.22 | -0.02 | -8.33 |
| GLAXOSMITH | 10.70 | 9.85 | -0.85 | -7.94 |
| JAIZBANK | 1.90 | 1.80 | -0.10 | -5.26 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| STERLINGNG | 3.44 | 91 | 32,673,904 |
| FIDELITYBK | 7.60 | 168 | 21,124,117 |
| UNIVINSURE | 0.22 | 31 | 15,915,190 |
| UBA | 14.40 | 251 | 12,278,519 |
| TRANSCORP | 3.65 | 194 | 9,773,456 |
| CHAMS | 0.99 | 46 | 9,387,122 |
| OMATEK | 0.33 | 36 | 9,256,405 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| MTNN | 276.00 | 342 | 468,154,941.70 |
| ZENITHBANK | 35.00 | 316 | 213,342,178.05 |
| UBA | 14.40 | 251 | 176,557,850.30 |
| FIDELITYBK | 7.60 | 168 | 161,326,931.35 |
| GTCO | 37.50 | 294 | 146,669,927.40 |
| WAPCO | 28.00 | 176 | 141,914,382.35 |
| GEREGU | 339.50 | 48 | 128,020,334.80 |
OUTLOOK
The Nigerian Equities market closed negative for today. However, with companies still releasing their half-year financial earnings, a projected rebound in trading is expected.
