Trading activities in the Nigerian Equities Market closed positive today, Friday (25/08/2023) by 0.24% as the NGX-ASI increased to 65,558.91 from 65,401.82 recorded at the close of the previous trading day; indicating a YTD return of +27.92%. The market performance for the week increased by 1.29% to 65,558.91 from 65,202.41 recorded at the beginning of the week (21/08/2023).
Similarly, the market capitalization increased today by N86 billion to N35.880 trillion from N35.794 trillion recorded at the close of the previous trading day, while the market turnover by value decreased to N4.23 billion from N12.90 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.29X as 31 stocks advanced and 24 stocks declined, while 60 stocks remained unchanged. SFSREIT topped the gainers’ list with +9.97% , while PRESTIGE declined by -9.43% to lead the losers’ chart.
TRANSCORP recorded the highest volume while DANGSUGAR was the highest value for the day.
Read: NGX Price List for Friday, 25th August 2023
MARKET STATISTICS
| CAP | N35,880,859,481,964.68 | One Day (ASI CHG) | +0.24% |
| Index | 65,558.91 | One Week (ASI CHG) | +1.29% |
| Volume | 356,015,589 | One Month (ASI CHG) | -0.20% |
| Value | N4,233,536,259.75 | Six Months (ASI CHG) | +19.31% |
| Deals | 6,569 | 52 Weeks (ASI CHG) | +32.01% |
| Gainers | 31 | Losers | 24 |
| Unchanged | 60 | Total | 115 |
| YTD Returns | +27.92% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.24 |
| NGX30 | 0.41 |
| NGXBNK | 0.14 |
| NGXCNSMRGDS | 1.08 |
| NGXINDUSTR | 0.02 |
| NGXINS | 0.12 |
| NGXLOTUSISLM | 0.03 |
| NGXOILGAS | 0.26 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| SFSREIT | 76.20 | 83.8 | 7.6 | 9.97 |
| NASCON | 40.70 | 44.75 | 4.05 | 9.95 |
| FTNCOCOA | 1.81 | 1.99 | 0.18 | 9.94 |
| NEM | 5.15 | 5.66 | 0.51 | 9.90 |
| REDSTAREX | 2.63 | 2.89 | 0.26 | 9.89 |
| TRANSCORP | 5.28 | 5.8 | 0.52 | 9.85 |
| SUNUASSUR | 0.72 | 0.79 | 0.07 | 9.72 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| PRESTIGE | 0.53 | 0.48 | -0.05 | -9.43 |
| TANTALIZER | 0.32 | 0.29 | -0.03 | -9.38 |
| OMATEK | 0.33 | 0.3 | -0.03 | -9.09 |
| MBENEFIT | 0.45 | 0.41 | -0.04 | -8.89 |
| GUINEAINS | 0.27 | 0.25 | -0.02 | -7.41 |
| REGALINS | 0.38 | 0.36 | -0.02 | -5.26 |
| UNIVINSURE | 0.21 | 0.2 | -0.01 | -4.76 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| TRANSCORP | 5.8 | 466 | 76,715,210 |
| FIDELITYBK | 7.15 | 180 | 52,973,860 |
| UNIVINSURE | 0.2 | 25 | 17,839,530 |
| FCMB | 5.97 | 182 | 16,705,391 |
| DANGSUGAR | 47.5 | 632 | 16,549,827 |
| FBNH | 16.55 | 267 | 14,148,495 |
| ZENITHBANK | 32.75 | 313 | 12,318,137 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value (N) |
| DANGSUGAR | 47.50 | 632 | 773,931,386.35 |
| NASCON | 44.75 | 305 | 465,011,860.15 |
| TRANSCORP | 5.80 | 466 | 442,059,595.32 |
| ZENITHBANK | 32.75 | 313 | 403,623,994.60 |
| FIDELITYBK | 7.15 | 180 | 376,919,840.10 |
| FBNH | 16.55 | 267 | 235,387,916.95 |
| GTCO | 36.10 | 208 | 151,778,149.05 |
OUTLOOK
The Nigerian Equities market closed positive in today’s trading. The trading performance recorded for the week likewise was impressive. We expect this trend to be maintained in the coming week conversely to the challenging economic conditions attributed to the decline in the GDP (2.51%) report by the NBS.
