Trading activities in the Nigerian equities market closed positive today, Thursday (31/08/2023) by 0.16% as the NGX-ASI increased to 66,548.99 from 66,439.53 recorded at the close of the previous trading day; indicating a YTD return of +29.85%.
Similarly, the market capitalization increased today by N59.90 billion to N36.423 trillion from N36.362 trillion recorded at the close of the previous trading day, while the market turnover decreased to N7.18 billion from N7.79 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.58X as 30 stocks advanced and 19 stocks declined, while 67 stocks remained unchanged. NGXGROUP topped the gainers’ list with +10.00% while MULTIVERSE declined by -10.00% to lead the losers’ chart.
STERLINGNG recorded the highest volume for the day while DANGSUGAR recorded the highest value for the day.
Read: NGX Price List for Thursday, 31st August 2023
MARKET STATISTICS
| CAP | N36,422,733,120,988.70 | One Day (ASI CHG) | +0.16% |
| Index | 66,548.99 | One Week (ASI CHG) | +1.75% |
| Volume | 620,982,315 | One Month (ASI CHG) | +3.67% |
| Value | N7,180,690,420.01 | Six Months (ASI CHG) | +19.85% |
| Deals | 7,972 | 52 Weeks (ASI CHG) | +33.53% |
| Gainers | 30 | Losers | 19 |
| Unchanged | 67 | Total | 116 |
| YTD Returns | +29.85% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.16 |
| NGX30 | 0.03 |
| NGXBNK | 0.33 |
| NGXCNSMRGDS | -1.14 |
| NGXINDUSTR | -0.01 |
| NGXINS | -0.38 |
| NGXLOTUSISLM | -0.03 |
| NGXOILGAS | 5.42 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| NGXGROUP | 24.00 | 26.40 | 2.40 | 10.00 |
| SEPLAT | 1670.80 | 1837.00 | 166.20 | 9.95 |
| TRANSEXPR | 0.96 | 1.05 | 0.09 | 9.38 |
| UPL | 2.36 | 2.58 | 0.22 | 9.32 |
| ABCTRANS | 0.81 | 0.88 | 0.07 | 8.64 |
| OMATEK | 0.39 | 0.42 | 0.03 | 7.69 |
| SUNUASSUR | 0.80 | 0.86 | 0.06 | 7.50 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| MULTIVERSE | 3.00 | 2.70 | -0.30 | -10.00 |
| NASCON | 56.05 | 50.55 | -5.50 | -9.81 |
| HONYFLOUR | 3.70 | 3.40 | -0.30 | -8.11 |
| MAYBAKER | 5.50 | 5.10 | -0.40 | -7.27 |
| JAIZBANK | 1.61 | 1.50 | -0.11 | -6.83 |
| INTBREW | 4.60 | 4.30 | -0.30 | -6.52 |
| DANGSUGAR | 58.30 | 55.00 | -3.30 | -5.66 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| STERLINGNG | 3.34 | 93 | 160,995,784 |
| TRANSCORP | 6.07 | 1040 | 135,695,682 |
| FIDELITYBK | 7.05 | 247 | 57,622,514 |
| FTNCOCOA | 2.15 | 61 | 47,177,223 |
| DANGSUGAR | 55.00 | 1167 | 28,858,481 |
| CHIPLC | 1.17 | 114 | 14,334,070 |
| ACCESSCORP | 16.60 | 271 | 11,889,576 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| DANGSUGAR | 55.00 | 1167 | 1,600,514,591.75 |
| TRANSCORP | 6.07 | 1040 | 847,536,093.32 |
| NESTLE | 1100.00 | 86 | 681,444,452.60 |
| STERLINGNG | 3.34 | 93 | 531,392,159.42 |
| FIDELITYBK | 7.05 | 247 | 403,333,718.60 |
| MTNN | 274.50 | 311 | 335,066,114.70 |
| ZENITHBANK | 32.90 | 226 | 294,452,373.75 |
OUTLOOK
The Nigerian Equities market closed positive today to regain the week’s positive run of results. This was largely driven by premium stocks like SEPLAT and NGXGROUP offsetting the losers in the market today. We forsee an overall impressive week in the stock market as we gear towards ending of the week.
