Trading activities in the Nigerian Equities Market closed positive today, Friday (15/09/2023) by 0.09% as the NGX-ASI increased to 67,395.74 from 67,335.30 recorded at the close of the previous trading day; indicating a YTD return of +31.50%. The market performance for the week decreased by -1.10% to 67,395.74 from 68,143.34 recorded at the beginning of the week (11/09/2023).
Similarly, the market capitalization decreased today by N33.07 billion to N36.886 trillion from N36.853 trillion recorded at the close of the previous trading day, while the market turnover decreased to N5.234 billion from N14.17 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.53X as 29 stocks advanced and 19 stocks declined, while 67 stocks remained unchanged. CHAMS topped the gainers’ list with +10.00% , while CONOIL declined by -10.00% to lead the losers’ chart.
STERLINGNG recorded the highest volume while GTCO had the highest value traded for the day.
Read: NGX Price List for Friday, 15th September 2023
MARKET STATISTICS
| CAP | N36,886,165,244,082.85 | One Day (ASI CHG) | +0.09% |
| Index | 67,395.74 | One Week (ASI CHG) | -1.10% |
| Volume | 408,868,748 | One Month (ASI CHG) | +4.29% |
| Value | N5,233,606,834.22 | Six Months (ASI CHG) | +22.68% |
| Deals | 6,972 | 52 Weeks (ASI CHG) | +36.04% |
| Gainers | 29 | Losers | 19 |
| Unchanged | 67 | Total | 115 |
| YTD Returns | +31.50% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| ASI | 0.09 |
| NGX30 | 0.04 |
| NGXBNK | 0.48 |
| NGXCNSMRGDS | 0.37 |
| NGXINDUSTR | -0.08 |
| NGXINS | 2.15 |
| NGXOILGAS | -1.80 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | % Change |
| CHAMS | 1.00 | 1.10 | 0.10 | 10.00 |
| CUTIX | 2.21 | 2.43 | 0.22 | 9.95 |
| CORNERST | 1.28 | 1.40 | 0.12 | 9.37 |
| CAVERTON | 1.30 | 1.41 | 0.11 | 8.46 |
| UCAP | 16.00 | 17.30 | 1.30 | 8.13 |
| NSLTECH | 0.27 | 0.29 | 0.02 | 7.41 |
| MBENEFIT | 0.41 | 0.44 | 0.03 | 7.32 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | % Change |
| CONOIL | 99.00 | 89.10 | -9.90 | -10.00 |
| MRS | 109.45 | 98.55 | -10.90 | -9.96 |
| ABCTRANS | 0.83 | 0.75 | -0.08 | -9.64 |
| TANTALIZER | 0.42 | 0.38 | -0.04 | -9.52 |
| NEIMETH | 1.71 | 1.55 | -0.16 | -9.36 |
| OMATEK | 0.44 | 0.40 | -0.04 | -9.09 |
| DAARCOMM | 0.27 | 0.25 | -0.02 | -7.41 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| STERLINGNG | 3.79 | 66 | 82,276,953 |
| TRANSCORP | 6.20 | 541 | 59,691,864 |
| UBA | 16.45 | 794 | 48,111,584 |
| GTCO | 35.20 | 474 | 26,393,677 |
| OANDO | 11.00 | 493 | 21,932,599 |
| CHAMS | 1.10 | 90 | 19,403,738 |
| ACCESSCORP | 17.20 | 357 | 16,614,840 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value |
| GTCO | 35.20 | 474 | 926,849,785.15 |
| UBA | 16.45 | 794 | 787,622,583.05 |
| DANGCEM | 365.00 | 79 | 482,821,496.20 |
| TRANSCORP | 6.20 | 541 | 364,934,138.19 |
| ZENITHBANK | 33.25 | 337 | 323,510,620.40 |
| STERLINGNG | 3.79 | 66 | 314,152,231.07 |
| ACCESSCORP | 17.20 | 357 | 282,213,119.25 |
OUTLOOK
The stock market closed positive at the end of today’s trading and and recorded lost for the week. We anticipate a mixed sentiment in the coming week as investor focus on fundamentally sound stocks, impressive Half Year (H1) 2023 results and dividend payment from banks such as Zenith Bank and UBA which filed their results to the investing community.
