Trading activities in the Nigerian Equities Market closed negative today, Friday (22/09/2023) by 1.39% as the NGX-ASI decreased to 67,324.59 from 68,271.14 recorded at the close of the previous trading day; indicating a YTD return of +31.36%. The market performance for the week ended Friday September 22, 2023 decreased by -0.11% to 67,324.59 from 67,395.74 recorded at the beginning of the week.
Similarly, the market capitalization decreased today by N518.06 billion to N36.8472 trillion from N37,3652 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.35 billion from N5.82 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.16X as 29 stocks advanced and 25 stocks declined, while 58 stocks remained unchanged. NEM topped the gainers’ list with maximum +10.00% , while OANDO declined by -9.89% to lead the losers’ chart.
UNIVINSURE recorded the highest volume while OANDO had the highest value traded for the day.
Read: NGX Price List for Friday, 22nd September 2023
MARKET STATISTICS
| CAP | N36,847,224,322,254.99 | One Day (ASI CHG) | -1.39% |
| Index | 67,324.59 | One Week (ASI CHG) | -0.11% |
| Volume | 1,028,442,215 | One Month (ASI CHG) | +2.80% |
| Value | N4,354,908,477.71 | Six Months (ASI CHG) | +22.55% |
| Deals | 6,370 | 52 Weeks (ASI CHG) | +36.87% |
| Gainers | 29 | Losers | 25 |
| Unchanged | 58 | Total | 112 |
| YTD Returns | +31.36% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -1.39 |
| NGX30 | -1.32 |
| NGXBNK | 0.75 |
| NGXCNSMRGDS | 0.11 |
| NGXINDUSTR | -4.77 |
| NGXINS | 3.32 |
| NGXLOTUSISLM | -1.58 |
| NGXOILGAS | 0.28 |
Top 7 Gainers
| Securities | Previous Close (N) | Close Price (N) | Price Change | % Change |
| NEM | 5.00 | 5.50 | 0.50 | 10.00 |
| LASACO | 1.86 | 2.04 | 0.18 | 9.68 |
| CORNERST | 1.25 | 1.37 | 0.12 | 9.60 |
| SUNUASSUR | 0.96 | 1.05 | 0.09 | 9.38 |
| DAARCOMM | 0.23 | 0.25 | 0.02 | 8.70 |
| ETERNA | 14.55 | 15.80 | 1.25 | 8.59 |
| WAPIC | 0.59 | 0.64 | 0.05 | 8.47 |
Top 7 Losers
| Securities | Previous Close (N) | Close Price (N) | Price Change | % Change |
| OANDO | 13.15 | 11.85 | -1.30 | -9.89 |
| DANGCEM | 365.00 | 334.00 | -31.00 | -8.49 |
| IKEJAHOTEL | 2.72 | 2.50 | -0.22 | -8.09 |
| LINKASSURE | 0.80 | 0.75 | -0.05 | -6.25 |
| TANTALIZER | 0.32 | 0.30 | -0.02 | -6.25 |
| LIVESTOCK | 1.91 | 1.80 | -0.11 | -5.76 |
| HONYFLOUR | 3.43 | 3.25 | -0.18 | -5.25 |
Top 7 Traded Stocks By Volume
| Securities | Close Price (N) | Number of Trades | Daily Volume |
| UNIVINSURE | 0.22 | 61 | 670,232,795 |
| STERLINGNG | 3.68 | 114 | 65,167,516 |
| OANDO | 11.85 | 863 | 60,088,306 |
| ACCESSCORP | 17.25 | 357 | 33,005,550 |
| UBA | 17.45 | 325 | 24,711,592 |
| JAPAULGOLD | 1.00 | 84 | 18,331,587 |
| TRANSCORP | 6.32 | 254 | 16,403,360 |
Top 7 Traded Stocks By Value
| Securities | Close Price (N) | Number of Trades | Daily Value (N) |
| OANDO | 11.85 | 863 | 719,978,240.05 |
| ACCESSCORP | 17.25 | 357 | 561,452,011.40 |
| ZENITHBANK | 33.00 | 275 | 460,843,738.35 |
| UBA | 17.45 | 325 | 427,857,647.90 |
| GTCO | 35.95 | 178 | 377,885,912.45 |
| STERLINGNG | 3.68 | 114 | 234,110,703.62 |
| DANGCEM | 334.00 | 104 | 227,967,086.30 |
OUTLOOK
The Nigerian Stock Market closed the trading week with a week-on-week loss of 0.11%, as profit-taking was dominant in three of the five trading sessions. In the next trading week, we expect mixed sentiment in the market with bargain hunting on some medium and large capitalized stocks with attractive valuations in anticipation of improved economic reforms and policy statements.
