Trading activities in the Nigerian Equities Market closed negative today, Friday (29/09/2023) by 0.10% as the NGX-ASI decreased to 66,382.14 from 66,448.63 recorded at the close of the previous trading day; indicating a YTD return of +29.52%. The market performance for the week ended Friday, September 29, 2023 decreased by 1.40% to 66,382.14 from 67,324.59 recorded at the beginning of the week.
Similarly, the market capitalization decreased today by N36.39 billion to N36.3314 trillion from N36.3678 trillion recorded at the close of the previous trading day, while the market turnover increased to N4.53 billion from N3.41 billion.
Today’s market breadth was positive at 1.36X as 30 stocks advanced and 22 stocks declined, while 61 stocks remained unchanged. CHIPLC topped the gainers’ list with +9.57%, while BUACEMENT declined by -10.00% to lead the losers’ chart.
FIDELITYBK recorded the highest volume and MTNN recorded the highest value for the day.
Read: NGX Price List for Friday, 29th September 2023
MARKET STATISTICS
| CAP | N36,331,419,780,611.31 | One Day (ASI CHG) | -0.10% |
| Index | 66,382.14 | One Week (ASI CHG) | -1.40% |
| Volume | 292,943,362 | One Month (ASI CHG) | -0.09% |
| Value | N4,531,640,470.74 | Six Months (ASI CHG) | +22.40% |
| Deals | 6,323 | 52 Weeks (ASI CHG) | +35.57% |
| Gainers | 30 | Losers | 22 |
| Unchanged | 61 | Total | 113 |
| YTD Returns | +29.52% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.10 |
| NGX30 | -0.08 |
| NGXBNK | 1.40 |
| NGXCNSMRGDS | 2.26 |
| NGXINDUSTR | -2.80 |
| NGXINS | -0.43 |
| NGXLOTUSISLM | 0.37 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| CHIPLC | 1.15 | 1.26 | 0.11 | 9.57 |
| CWG | 7.9 | 8.65 | 0.75 | 9.49 |
| NGXGROUP | 22.4 | 24.40 | 2.00 | 8.93 |
| RTBRISCOE | 0.45 | 0.49 | 0.04 | 8.89 |
| BETAGLAS | 56.2 | 60.90 | 4.70 | 8.36 |
| ABCTRANS | 0.75 | 0.79 | 0.04 | 5.33 |
| OMATEK | 0.41 | 0.43 | 0.02 | 4.88 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| BUACEMENT | 95 | 85.50 | -9.50 | -10.00 |
| TRIPPLEG | 2.41 | 2.17 | -0.24 | -9.96 |
| OANDO | 8.7 | 7.85 | -0.85 | -9.77 |
| JOHNHOLT | 1.64 | 1.48 | -0.16 | -9.76 |
| CORNERST | 1.78 | 1.61 | -0.17 | -9.55 |
| COURTVILLE | 0.6 | 0.55 | -0.05 | -8.33 |
| CHAMS | 1.39 | 1.28 | -0.11 | -7.91 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| FIDELITYBK | 8.3 | 244 | 48,593,284 |
| UNIVINSURE | 0.22 | 34 | 28,112,764 |
| WEMABANK | 4.89 | 293 | 26,675,861 |
| ACCESSCORP | 15.75 | 472 | 21,042,807 |
| UBA | 16.8 | 375 | 11,654,936 |
| GTCO | 34.45 | 312 | 10,984,940 |
| ZENITHBANK | 31.45 | 383 | 10,927,608 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value |
| MTNN | 264 | 331 | 772,349,308.80 |
| FIDELITYBK | 8.3 | 244 | 393,886,237.75 |
| GTCO | 34.45 | 312 | 379,050,820.25 |
| ZENITHBANK | 31.45 | 383 | 343,494,293.20 |
| ACCESSCORP | 15.75 | 472 | 331,688,999.95 |
| DANGSUGAR | 53.9 | 275 | 295,472,774.40 |
| OKOMUOIL | 263 | 64 | 221,028,117.50 |
OUTLOOK
The Nigerian Stock Market closed negative for the week. We expect a mixed sentiment in the week ahead in anticipation of improved economic reforms and policy statements .
