Trading activities in the Nigerian Equities Market closed negative today, Friday (06/10/2023) by 0.17% as the NGX-ASI decreased to 66,454.57 from 66,570.19 recorded at the close of the previous trading day; indicating a YTD return of +29.66%. The market performance for the week ended Friday, October 06, 2023 increased by 0.11% to 66,454.57 from 66,382.14 recorded at the beginning of the week.
Similarly, the market capitalization decreased today by N16.98 billion to N36.51 trillion from N36.527 trillion recorded at the close of the previous trading day, while the market turnover increased to N8.93 billion from N4.73 billion.
Today’s market breadth was negative at 0.8X as 20 stocks advanced and 25 stocks declined, while 71 stocks remained unchanged. OMATEK topped the gainers’ list with +10.00%, while OANDO declined by -9.55% to lead the losers’ chart.
UBA recorded the highest volume and BUACEMENT recorded the highest value for the day.
Read: NGX Price List for Friday, 10th September 2023
MARKET STATISTICS
| CAP | N36,510,001,774,828.63 | One Day (ASI CHG) | -0.17% |
| Index | 66,454.57 | One Week (ASI CHG) | 0.11% |
| Volume | 374,093,983 | One Month (ASI CHG) | -2.68% |
| Value | N8,933,714,056.87 | Six Months (ASI CHG) | +25.40% |
| Deals | 6,822.00 | 52 Weeks (ASI CHG) | +40.61% |
| Gainers | 20 | Losers | 25 |
| Unchanged | 71 | Total | 116 |
| YTD Returns | +29.66% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.17 |
| NGX30 | -0.16 |
| NGXBNK | 0.71 |
| NGXCNSMRGDS | 0.00 |
| NGXINDUSTR | -4.76 |
| NGXINS | -1.54 |
| NGXLOTUSISLM | -0.33 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| OMATEK | 0.40 | 0.44 | 0.04 | 10.00 |
| AIRTELAFRI | 1,290.00 | 1,400.10 | 110.10 | 8.53 |
| CAVERTON | 1.37 | 1.45 | 0.08 | 5.84 |
| LINKASSURE | 0.72 | 0.75 | 0.03 | 4.17 |
| ROYALEX | 0.50 | 0.52 | 0.02 | 4.00 |
| WEMABANK | 4.65 | 4.80 | 0.15 | 3.23 |
| UBA | 16.75 | 17.20 | 0.45 | 2.69 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| OANDO | 9.95 | 9.00 | -0.95 | -9.55 |
| SCOA | 1.26 | 1.14 | -0.12 | -9.52 |
| NEM | 5.50 | 5.00 | -0.50 | -9.09 |
| CHIPLC | 1.12 | 1.02 | -0.10 | -8.93 |
| GLAXOSMITH | 12.50 | 11.40 | -1.10 | -8.80 |
| DANGCEM | 340.00 | 310.10 | -29.90 | -8.79 |
| DAARCOMM | 0.25 | 0.23 | -0.02 | -8.00 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| UBA | 17.20 | 431 | 52,420,363 |
| FIDELITYBK | 8.40 | 238 | 49,707,605 |
| BUACEMENT | 94.00 | 563 | 45,128,209 |
| ACCESSCORP | 16.05 | 426 | 29,694,038 |
| OANDO | 9.00 | 578 | 21,619,715 |
| ELLAHLAKES | 3.97 | 33 | 19,560,618 |
| FCMB | 5.90 | 231 | 16,858,769 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value |
| BUACEMENT | 94.00 | 563 | 4,061,879,274.15 |
| UBA | 17.20 | 431 | 901,317,732.95 |
| GTCO | 36.05 | 270 | 602,527,564.30 |
| ACCESSCORP | 16.05 | 426 | 475,564,217.75 |
| FIDELITYBK | 8.40 | 238 | 412,920,173.20 |
| MTNN | 250.00 | 321 | 325,176,728.70 |
| DANGCEM | 310.10 | 123 | 281,882,794.70 |
OUTLOOK
The Nigerian Stock Market closed positive for the week, whilst the listing of VFD Group and NIDF, a N200 billion public infrastructure investment propelled market Capitalization . We expect a mixed sentiment in the week ahead as investors continue to rotate their portfolios towards stocks with attractive dividend yields amid intermittent profit-taking activities. .
