Equities Market Sustains Bearish Run As ASI Dipped By 0.18%

Trading activities in the Nigerian Equities Market closed negative today, Thursday (26/10/2023) by 0.18% as the NGX-ASI decreased to 67,084.95 from 67,206.16 recorded at the close of the previous trading day; indicating a YTD return of +30.89%.

Similarly, the market capitalization decreased today by N66.59 billion to N 36,856, trillion from N36,923 trillion recorded at the close of the previous trading day, while the market turnover increased to N5.110 billion from N4.410 billion.

The market breadth was negative at 0.38X as 11 stocks advanced and 29 stocks declined, while 75 stocks remained unchanged. UACN topped the gainers’ list with +6.09%, while NSLTECH declined by -10.00% to lead the losers’ chart.

FIDELITYBK recorded the highest volume while NESTLE recorded the highest value for the day.

Read: NGX Price List for Thursday,26th October 2023

MARKET STATISTICS

CAPN 36,856,726,337,423.03One Day (ASI CHG)-0.18%
Index67,084.95One Week (ASI CHG)-0.02%
Volume267,653,980One Month (ASI CHG)+0.65%
ValueN 5,110,970,504.93Six Months (ASI CHG)+28.02%
Deals5,20552 Weeks (ASI CHG)+49.54%
Gainers11Losers29
Unchanged75Total115
YTD Returns+30.89%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-0.18
NGX30-0.10
NGXBNK-0.33
NGXCNSMRGDS0.12
NGXINDUSTR0.00
NGXINS-1.82
NGXLOTUSISLM0.24
NGXOILGAS0.00

Top 7 Gainers

SecurityPrevious Close(N)Close Price(N) Price Change%Change
UACN11.5012.200.706.09
OANDO8.608.950.354.07
CHAMS1.921.990.073.65
NESTLE1020.001050.0030.002.94
TRANSCORP6.186.350.172.75
CUTIX2.302.320.020.87
FBNH16.0016.100.100.63

Top 7 Losers

SecurityPrevious Close(N)Close Price(N) Price Change%Change
NSLTECH0.300.27-0.03-10.00
CWG8.557.70-0.85-9.94
THOMASWY4.474.03-0.44-9.84
INTBREW4.604.15-0.45-9.78
UNIVINSURE0.240.22-0.02-8.33
FTNCOCOA1.701.56-0.14-8.24
ETRANZACT7.567.02-0.54-7.14

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of Trades Volume
FIDELITYBK8.10193                      39,831,160
CHAMS1.99309                      23,500,326
ACCESSCORP16.95331                      20,555,571
UBA18.80362                      19,007,853
JAPAULGOLD0.90133                      18,252,875
GTCO35.00241                      13,608,861
AIICO0.6751                      12,684,722

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of Trades Value(N)
NESTLE1050.0054          1,748,464,553.70
STANBIC67.7539              495,123,795.20
GTCO35.00241              482,131,102.65
UBA18.80362              357,268,495.15
ACCESSCORP16.95331              347,746,279.80
FIDELITYBK8.10193              326,853,015.80
ZENITHBANK33.10234              228,534,608.00

OUTLOOK

Activities on the floor of the Exchange closed negative at the end of today’s trading session. However, we expect better performance for the remaining days of the week as investors continue to trade on fundamentally sound stocks and hope of impressive Q3 results.

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