Trading activities in the Nigerian Equities Market closed positive today, Friday (03/11/2023) by 0.22% as the NGX-ASI increased to 70,196.77 from 70,042.28 recorded at the close of the previous trading day; indicating a YTD return of +36.97%. The market performance for the week increased by 4.56% to 70,196.77 from 67,136.58 recorded at the beginning of the week.
Similarly, the market capitalization increased today by N75.4 billion to N38.55 trillion from N38.48 trillion recorded at the close of the previous trading day, while the market turnover increased to N9.16 billion from N6.09 billion.
The market breadth was positive at 1.04X as 26 stocks advanced and 25 stocks declined, while 67 stocks remained unchanged. INTBREW topped the gainers’ list with +9.64%, while PRESTIGE declined by -8.89% to lead the losers’ chart.
FIDELITYBK recorded the highest volume, while AIRTELAFRI recorded the highest value for the day.
Read: NGX Price List for Friday, 3rd November 2023
MARKET STATISTICS
| CAP | N38,556,893,535,468.20 | One Day (ASI CHG) | +0.22% |
| Index | 70,196.77 | One Week (ASI CHG) | +4.56% |
| Volume | 410,361,873 | One Month (ASI CHG) | +5.59% |
| Value | N9,163,177,257.15 | Six Months (ASI CHG) | +33.80% |
| Deals | 6,436 | 52 Weeks (ASI CHG) | +58.68% |
| Gainers | 26 | Losers | 25 |
| Unchanged | 67 | Total | 118 |
| YTD Returns | +36.97% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.22 |
| NGX30 | 0.22 |
| NGXBNK | -0.82 |
| NGXCNSMRGDS | 0.37 |
| NGXINDUSTR | -1.65 |
| NGXINS | -0.26 |
| NGXLOTUSISLM | 0.59 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| INTBREW | 4.15 | 4.55 | 0.40 | 9.64 |
| ABCTRANS | 0.79 | 0.86 | 0.07 | 8.86 |
| CHAMPION | 3.40 | 3.70 | 0.30 | 8.82 |
| ROYALEX | 0.50 | 0.54 | 0.04 | 8.00 |
| AIICO | 0.70 | 0.75 | 0.05 | 7.14 |
| CAVERTON | 1.45 | 1.54 | 0.09 | 6.21 |
| AIRTELAFRI | 1694.10 | 1790.00 | 95.90 | 5.66 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| PRESTIGE | 0.45 | 0.41 | -0.04 | -8.89 |
| TANTALIZER | 0.45 | 0.41 | -0.04 | -8.89 |
| CHAMS | 2.20 | 2.02 | -0.18 | -8.18 |
| DAARCOMM | 0.25 | 0.23 | -0.02 | -8.00 |
| NEM | 5.95 | 5.60 | -0.35 | -5.88 |
| BUACEMENT | 105.00 | 100.50 | -4.50 | -4.29 |
| ETRANZACT | 8.40 | 8.10 | -0.30 | -3.57 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| FIDELITYBK | 8.45 | 284 | 61,097,788 |
| JAPAULGOLD | 1.27 | 287 | 47,747,509 |
| UBA | 20.45 | 493 | 30,902,539 |
| GTCO | 35.15 | 241 | 29,881,586 |
| AIICO | 0.75 | 52 | 25,286,279 |
| TRANSCORP | 6.2 | 149 | 17,263,589 |
| CHAMS | 2.02 | 251 | 16,398,051 |
Top 7 Traded Stocks By Value
| Security | Close Price | Number of Trades | Value (N) |
| AIRTELAFRI | 1790 | 82 | 2,221,712,117.30 |
| MTNN | 234 | 334 | 2,059,978,031.60 |
| GTCO | 35.15 | 241 | 1,050,249,509.25 |
| UBA | 20.45 | 493 | 636,500,401.65 |
| FIDELITYBK | 8.45 | 284 | 514,179,396.00 |
| FLOURMILL | 32.5 | 88 | 438,865,017.60 |
| DANGSUGAR | 62.2 | 191 | 287,663,414.20 |
OUTLOOK
Activities on the Nigerian Exchange Limited (NGX) closed positive for the week. Thus, we expect market performance to remain mixed in the week ahead as investors rotate their portfolios towards stocks with attractive dividend yields amid intermittent profit-taking activities.
