Stock Market Sustains Rally Streak As ASI Gains By 0.11%.

Trading activities in the Nigerian Equities Market closed positive today, Thursday (30/11/2023) by 0.11% as the NGX-ASI increased to 71,365.25 from 71,284.56 recorded at the close of the previous trading day; indicating a YTD return of +39.25%.

Similarly, the market capitalization increased today by N44 billion to N39.052 trillion from N39.008 trillion recorded at the close of the previous trading day, while the market turnover increased to N10.24 billion from N6.61 billion.

The market breadth was negative at 0.77X as 24 stocks advanced and 31 stocks declined, while 56 stocks remained unchanged. NNFM topped the gainers’ list with +10.00%, while NSLTECH declined by -9.72% to lead the losers’ chart.

GTCO recorded the highest volume and value for the day.

Read: NGX Price List for Thursday, 30th November 2023

MARKET STATISTICS

CAPN39,051,940,619,659.64One Day (ASI CHG)+0.11%
Index71,365.25One Week (ASI CHG)+0.44%
Volume540,085,654One Month (ASI CHG)+3.08%
ValueN10,243,207,509.41Six Months (ASI CHG)+27.84%
Deals6,51652 Weeks (ASI CHG)+49.74%
Gainers24Losers31
Unchanged56Total111
YTD Returns+39.25%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI+0.11
NGX30+0.18
NGXBNK-0.41
NGXCNSMRGDS-0.32
NGXINDUSTR+0.07
NGXINS-0.83
NGXLOTUSISLM+0.16
NGXOILGAS-0.14

Top 7 Gainers

Security

Previous Close(N)

Close Price(N)

Price Change 

%Change

NNFM32.0035.203.2010.00
THOMASWY2.082.280.209.62
CHAMPION3.253.500.257.69
ETI16.0017.001.006.25
UPDCREIT3.904.100.205.13
CUTIX2.252.340.094.00
OANDO11.2511.700.454.00

Top 7 Losers

Security

Previous Close(N)

Close Price(N)

Price Change 

%Change

NSLTECH0.720.65-0.07-9.72
UNITYBNK1.551.40-0.15-9.68
TANTALIZER0.530.48-0.05-9.43
DAARCOMM0.320.29-0.03-9.38
DEAPCAP0.650.59-0.06-9.23
WAPIC0.710.65-0.06-8.45
REGALINS0.380.35-0.03-7.89

Top 7 Traded Stocks By Volume

Security

Close Price(N)

Number of Trades

Volume
GTCO39.00282             67,229,687
UNIVINSURE0.2589             56,746,950
CONHALLPLC1.30188             46,100,378
TRANSCORP6.98333             42,756,349
FBNH22.05213             36,028,191
JAIZBANK1.55184             34,734,111
UNITYBNK1.40139             28,678,943

Top 7 Traded Stocks By Value

Security

Close Price(N)

Number of Trades

         Value(N)

GTCO39.00282  2,603,160,644.70
AIRTELAFRI1800.0011  1,440,216,079.20
MTNN238.00175  1,294,454,464.30
SEPLAT2310.1072     789,617,884.10
FBNH22.05213     787,474,480.45
ZENITHBANK34.05347     556,348,574.45
ACCESSCORP18.00335     417,978,052.45

OUTLOOK

Activities on the Nigerian Exchange (NGX) closed positive for the day on strong investors sentiment in buying into fundamentally sound stocks on the floor of the exchange. We expect positive performance on the local bourse to continue as trading ushers in December.

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