Trading activities in the Nigerian Equities Market closed positive today, Tuesday (02/01/2024) by 1.63% as the NGX-ASI increased to 75,990.88 from 74,773.77 recorded at the close of the previous trading day; indicating a YTD return of +1.63%.
Similarly, the market capitalization increased today by N665.97 billion to N41.583 trillion from N40.918 trillion recorded at the close of the previous trading day, While the market turnover decreased to N5.573 billion from N12.820 billion.
The market breadth was positive at 2.82X as 48 stocks advanced and 17 stocks declined, while 53 stocks remained unchanged. IKEJAHOTEL topped the gainers’ list with +10.00%, while THOMASWY declined by -10.00% to lead the losers’ chart.
MBENEFIT recorded the highest volume while AIRTELAFRI recorded the highest value for the day.
Read: NGX Price List for Tuesday, 2nd January 2024
MARKET STATISTICS
| CAP | N41,583,483,810,780.70 | One Day (ASI CHG) | +1.63% |
| Index | 75,990.88 | One Week (ASI CHG) | +2.66% |
| Volume | 515,807,533 | One Month (ASI CHG) | +7.11% |
| Value | N5,573,242,338.24 | Six Months (ASI CHG) | +25.16% |
| Deals | 9,370 | 52 Weeks (ASI CHG) | +47.28% |
| Gainers | 48 | Losers | 17 |
| Unchanged | 53 | Total | 118 |
| YTD Returns | +44.43% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 1.63 |
| NGX30 | 1.74 |
| NGXBNK | -0.33 |
| NGXCNSMRGDS | 0.36 |
| NGXINDUSTR | 2.14 |
| NGXINS | 0.94 |
| NGXLOTUSISLM | 1.26 |
| NGXOILGAS | 0.36 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| IKEJAHOTEL | 6.00 | 6.60 | 0.60 | 10.00 |
| INFINITY | 6.00 | 6.60 | 0.60 | 10.00 |
| SUNUASSUR | 1.10 | 1.21 | 0.11 | 10.00 |
| DAARCOMM | 0.90 | 0.99 | 0.09 | 10.00 |
| AIICO | 0.80 | 0.88 | 0.08 | 10.00 |
| LINKASSURE | 0.80 | 0.88 | 0.08 | 10.00 |
| MULTIVERSE | 18.57 | 20.42 | 1.85 | 9.96 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| THOMASWY | 2.70 | 2.43 | -0.27 | -10.00 |
| CADBURY | 19.00 | 17.10 | -1.90 | -10.00 |
| PRESTIGE | 0.51 | 0.46 | -0.05 | -9.80 |
| CONHALLPLC | 1.47 | 1.33 | -0.14 | -9.52 |
| OMATEK | 0.76 | 0.69 | -0.07 | -9.21 |
| SCOA | 1.98 | 1.81 | -0.17 | -8.59 |
| STANBIC | 69.65 | 64.00 | -5.65 | -8.11 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| MBENEFIT | 0.53 | 163 | 101,631,083 |
| TRANSCORP | 9.52 | 656 | 46,646,744 |
| UNITYBNK | 1.78 | 180 | 35,220,814 |
| JAIZBANK | 1.95 | 228 | 26,992,970 |
| UBA | 26.00 | 459 | 20,074,993 |
| ACCESSCORP | 23.55 | 361 | 16,032,492 |
| VERITASKAP | 0.36 | 58 | 14,945,991 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| AIRTELAFRI | 2000.00 | 74 | 741,778,785.30 |
| GTCO | 40.10 | 290 | 601,925,820.95 |
| UBA | 26.00 | 459 | 513,852,298.00 |
| TRANSCORP | 9.52 | 656 | 440,665,329.36 |
| ZENITHBANK | 39.00 | 356 | 427,616,036.55 |
| ACCESSCORP | 23.55 | 361 | 376,146,562.95 |
| NASCON | 54.00 | 120 | 213,671,503.80 |
OUTLOOK
The Equities market gained at the end of today’s trading to begin the trading year 2024, the upward movements were attributed to an increased buying interest observed in stocks. We expect the market to continue in the positive direction in the remaining days of the week.
