Trading activities in the Nigerian Equities Market closed positive today, Tuesday (16/01/2024) by 3.93% as the NGX-ASI increased to 87,971.10 from 84,640.89 recorded at the close of the previous trading day; indicating a YTD return of +17.65%.
Similarly, the market capitalization increased today by N1,822.35 trillion to N48.139 trillion from N46.317 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N15.768 billion from N11.031 billion.
The market breadth was positive at 8.33X as 75 stocks advanced and 9 stocks declined, while 34 stocks remained unchanged. DANGSUGAR topped the gainers’ list with +10.00%, while ROYALEX declined by -8.16% to lead the losers’ chart.
JAIZBANK recorded the highest volume while NASCON recorded the highest value for the day.
Read: NGX Price List for Tuesday, 16th January 2024
MARKET STATISTICS
| CAP | N48,139,258,350,333.82 | One Day (ASI CHG) | +3.93% |
| Index | 87,971.10 | One Week (ASI CHG) | +5.74% |
| Volume | 1,066,836,882 | One Month (ASI CHG) | +21.53% |
| Value | N15,767,969,393.64 | Six Months (ASI CHG) | +37.96% |
| Deals | 14,505 | 52 Weeks (ASI CHG) | +68.05% |
| Gainers | 75 | Losers | 9 |
| Unchanged | 34 | Total | 118 |
| YTD Returns | +17.65% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 3.93 |
| NGX30 | 3.98 |
| NGXBNK | 4.35 |
| NGXCNSMRGDS | 2.97 |
| NGXINDUSTR | 9.72 |
| NGXINS | 5.80 |
| NGXLOTUSISLM | 4.43 |
| NGXOILGAS | 0.11 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| DANGSUGAR | 74.00 | 81.40 | 7.40 | 10.00 |
| NASCON | 65.00 | 71.50 | 6.50 | 10.00 |
| WAPCO | 43.00 | 47.30 | 4.30 | 10.00 |
| FLOURMILL | 41.00 | 45.10 | 4.10 | 10.00 |
| NB | 37.50 | 41.25 | 3.75 | 10.00 |
| TRANSCORP | 14.50 | 15.95 | 1.45 | 10.00 |
| BERGER | 14.00 | 15.40 | 1.40 | 10.00 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| ROYALEX | 0.98 | 0.90 | -0.08 | -8.16 |
| MULTIVERSE | 18.20 | 17.00 | -1.20 | -6.59 |
| ELLAHLAKES | 3.55 | 3.38 | -0.17 | -4.79 |
| OANDO | 12.50 | 12.05 | -0.45 | -3.60 |
| UACN | 16.00 | 15.50 | -0.50 | -3.13 |
| CUSTODIAN | 9.80 | 9.60 | -0.20 | -2.04 |
| UCAP | 25.40 | 25.00 | -0.40 | -1.57 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| JAIZBANK | 3.65 | 757 | 150,639,186 |
| AIICO | 1.40 | 406 | 99,056,809 |
| FCMB | 12.00 | 429 | 67,596,534 |
| STERLINGNG | 7.59 | 315 | 55,838,208 |
| TRANSCORP | 15.95 | 605 | 48,920,881 |
| FIDELITYBK | 13.90 | 444 | 42,625,328 |
| JAPAULGOLD | 2.46 | 157 | 40,480,358 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| NASCON | 71.50 | 487 | 2,570,296,416.20 |
| NB | 41.25 | 231 | 1,415,286,810.15 |
| UBA | 33.95 | 781 | 1,064,471,516.30 |
| ZENITHBANK | 45.85 | 561 | 939,685,623.30 |
| FCMB | 12.00 | 429 | 814,173,522.70 |
| TRANSCORP | 15.95 | 605 | 774,641,616.30 |
| ACCESSCORP | 29.80 | 596 | 751,545,998.55 |
OUTLOOK
The stock market continues in its upward trajectory for the second consecutive day of the week to record its new All-Time-High ASI value. The record achieved was impacted by gains recorded in all the sectors especially the Industrial sector and Insurance sector which could be as a result of the increased buying interest observed in most sectors. We foresee much of positive sentiment in the remaining days of the week.
