Trading activities in the Nigerian Equities Market closed positive today, Friday (26/01/2024) by 0.25% as the NGX-ASI increased to 102,401.88 from 102,149.93 recorded at the close of the previous trading day; indicating a YTD return of +36.95%.
The market performance for the week increased by 8.32% to 102,401.88 from 94,538.12 recorded at the beginning of the week.
Similarly, the market capitalization increased today by N138 billion to N56.038 trillion from N55.900 trillion recorded at the close of the previous trading day, also, the market turnover decreased to N8.851 billion from N10.302 billion.
The market breadth was positive at 3.46X as 45 stocks advanced and 13 stocks declined, while 62 stocks remained unchanged. JAPAULGOLD topped the gainers’ list with +10.00%, while JAIZBANK declined by -6.39% to lead the losers’ chart.
JAPAULGOLD recorded the highest volume while UBA recorded the highest value for the day.
Read: NGX Price List for Friday, 26th January 2024
MARKET STATISTICS
| CAP | N56,038,372,710,318.13 | One Day (ASI CHG) | +0.25% |
| Index | 102,401.88 | One Week (ASI CHG) | +8.32% |
| Volume | 519,385,036 | One Month (ASI CHG) | +37.45% |
| Value | N8,850,701,081.65 | Six Months (ASI CHG) | +57.40% |
| Deals | 11,301 | 52 Weeks (ASI CHG) | +94.12% |
| Gainers | 45 | Losers | 13 |
| Unchanged | 62 | Total | 120 |
| YTD Returns | +36.95% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.25 |
| NGX30 | 0.13 |
| NGXBNK | 1.19 |
| NGXCNSMRGDS | 0.71 |
| NGXINDUSTR | 0.01 |
| NGXINS | 2.82 |
| NGXLOTUSISLM | -0.27 |
| NGXOILGAS | 0.10 |
Top 7 Gainers
Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| JAPAULGOLD | 2.80 | 3.08 | 0.28 | 10.00 |
| PZ | 32.75 | 36.00 | 3.25 | 9.92 |
| ROYALEX | 0.71 | 0.78 | 0.07 | 9.86 |
| HONYFLOUR | 4.47 | 4.91 | 0.44 | 9.84 |
| SUNUASSUR | 2.05 | 2.25 | 0.20 | 9.76 |
| UPDCREIT | 5.70 | 6.20 | 0.50 | 8.77 |
| LIVESTOCK | 1.95 | 2.12 | 0.17 | 8.72 |
Top 7 Losers
Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| JAIZBANK | 3.13 | 2.93 | -0.20 | -6.39 |
| TANTALIZER | 0.50 | 0.47 | -0.03 | -6.00 |
| DAARCOMM | 0.94 | 0.90 | -0.04 | -4.26 |
| INTBREW | 5.52 | 5.30 | -0.22 | -3.99 |
| UACN | 15.85 | 15.30 | -0.55 | -3.47 |
| TRANSCORP | 17.00 | 16.50 | -0.50 | -2.94 |
| NB | 39.50 | 38.70 | -0.80 | -2.03 |
Top 7 Traded Stocks By Volume
Security | Close Price(N) | Number of Trades | Volume |
| JAPAULGOLD | 3.08 | 402 | 59,168,373 |
| UBA | 30.50 | 585 | 48,686,778 |
| UNIVINSURE | 0.46 | 170 | 39,882,809 |
| GTCO | 43.95 | 316 | 24,654,181 |
| UCAP | 23.00 | 228 | 22,316,403 |
| VERITASKAP | 0.59 | 97 | 22,169,352 |
| JAIZBANK | 2.93 | 361 | 20,608,391 |
Top 7 Traded Stocks By Value
Security | Close Price(N) | Number of Trades | Value(N) |
| UBA | 30.50 | 585 | 1,476,804,593.15 |
| SEPLAT | 3,074.60 | 90 | 1,086,467,475.00 |
| GTCO | 43.95 | 316 | 1,081,767,927.10 |
| ZENITHBANK | 43.00 | 435 | 629,367,319.10 |
| ACCESSCORP | 28.60 | 543 | 513,492,842.35 |
| UCAP | 23.00 | 228 | 498,523,294.75 |
| DANGSUGAR | 82.65 | 387 | 324,554,419.90 |
OUTLOOK
The Equities market closes the week on a positive note outlining the confidence of investors in the market. Investors are expected to continue to cherry-pick stocks with strong fundamentals, (value or growth) for dividend-scouting investors, ahead of the full-year, 2023 earnings season. We expect the local bourse to sustain its positive momentum driven by investors bargain hunting sentiment.
