Trading activities in the Nigerian Equities Market closed negative today, Wednesday (28/02/2024) by 1.31% as the NGX-ASI decreased to 99,266.02 from 100,582.89 recorded at the close of the previous trading day; indicating a YTD return of +30.63%.
Similarly, the market capitalization decreased today by N720.59 billion to N54.317 trillion from N55.037 trillion recorded at the close of the previous trading day, Also, the market turnover decreased to N5.826 billion from N6.120 billion.
The market breadth was negative at 0.10X as 5 stocks advanced and 51 stocks declined, while 61 stocks remained unchanged. PZ topped the gainers’ list with +10.00%, while WAPCO declined by -10.00% to lead the losers’ chart.
TRANSCORP is the highest volume and ZENITHBANK is the highest value for the day respectively.
Read: NGX Price List for Wednesday, 28th February 2024
MARKET STATISTICS
| CAP | N54,317,025,252,218.67 | One Day (ASI CHG) | -1.31% |
| Index | 99,266.02 | One Week (ASI CHG) | -2.07% |
| Volume | 396,228,353 | One Month (ASI CHG) | -3.06% |
| Value | N5,826,234,056.16 | Six Months (ASI CHG) | 49.41% |
| Deals | 10,549 | 52 Weeks (ASI CHG) | 77.88% |
| Gainers | 5 | Losers | 51 |
| Unchanged | 61 | Total | 117 |
| YTD Returns | +30.63% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -1.31 |
| NGX30 | -1.23 |
| NGXBNK | -6.90 |
| NGXCNSMRGDS | -1.20 |
| NGXINDUSTR | -0.41 |
| NGXINS | -3.72 |
| NGXLOTUSISLM | -0.90 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| PZ | 26.50 | 29.15 | 2.65 | 10.00 |
| JULI | 2.82 | 3.10 | 0.28 | 9.93 |
| MANSARD | 5.22 | 5.30 | 0.08 | 1.53 |
| NAHCO | 28.80 | 29.00 | 0.20 | 0.69 |
| NPFMCRFBK | 1.83 | 1.84 | 0.01 | 0.55 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| WAPCO | 35.50 | 31.95 | -3.55 | -10.00 |
| NB | 34.00 | 30.60 | -3.40 | -10.00 |
| OANDO | 11.00 | 9.90 | -1.10 | -10.00 |
| FCMB | 8.00 | 7.20 | -0.80 | -10.00 |
| WEMABANK | 7.80 | 7.02 | -0.78 | -10.00 |
| STERLINGNG | 4.60 | 4.14 | -0.46 | -10.00 |
| REDSTAREX | 3.80 | 3.42 | -0.38 | -10.00 |
Top 7 Traded Stocks By Volume
| Security | Close Price | Number of Trades | Volume |
| TRANSCORP | 13.00 | 597 | 52,566,760 |
| UBA | 20.50 | 816 | 39,472,376 |
| ACCESSCORP | 17.45 | 796 | 35,291,484 |
| ZENITHBANK | 32.45 | 868 | 30,925,192 |
| UNIVINSURE | 0.36 | 78 | 23,221,776 |
| VERITASKAP | 0.70 | 155 | 21,717,554 |
| JAPAULGOLD | 2.03 | 127 | 16,986,223 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| ZENITHBANK | 32.45 | 868 | 1004397528.85 |
| UBA | 20.50 | 816 | 823932872.35 |
| TRANSCORP | 13.00 | 597 | 675580884.71 |
| ACCESSCORP | 17.45 | 796 | 620906475.85 |
| GTCO | 36.00 | 420 | 347084001.40 |
| DANGSUGAR | 54.20 | 443 | 290755615.70 |
| NAHCO | 29.00 | 134 | 281489101.55 |
OUTLOOK
The Equities market closed in red for the 3rd consecutive day of the week, as increased profit-taking transactions overwhelmed the market. We expect mixed sentiment in the remaining days of the week.
