Trading activities in the Nigerian Equities Market closed positive today, Friday (8/03/2024) by 0.99% as the NGX-ASI increased to 101,330.85 from 100,335.30 recorded at the close of the previous trading day; indicating a YTD return of +35.52%.
The market performance for the week increased by 2.61% to 101,330.85 from 98,751.98 recorded at the beginning of the week.
Similarly, the market capitalization increased today by N562.90 billion to N57.293 billion from N56.731 trillion recorded at the close of the previous trading day, While, the market turnover increased to N19.878 billion from N17.731 billion.
The market breadth was positive at 1.33X as 28 stocks advanced and 21 stocks declined, while 75 stocks remained unchanged. MTNN topped the gainers’ list with +9.99%, while FTNCOCOA declined by -9.80% to lead the losers’ chart.
TRANSCORP recorded the highest volume and TRANSPOWER value for the day.
Read: NGX Price List for Friday, 8th March 2024
MARKET STATISTICS
| CAP | N57,293,457,104,005.72 | One Day (ASI CHG) | 0.99% |
| Index | 101,330.85 | One Week (ASI CHG) | 2.61% |
| Volume | 358,122,421 | One Month (ASI CHG) | 0.10% |
| Value | N19,878,873,320.20 | Six Months (ASI CHG) | 48.70% |
| Deals | 10,786 | 52 Weeks (ASI CHG) | 81.52% |
| Gainers | 28 | Losers | 21 |
| Unchanged | 75 | Total | 124 |
| YTD Returns | +35.52% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.99 |
| NGX30 | 0.99 |
| NGXBNK | 0.28 |
| NGXCNSMRGDS | 1.05 |
| NGXINDUSTR | 0.00 |
| NGXINS | -1.58 |
| NGXLOTUSISLM | 0.89 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| MTNN | 201.30 | 221.40 | 20.1 | 9.99 |
| DANGSUGAR | 50.60 | 55.65 | 5.05 | 9.98 |
| NASCON | 47.65 | 52.40 | 4.75 | 9.97 |
| IKEJAHOTEL | 6.08 | 6.68 | 0.6 | 9.87 |
| DEAPCAP | 0.58 | 0.63 | 0.05 | 8.62 |
| STERLINGNG | 4.40 | 4.75 | 0.35 | 7.95 |
| PZ | 37.10 | 40.00 | 2.9 | 7.82 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| FTNCOCOA | 1.53 | 1.38 | -0.15 | -9.80 |
| CILEASING | 3.81 | 3.48 | -0.33 | -8.66 |
| GUINNESS | 45.90 | 42.05 | -3.85 | -8.39 |
| GUINEAINS | 0.38 | 0.35 | -0.03 | -7.89 |
| ABCTRANS | 0.78 | 0.72 | -0.06 | -7.69 |
| NEM | 5.95 | 5.50 | -0.45 | -7.56 |
| NSLTECH | 0.64 | 0.60 | -0.04 | -6.25 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| TRANSCORP | 17.00 | 1088 | 92,867,765 |
| TRANSPOWER | 351.30 | 2744 | 30,506,757 |
| UBA | 21.90 | 482 | 26,185,236 |
| ACCESSCORP | 20.15 | 426 | 23,276,413 |
| GTCO | 41.10 | 241 | 18,039,345 |
| ZENITHBANK | 34.00 | 585 | 17,933,932 |
| FBNH | 32.40 | 245 | 12,484,887 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value (N) |
| TRANSPOWER | 351.30 | 2,744 | 11,645,273,991.80 |
| TRANSCORP | 17.00 | 1,088 | 1,571,984,859.71 |
| MTNN | 221.40 | 425 | 1,266,564,820.90 |
| NESTLE | 900.00 | 131 | 1,055,427,422.70 |
| GTCO | 41.10 | 241 | 734,490,185.65 |
| ZENITHBANK | 34.00 | 585 | 610,563,444.65 |
| UBA | 21.90 | 482 | 570,225,081.95 |
OUTLOOK
Activities on the Nigerian Exchange Market closed positive to end the week. We expect a mixed sentiment in the week ahead and more dividends dates.
