Trading activities in the Nigerian Equities Market closed positive today, Thursday (2/05/2024) by 0.55% as the NGX-ASI increased to 98,762.78 from 98,225.63 recorded at the close of the previous trading day; indicating a YTD return of +32.08%
Similarly, the market capitalization increased today by N303.79 billion to N55.856 trillion from N55.553 trillion recorded at the close of the previous trading day, However, the market turnover decreased to N5.54 billion from N14.92 billion.
The market breadth was positive at 2.00X as 28 stocks advanced and 14 stocks declined, while 78 stocks remained unchanged. PRESCO topped the gainers’ list with +10.00%, while NASCON declined by -9.99% to lead the losers’ chart.
ABBEYBDS recorded the highest volume and ACCESSCORP the highest value for the day.
Read: NGX Price List for Thursday, 2nd May 2024
MARKET STATISTICS
| CAP | N55,553,017,558,477.71 | One Day (ASI CHG) | 0.55% |
| Index | 98,762.78 | One Week (ASI CHG) | 0.60% |
| Volume | 665,198,654 | One Month (ASI CHG) | -5.55% |
| Value | N5,541,073,271.12 | Six Months (ASI CHG) | 41.00% |
| Deals | 8,446 | 52 Weeks (ASI CHG) | 88.24% |
| Gainers | 28 | Losers | 14 |
| Unchanged | 78 | Total | 120 |
| YTD Returns | +32.08% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.55 |
| NGX30 | 0.66 |
| NGXBNK | 3.20 |
| NGXCNSMRGDS | 0.58 |
| NGXINDUSTR | 0.01 |
| NGXINS | 0.67 |
| NGXLOTUSISLM | 0.31 |
| NGXOILGAS | 0.95 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price (N) | Price Change(N) | % Change |
| PRESCO | 209.00 | 229.90 | 20.90 | 10.00 |
| FLOURMILL | 30.50 | 33.55 | 3.05 | 10.00 |
| STERLINGNG | 4.31 | 4.74 | 0.43 | 9.98 |
| DANGSUGAR | 38.90 | 42.75 | 3.85 | 9.90 |
| FIDSON | 14.35 | 15.75 | 1.40 | 9.76 |
| JAIZBANK | 1.95 | 2.14 | 0.19 | 9.74 |
| WEMABANK | 6.30 | 6.90 | 0.60 | 9.52 |
Top 7 Losers
| Security | Previous Close(N) | Close Price (N) | Price Change(N) | % Change |
| NASCON | 52.55 | 47.3 | -5.25 | -9.99 |
| UPL | 2.26 | 2.05 | -0.21 | -9.29 |
| OMATEK | 0.76 | 0.69 | -0.07 | -9.21 |
| NEIMETH | 1.98 | 1.8 | -0.18 | -9.09 |
| CUTIX | 3.1 | 2.86 | -0.24 | -7.74 |
| CHAMS | 1.88 | 1.74 | -0.14 | -7.44 |
| OANDO | 9.65 | 9 | -0.65 | -6.73 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Number of Trades | Daily Volume |
| ABBEYBDS | 2.5 | 16 | 362,820,930 |
| ACCESSCORP | 17.5 | 980 | 54,466,789 |
| VERITASKAP | 0.59 | 103 | 38,748,262 |
| NB | 25.6 | 191 | 31,209,632 |
| TRANSCORP | 14.6 | 434 | 26,616,064 |
| ZENITHBANK | 32.75 | 576 | 15,853,932 |
| UNIVINSURE | 0.33 | 85 | 12,788,475 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Daily Value(N) |
| ACCESSCORP | 17.50 | 980 | 954,618,698.35 |
| ABBEYBDS | 2.50 | 16 | 907,053,949.28 |
| NB | 25.60 | 191 | 802,431,140.90 |
| ZENITHBANK | 32.75 | 576 | 518,117,711.35 |
| TRANSCORP | 14.60 | 434 | 377,399,028.85 |
| UBA | 25.00 | 565 | 311,150,702.55 |
| DANGSUGAR | 42.75 | 214 | 311,100,353.50 |
OUTLOOK
The Nigerian Exchange (NGX) closed in green to conclude today’s trade. As investors await more corporate actions, we expect the market sentiment to continue in this direction at the close of the week.
