Bearish Trend Persists As Equity Market Records 1.47% Loss.

Trading activities in the Nigerian Equities market closed negative at the end of today, Wednesday (15/01/2025), as the NGX-ASI decreased to 102,095.95 from 103,622.09 recorded at the close of the previous trading day, indicating a YTD return of -0.81%.

The market capitalization decreased by ₦930.62 trillion to ₦62.257 trillion from ₦63.188 trillion recorded at the previous trading day’s close. However, the market turnover decreased to ₦9.442 billion from ₦12.759 billion.

The market breadth was negative at 0.72X as 28 stocks advanced and 39 stocks declined, while 54 stocks remained unchanged. NASCON topped the gainers’ list with 10.00%, while UNIVINSURE declined by -10.00% to lead the losers’ chart.

UNIVINSURE recorded the highest volume While ARADEL recorded the highest value for the day.

Read: NGX Price List for Wednesday,15th January 2025

MARKET STATISTICS

CAPN62,256,879,488,646.93One Day (ASI CHG)-1.47%
Index102,095.95One Week (ASI CHG)-2.05%
Volume435,541,755One Month (ASI CHG)+2.18%
ValueN9,442,356,780.66Six Months (ASI CHG)+2.13%
Deals12,09852 Weeks (ASI CHG)+13.36%
Gainers28Losers 39
Unchanged54Total121
YTD Returns-0.81%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-1.47
NGX30-1.63
NGXBNK 0.02
NGXCNSMRGDS 0.99
NGXINDUSTR-4.70
NGXINS-3.47
NGXLOTUSISLM-0.76
NGXOILGAS 0.15

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)% Change
NASCON35.0038.503.5010.00
DANGSUGAR33.5036.853.3510.00
SUNUASSUR6.106.710.6110.00
SKYAVN30.1533.153.009.95
AUSTINLAZ1.811.990.189.94
NEIMETH3.153.460.319.84
NNFM45.1049.504.409.76

Top 7 Losers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)%Change
UNIVINSURE0.700.63-0.07-10.00
DANGCEM431.00387.90-43.10-10.00
JOHNHOLT9.418.47-0.94-9.99
TRANSPOWER359.90324.00-35.90-9.97
OMATEK0.910.82-0.09-9.89
REGALINS0.830.75-0.08-9.64
WAPIC2.302.08-0.22-9.57

Top 7 Traded Stocks By Volume

SecurityClose Price(₦)Number of TradesVolume
UNIVINSURE0.6325070,309,003
AIICO1.7039639,681,624
ACCESSCORP24.5539916,840,994
LIVESTOCK6.0028716,822,873
NB32.0010116,194,879
VERITASKAP1.4514814,582,909
FCMB10.4021513,447,254

Top 7 Traded Stocks By Value

SecurityClose Price(₦)Number of TradesValue (₦)
ARADEL598.00275666,652,756.80
ZENITHBANK46.95466601,376,556.70
NB32.00101518,151,986.30
NASCON38.50444503,506,106.65
ACCESSCORP24.55399413,986,407.50
DANGCEM387.90257361,568,572.20
MTNN233.00410343,553,591.90

OUTLOOK

The Equities market sustains loss for the third consecutive time in this trading week as increased profit taking is observed. We however anticipate rebound in the market sentiment by the end of the week.

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