Trading activities in the Nigerian Equities Market closed negative today, Monday (08/04/2024) by 0.38% as the NGX-ASI decreased to 103,047.23 from 103,437.67recorded at the close of the previous trading day; indicating a YTD return of +37.81%.
Similarly, the market capitalization decreased today by N220.82 billion to N58.276 trillion from N58.497trillion recorded at the close of the previous trading day, Also, the market turnover decreased to N3.221 billion from N18.729 billion.
The market breadth was negative at 0.74X as 17 stocks advanced and 23 stocks declined, while 80 stocks remained unchanged. MORISON topped the gainers’ list with +9.91%, while ABBEYBDS declined by -9.75% to lead the losers’ chart.
ABBEYBDS recorded the highest volume while GTCO recorded the highest value for the day.
Read: NGX Price List for Monday, 8th April 2024
MARKET STATISTICS
| CAP | N58,276,777,898,695.32 | One Day (ASI CHG) | -0.38% |
| Index | 103,047.23 | One Week (ASI CHG) | -1.45% |
| Volume | 245,856,711 | One Month (ASI CHG) | 1.69% |
| Value | N3,221,902,885.07 | Six Months (ASI CHG) | 53.57% |
| Deals | 5,302 | 52 Weeks (ASI CHG) | 98.35% |
| Gainers | 17 | Losers | 23 |
| Unchanged | 80 | Total | 120 |
| YTD Returns | +37.81% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.38 |
| NGX30 | -0.39 |
| NGXBNK | -2.67 |
| NGXCNSMRGDS | -0.27 |
| NGXINDUSTR | 0.00 |
| NGXINS | 0.00 |
| NGXLOTUSISLM | 0.04 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close | Close Price | Price Change | % Change |
| MORISON | 2.12 | 2.33 | 0.21 | 9.91 |
| OMATEK | 0.78 | 0.84 | 0.06 | 7.69 |
| CWG | 6.75 | 7.15 | 0.40 | 5.93 |
| LINKASSURE | 0.90 | 0.95 | 0.05 | 5.56 |
| STERLINGNG | 4.70 | 4.95 | 0.25 | 5.32 |
| AIICO | 1.13 | 1.17 | 0.04 | 3.54 |
| VERITASKAP | 0.68 | 0.70 | 0.02 | 2.94 |
Top 7 Losers
| Security | Previous Close | Close Price | Price Change | % Change |
| ABBEYBDS | 2.77 | 2.50 | -0.27 | -9.75 |
| CHAMPION | 3.72 | 3.36 | -0.36 | -9.68 |
| REGALINS | 0.43 | 0.39 | -0.04 | -9.30 |
| CHAMS | 2.22 | 2.06 | -0.16 | -7.21 |
| CONHALLPLC | 1.57 | 1.46 | -0.11 | -7.01 |
| MBENEFIT | 0.64 | 0.60 | -0.04 | -6.25 |
| SUNUASSUR | 1.36 | 1.28 | -0.08 | -5.88 |
Top 7 Traded Stocks By Volume
| Security | Close Price | Number of Trades | Daily Volume |
| ABBEYBDS | 2.50 | 48 | 137,211,238 |
| GTCO | 46.00 | 575 | 33,444,678 |
| ACCESSCORP | 22.50 | 947 | 32,261,314 |
| TRANSCORP | 13.60 | 471 | 7,311,981 |
| ZENITHBANK | 41.55 | 450 | 16,097,304 |
| FBNH | 29.05 | 523 | 15,991,305 |
| FIDELITYBK | 9.30 | 327 | 10,711,549 |
Top 7 Traded Stocks By Value
| Security | Close Price | Number of Trades | Daily Value |
| GTCO | 46.00 | 575 | 1,551,717,864.40 |
| MTNN | 227.00 | 391 | 903,463,216.30 |
| ACCESSCORP | 22.50 | 947 | 728,092,656.60 |
| ZENITHBANK | 41.55 | 450 | 675,024,014.20 |
| FBNH | 29.05 | 523 | 490,219,497.15 |
| ABBEYBDS | 2.50 | 48 | 343,031,036.99 |
| TRANSPOWER | 377.00 | 189 | 324,568,755.60 |
OUTLOOK
Trading session on the Nigerian Exchange closed negative at the end of today’s trading. In the real term, we expect market performance to be dominated by the bulls, as positioning for 2023FY earnings releases and accompanying dividends declarations conversely, market sentiment still drags southwards.
