Bullish Sentiment Persists As Equities Market Gains N487.74b

Trading activities in the Nigerian Equities Market closed positive today, Thursday (21/12/2023) by 1.21% as the NGX-ASI increased to 74,289.02 from 73,397.71 recorded at the close of the previous trading day; indicating a YTD return of +44.95%.

Similarly, the market capitalization increased today by N487.74 billion to N40.65 trillion from N40.16 trillion recorded at the close of the previous trading day, also the market turnover increased to N13.026 billion from N12.829 billion.

The market breadth was positive at 2.94X as 50 stocks advanced and 17 stocks declined, while 47 stocks remained unchanged. IMG topped the gainers’ list with +10.00%, while JOHNHOLT declined by -10.00% to lead the losers’ chart.

ABBEYBDS recorded the highest volume and NESTLE recorded the highest value for the day.

Read: NGX Price List for Thursday, 21st December 2023

MARKET STATISTICS

CAPN40,652,197,286,254.23One Day (ASI CHG)+1.21%
Index74,289.02One Week (ASI CHG)+2.53%
Volume760,929,521One Month (ASI CHG)+4.53%
ValueN13,026,433,520.34Six Months (ASI CHG)+25.47%
Deals7,99052 Weeks (ASI CHG)+50.15%
Gainers50Losers17
Unchanged47Total114
YTD Returns+44.95%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI1.21
NGX301.65
NGXBNK1.41
NGXCNSMRGDS-0.15
NGXINDUSTR0.01
NGXINS0.61
NGXLOTUSISLM1.27
NGXOILGAS-0.05

Top 7 Gainers

SecurityPrevious Close(N)Close Price(N)Price Change %Change
IMG8.509.350.8510.00
TRANSCORP7.708.470.7710.00
OKOMUOIL240.00263.9023.909.96
MULTIVERSE11.5512.701.159.96
INFINITY3.754.120.379.87
SCOA1.811.980.179.39
JAPAULGOLD1.521.660.149.21

Top 7 Losers

SecurityPrevious Close(N)Close Price(N)Price Change %Change
JOHNHOLT2.602.34-0.26-10.00
ELLAHLAKES3.222.90-0.32-9.94
TRIPPLEG2.382.15-0.23-9.66
REGALINS0.370.34-0.03-8.11
UACN15.9515.00-0.95-5.96
CAVERTON1.931.82-0.11-5.70
OMATEK0.650.62-0.03-4.62

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of Trades Volume
ABBEYBDS1.6817             224,084,669
ACCESSCORP23.30584               65,795,145
TRANSCORP8.47419               65,304,999
UBA26.00578               45,978,579
GTCO40.00258               43,592,723
VERITASKAP0.3572               31,718,545
FCMB7.70273               31,394,899

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of Trades Value(N)
NESTLE1130.0082   2,650,610,678.60
GEREGU399.0077   1,818,571,971.60
GTCO40.00258   1,744,379,424.25
ACCESSCORP23.30584   1,522,678,329.80
UBA26.00578   1,197,731,967.70
ZENITHBANK38.65454       555,683,041.55
TRANSCORP8.47419       552,557,177.88

OUTLOOK

The Nigerian Equities market continues its impressive run to close positive in today’s trading. As investors continue to focus on maximizing returns, and a step toward ensuring sustainable profitability, we expect this trend to continue throughout the remaining days of the week.

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