Trading activities in the Nigerian Equities Market closed positive today, Wednesday (17/01/2024) by 2.38% as the NGX-ASI increased to 90,063.25 from 87,971.10 recorded at the close of the previous trading day; indicating a YTD return of +20.44%.
Similarly, the market capitalization increased today by N1,142.17 trillion to N49.281 trillion from N48.139 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N16.381 billion from N16.045 billion.
The market breadth was positive at 1.28X as 45 stocks advanced and 35 stocks declined, while 39 stocks remained unchanged. GUINNESS topped the gainers’ list with +10.00%, while RTBRISCOE declined by -10.00% to lead the losers’ chart.
STERLINGNG recorded the highest volume while NB recorded the highest value for the day.
Read: NGX Price List for Wednesday, 17th January 2024
MARKET STATISTICS
| CAP | N48,139,258,250,333.80 | One Day (ASI CHG) | +3.93% |
| Index | 90,063.25 | One Week (ASI CHG) | +9.79% |
| Volume | 1,298,224,606 | One Month (ASI CHG) | +24.41% |
| Value | N16,381,022,451.28 | Six Months (ASI CHG) | +41.25% |
| Deals | 17,471 | 52 Weeks (ASI CHG) | +70.88% |
| Gainers | 45 | Losers | 35 |
| Unchanged | 39 | Total | 119 |
| YTD Returns | +20.44% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 2.38 |
| NGX30 | 2.56 |
| NGXBNK | -3.26 |
| NGXCNSMRGDS | 1.92 |
| NGXINDUSTR | 8.76 |
| NGXINS | 3.63 |
| NGXLOTUSISLM | 2.88 |
| NGXOILGAS | 0.45 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| GUINNESS | 65.00 | 71.50 | 6.50 | 10.00 |
| WEMABANK | 10.60 | 11.66 | 1.06 | 10.00 |
| HONYFLOUR | 4.40 | 4.84 | 0.44 | 10.00 |
| SUNUASSUR | 1.60 | 1.76 | 0.16 | 10.00 |
| AIICO | 1.40 | 1.54 | 0.14 | 10.00 |
| BUACEMENT | 112.65 | 123.90 | 11.25 | 9.99 |
| MAYBAKER | 6.21 | 6.83 | 0.62 | 9.98 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| RTBRISCOE | 0.90 | 0.81 | -0.09 | -10.00 |
| DANGSUGAR | 81.40 | 73.30 | -8.10 | -9.95 |
| NGXGROUP | 25.40 | 22.90 | -2.50 | -9.84 |
| REDSTAREX | 4.54 | 4.11 | -0.43 | -9.47 |
| STERLINGNG | 7.59 | 6.90 | -0.69 | -9.09 |
| DAARCOMM | 1.08 | 0.99 | -0.09 | -8.33 |
| REGALINS | 0.62 | 0.57 | -0.05 | -8.06 |
Top 7 Traded Stocks By Volume
| Security | Close Price | Number of Trades | Volume |
| STERLINGNG | 6.90 | 838 | 106,140,632 |
| JAPAULGOLD | 2.68 | 553 | 101,122,474 |
| TRANSCORP | 17.54 | 494 | 90,466,096 |
| JAIZBANK | 3.70 | 833 | 83,116,154 |
| UNITYBNK | 3.00 | 343 | 73,414,567 |
| VERITASKAP | 0.69 | 261 | 63,713,879 |
| AIICO | 1.54 | 339 | 61,110,551 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| NB | 42.00 | 331 | 2,018,680,492.50 |
| TRANSCORP | 17.54 | 494 | 1,576,801,378.98 |
| ZENITHBANK | 45.2 | 509 | 1,099,767,769.20 |
| ACCESSCORP | 29.6 | 606 | 935,864,718.00 |
| STERLINGNG | 6.9 | 838 | 800,259,429.61 |
| FLOURMILL | 47.4 | 341 | 660,845,352.85 |
| NASCON | 65.95 | 437 | 657,762,732.05 |
OUTLOOK
The Equities market closed positive on its 3rd consecutive day of the week. This movement could be attributed to an increased buying interest observed in stocks. We expect this trend to continue throughout the remaining days of the week.
