Trading activities in the Nigerian Equities Market closed positive today, Friday (08/09/2023) by 0.09% as the NGX-ASI increased to 68,143.34 from 68,082.11 recorded at the close of the previous trading day; indicating a YTD return of +32.96%. The market performance for the week increased by 0.91% to 68,143.34 from 65,198.08 recorded at the beginning of the week (04/09/2023).
Similarly, the market capitalization increased today by N33.513 billion to N37.295 trillion from N37.261 trillion recorded at the close of the previous trading day, while the market turnover decreased to N8.340 billion from N8.37 billion recorded at the close of the previous trading day.
The market breadth was positive at 1.81X as 29 stocks advanced and 16 stocks declined, while 67 stocks remained unchanged. OANDO topped the gainers’ list with +10.00% , while OMATEK declined by -9.38% to lead the losers’ chart.
FCMB recorded the highest volume while SEPLAT had the highest value traded for the day.
Read: NGX Price List for Friday, 8th September 2023
MARKET STATISTICS
| CAP | N37,295,336,600,065.06 | One Day (ASI CHG) | +0.09% |
| Index | 68,143.34 | One Week (ASI CHG) | +0.91% |
| Volume | 483,489,479 | One Month (ASI CHG) | -6.20% |
| Value | N8,340,883,538.00 | Six Months (ASI CHG) | +22.13% |
| Deals | 6,660 | 52 Weeks (ASI CHG) | +37.24% |
| Gainers | 41 | Losers | 13 |
| Unchanged | 66 | Total | 120 |
| YTD Returns | +32.96% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.09 |
| NGX30 | 0.05 |
| NGXBNK | 0.14 |
| NGXCNSMRGDS | 0.18 |
| NGXINDUSTR | 0.16 |
| NGXINS | -0.43 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | % Change |
| OANDO | 7.00 | 7.70 | 0.70 | 10.00 |
| CWG | 5.26 | 5.78 | 0.52 | 9.89 |
| NEIMETH | 1.53 | 1.68 | 0.15 | 9.80 |
| IKEJAHOTEL | 2.80 | 3.05 | 0.25 | 8.93 |
| CUTIX | 2.36 | 2.55 | 0.19 | 8.05 |
| MBENEFIT | 0.44 | 0.47 | 0.03 | 6.82 |
| WAPIC | 0.60 | 0.63 | 0.03 | 5.00 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | % Change |
| OMATEK | 0.64 | 0.58 | -0.06 | -9.38 |
| ABCTRANS | 1.23 | 1.13 | -0.10 | -8.13 |
| THOMASWY | 2.17 | 2.00 | -0.17 | -7.83 |
| REDSTAREX | 3.10 | 2.87 | -0.23 | -7.42 |
| FIDSON | 15.87 | 15.22 | -0.65 | -4.10 |
| CHIPLC | 1.06 | 1.02 | -0.04 | -3.77 |
| NPFMCRFBK | 1.89 | 1.83 | -0.06 | -3.17 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| FCMB | 6.80 | 125 | 116,867,793 |
| ACCESSCORP | 17.50 | 385 | 36,251,457 |
| OANDO | 7.70 | 444 | 34,227,433 |
| UBA | 15.25 | 326 | 34,208,707 |
| FIDELITYBK | 8.75 | 203 | 34,100,825 |
| TRANSCORP | 6.70 | 327 | 16,664,774 |
| UNIVINSURE | 0.22 | 29 | 14,809,584 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value(N) |
| SEPLAT | 1,837.00 | 32 | 1,827,379,409.40 |
| NASCON | 58.00 | 203 | 800,769,902.60 |
| FCMB | 6.80 | 125 | 791,357,285.24 |
| DANGSUGAR | 64.15 | 412 | 709,279,763.00 |
| ACCESSCORP | 17.50 | 385 | 631,843,480.75 |
| UBA | 15.25 | 326 | 521,606,930.40 |
| STANBIC | 66.50 | 39 | 336,698,506.25 |
OUTLOOK
The stock market closed positive at the end of today’s trading and for the week. The appreciation in market index was as a result of bullish trading in some stocks with strong fundamentals as investors bask in the euphoria of peaceful reactions from the previous day ruling of the Presidential Electoral Petition Court. We expect mixed sentiment in the coming week.
