Trading activities in the Nigerian Equities market closed positive at the end of today, Friday (25/10/2024), as the NGX-ASI increased to 99,448.91 from 99,189.95 recorded at the close of the previous trading day; indicating a YTD return of +33.00%.
The market performance for the week increased by 1.41% to 99,448.91 from 98,070.47 recorded at the beginning of the week.
Similarly, the market capitalization increased by N156 billion to N60.260 trillion from N60.103 trillion recorded at the close of the previous trading day. While the market turnover decreased to N9.526 billion from N15.715 billion.
The market breadth was positive at 3.0X as 39 stocks advanced and 13 stocks declined, while 61 stocks remained unchanged. ACCESSCORP topped the gainers’ list with 9.95%, while ROYALEX declined by -9.72% to lead the losers’ chart.
UBA recorded the highest volume, while ARADEL recorded the highest value for the day.
Read: NGX Price List for Friday, 25th October 2024
MARKET STATISTICS
| CAP | N 60,260,810,246,079.78 | One Day (ASI CHG) | +0.26% |
| Index | 99,448.91 | One Week (ASI CHG) | +1.41% |
| Volume | 460,859,151.00 | One Month (ASI CHG) | +0.89% |
| Value | N 9,526,373,975.77 | Six Months (ASI CHG) | +1.32% |
| Deals | 8,772 | 52 Weeks (ASI CHG) | +48.13% |
| Gainers | 39 | Losers | 13 |
| Unchanged | 61 | Total | 113 |
| YTD Returns | +33.00% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | +0.26 |
| NGX30 | -0.06 |
| NGXBNK | +0.76 |
| NGXCNSMRGDS | +0.11 |
| NGXINDUSTR | +0.07 |
| NGXINS | +1.42 |
| NGXLOTUSISLM | +0.20 |
| NGXOILGAS | +0.13 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price (N) | Price Change (N) | % Change |
| CAP | 35.00 | 38.50 | 3.50 | 10.00 |
| LIVESTOCK | 3.10 | 3.41 | 0.31 | 10.00 |
| EUNISELL | 3.19 | 3.50 | 0.31 | 9.72 |
| MAYBAKER | 6.80 | 7.45 | 0.65 | 9.56 |
| ROYALEX | 0.65 | 0.71 | 0.06 | 9.23 |
| ABBEYBDS | 2.99 | 3.25 | 0.26 | 8.70 |
| STANBIC | 56.15 | 61.00 | 4.85 | 8.64 |
Top 7 Losers
| Security | Previous Close (N) | Close Price (N) | Price Change (N) | % Change |
| DAARCOMM | 0.71 | 0.64 | -0.07 | -9.86 |
| FTNCOCOA | 1.89 | 1.80 | -0.09 | -4.76 |
| FIDELITYBK | 14.70 | 14.30 | -0.40 | -2.72 |
| CHAMS | 2.05 | 2.00 | -0.05 | -2.44 |
| MTNN | 188.50 | 184.00 | -4.50 | -2.39 |
| GTCO | 53.00 | 52.00 | -1.00 | -1.89 |
| JAIZBANK | 2.41 | 2.37 | -0.04 | -1.66 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Number of Trades | Daily Volume |
| CHAMS | 2.00 | 138 | 97,663,406 |
| UBA | 30.10 | 1023 | 88,479,699 |
| STERLINGNG | 4.80 | 222 | 32,301,995 |
| ACCESSCORP | 22.05 | 732 | 28,195,121 |
| ZENITHBANK | 39.90 | 437 | 18,828,887 |
| FCMB | 9.10 | 263 | 17,522,628 |
| JAPAULGOLD | 2.44 | 195 | 15,920,824 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Daily Value (N) |
| UBA | 30.10 | 1,023 | 2,605,002,389.55 |
| ARADEL | 600.10 | 729 | 2,064,524,267.50 |
| ZENITHBANK | 39.90 | 437 | 753,277,737.60 |
| ACCESSCORP | 22.05 | 732 | 628,040,586.60 |
| CAP | 38.50 | 83 | 454,365,083.90 |
| PRESCO | 485.40 | 108 | 290,056,311.50 |
| GTCO | 52.00 | 260 | 261,412,399.20 |
OUTLOOK
The Nigerian equities market closed positive for the week’s trading. As Q3 earnings spurs buy interest pivoting a N60 trn cross of market capitilisation, investors are advised to invest in high-quality stocks with strong fundamentals backing them.
