Trading activities in the Nigerian Equities Market closed positive today, Monday (11/03/2024) by 0.70% as the NGX-ASI increased to 102,044.84 from 101,330.85 recorded at the close of the previous trading day; indicating a YTD return of +36.47%.
Similarly, the market capitalization increased today by N403.69 billion to N57.697 billion from N57.293 trillion recorded at the close of the previous trading day, While, the market turnover decreased to N17.099 billion from N19.879 billion.
The market breadth was negative at 2.13X as 34 stocks advanced and 16 stocks declined, while 69 stocks remained unchanged. NEM topped the gainers’ list with +10.00%, while PRESTIGE declined by -10.00% to lead the losers’ chart.
GTCO recorded the highest volume while TRANSPOWER recorded the highest value for the day.
Read: NGX Price List for Monday, 11th March 2024
MARKET STATISTICS
| CAP | N57,697,151,827,460.92 | One Day (ASI CHG) | 0.70% |
| Index | 102,044.84 | One Week (ASI CHG) | 3.23% |
| Volume | 436,896,796 | One Month (ASI CHG) | 0.18% |
| Value | N17,099,123,020.45 | Six Months (ASI CHG) | 51.64% |
| Deals | 11,344 | 52 Weeks (ASI CHG) | 82.91% |
| Gainers | 34 | Losers | 16 |
| Unchanged | 69 | Total | 119 |
| YTD Returns | +36.47% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.70 |
| NGX30 | 0.54 |
| NGXBNK | 2.00 |
| NGXCNSMRGDS | 1.09 |
| NGXINDUSTR | 0.11 |
| NGXINS | 1.48 |
| NGXLOTUSISLM | 0.19 |
| NGXOILGAS | -0.23 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| NEM | 5.50 | 6.05 | 0.55 | 10.00 |
| HONYFLOUR | 3.40 | 3.74 | 0.34 | 10.00 |
| DANGSUGAR | 55.65 | 61.20 | 5.55 | 9.97 |
| NASCON | 52.40 | 57.60 | 5.20 | 9.92 |
| WEMABANK | 7.15 | 7.85 | 0.70 | 9.79 |
| ELLAHLAKES | 3.00 | 3.29 | 0.29 | 9.67 |
| JAPAULGOLD | 1.95 | 2.13 | 0.18 | 9.23 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| PRESTIGE | 0.60 | 0.54 | -0.06 | -10.00 |
| LASACO | 2.34 | 2.11 | -0.23 | -9.83 |
| UACN | 13.95 | 12.60 | -1.35 | -9.68 |
| RTBRISCOE | 0.49 | 0.45 | -0.04 | -8.16 |
| INTENEGINS | 1.68 | 1.55 | -0.13 | -7.74 |
| ETERNA | 15.65 | 14.60 | -1.05 | -6.71 |
| TANTALIZER | 0.40 | 0.38 | -0.02 | -5.00 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| GTCO | 41.90 | 493 | 96,630,881 |
| TRANSCORP | 17.80 | 876 | 73,860,004 |
| ACCESSCORP | 20.50 | 585 | 48,089,570 |
| UBA | 23.00 | 510 | 21,580,646 |
| NASCON | 57.60 | 356 | 19,574,854 |
| FIDELITYBK | 10.05 | 225 | 18,662,966 |
| TRANSPOWER | 368.80 | 1532 | 16,513,038 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value (N) |
| TRANSPOWER | 368.80 | 1532 | 5,929,592,706.50 |
| GTCO | 41.90 | 493 | 4,023,975,674.00 |
| TRANSCORP | 17.80 | 876 | 1,230,706,939.75 |
| NASCON | 57.60 | 356 | 1,125,730,792.30 |
| ACCESSCORP | 20.50 | 585 | 988,350,217.70 |
| DANGSUGAR | 61.20 | 636 | 675,943,449.05 |
| ZENITHBANK | 36.20 | 529 | 510,271,372.60 |
OUTLOOK
Trading session on the Nigerian Exchange began the week strongly as profit-taking season continues. Investors’ sentiment is projected to further direct the trajectory of the market as trading continues for the week.
