Trading activities in the Nigerian Equities Market closed negative today, Friday (12/04/2024) by 0.71% as the NGX-ASI decreased to 102,314.56 from 103,437.67 recorded at the close of the previous trading day; indicating a YTD return of +36.83%.
The market performance for the week decreased by 1.09% to 102,314.56 from 103,437.67 recorded at the beginning of the week.
Similarly, the market capitalization decreased today by N412.14 billion to N57,864.64 trillion from N58,497.59 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N21.585 billion from N18.729 billion.
The market breadth was negative at 0.33X as 12 stocks advanced and 36 stocks declined, while 75 stocks remained unchanged. TRANSCORP topped the gainers’ list with +9.93%, while GTCO declined by -10.00% to lead the losers’ chart.
UBA recorded the highest volume while ZENITHBANK recorded the highest value for the day.
Read: NGX Price List for Friday, 12th April 2024
MARKET STATISTICS
| CAP | N57,864,639,226,770.81 | One Day (ASI CHG) | -0.71% |
| Index | 102,314.56 | One Week (ASI CHG) | -1.09% |
| Volume | 734,043,067 | One Month (ASI CHG) | -1.17% |
| Value | N21,585,476,099.76 | Six Months (ASI CHG) | 52.25% |
| Deals | 12,491 | 52 Weeks (ASI CHG) | 97.16% |
| Gainers | 12 | Losers | 36 |
| Unchanged | 75 | Total | 123 |
| YTD Returns | +36.83% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.71 |
| NGX30 | -0.64 |
| NGXBNK | -4.67 |
| NGXCNSMRGDS | -1.07 |
| NGXINDUSTR | -0.23 |
| NGXINS | -2.45 |
| NGXLOTUSISLM | -0.44 |
| NGXOILGAS | -0.28 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| TRANSCORP | 13.60 | 14.95 | 1.35 | 9.93 |
| MORISON | 2.33 | 2.56 | 0.23 | 9.87 |
| OANDO | 11.45 | 12.55 | 1.10 | 9.61 |
| CAVERTON | 1.64 | 1.78 | 0.14 | 8.54 |
| DEAPCAP | 0.63 | 0.68 | 0.05 | 7.94 |
| FIDELITYBK | 9.30 | 10.00 | 0.70 | 7.53 |
| DAARCOMM | 0.61 | 0.65 | 0.04 | 6.56 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| GTCO | 46.00 | 41.40 | -4.60 | -10.00 |
| DANGSUGAR | 59.00 | 53.10 | -5.90 | -10.00 |
| FLOURMILL | 37.50 | 33.80 | -3.70 | -9.87 |
| MULTIVERSE | 15.25 | 13.75 | -1.50 | -9.84 |
| FTNCOCOA | 1.70 | 1.55 | -0.15 | -8.82 |
| TANTALIZER | 0.38 | 0.35 | -0.03 | -7.89 |
| ETERNA | 16.55 | 15.25 | -1.30 | -7.85 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| UBA | 26.30 | 1482 | 148,881,854 |
| ZENITHBANK | 40.00 | 1152 | 135,810,416 |
| GTCO | 41.40 | 779 | 98,755,073 |
| TRANSCORP | 14.95 | 680 | 71,430,613 |
| ACCESSCORP | 19.30 | 1201 | 44,310,096 |
| NEM | 9.55 | 27 | 30,152,088 |
| NB | 28.00 | 223 | 27,717,149 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value (N) |
| ZENITHBANK | 40.00 | 1152 | 5,483,642,648.70 |
| GTCO | 41.40 | 779 | 4,130,780,496.35 |
| UBA | 26.30 | 1482 | 4,009,769,922.70 |
| MTNN | 227.00 | 392 | 2,122,121,592.90 |
| TRANSCORP | 14.95 | 680 | 998,478,132.35 |
| ACCESSCORP | 19.30 | 1201 | 868,070,283.90 |
| NB | 28.00 | 223 | 779,883,157.65 |
OUTLOOK
The Nigerian Exchange (NGX) closed in negative territory for the week. At the end of week’s trading session, equities declined further amid low trading volume. We expect market performance to remain mixed in the days ahead as investors rotate their portfolios towards stocks with attractive dividend yields.
