Trading activities in the Nigerian Equities Market closed negative today, Thursday (08/02/2024) by 0.86% as the NGX-ASI decreased to 101,227.42 from 102,106.31 recorded at the close of the previous trading day; indicating a YTD return of +33.21%.
Similarly, the market capitalization decreased today by N480.78 Billion to N55.39 trillion from N55,87 trillion recorded at the close of the previous trading day, While, the market turnover increased to N7.172 billion from N6.244 billion.
The market breadth was negative at 0.13X as 7 stocks advanced and 53 stocks declined, while 60 stocks remained unchanged. MEYER topped the gainers’ list with +9.97%, while CONHALLPLC declined by -10.00% to lead the losers’ chart.
UNIVINSURE recorded the highest volume while ZENITHBANK recorded the highest value for the day.
Read: NGX Price List for Thursday, 8th February 2024
MARKET STATISTICS
| CAP | N55,390,286,008,721.93 | One Day (ASI CHG) | -0.86% |
| Index | 101,227.42 | One Week (ASI CHG) | -1.53% |
| Volume | 478,381,431 | One Month (ASI CHG) | 21.68% |
| Value | N7,172,356,428.54 | Six Months (ASI CHG) | 55.25% |
| Deals | 10,957 | 52 Weeks (ASI CHG) | 85.99% |
| Gainers | 7 | Losers | 53 |
| Unchanged | 60 | Total | 120 |
| YTD Returns | +33.21% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.86 |
| NGX30 | -0.82 |
| NGXBNK | -2.33 |
| NGXCNSMRGDS | -1.90 |
| NGXINDUSTR | -0.30 |
| NGXINS | -4.19 |
| NGXLOTUSISLM | -1.34 |
| NGXOILGAS | -0.49 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| MEYER | 5.72 | 6.29 | 0.57 | 9.97 |
| JULI | 0.84 | 0.92 | 0.08 | 9.52 |
| TANTALIZER | 0.42 | 0.44 | 0.02 | 4.76 |
| REDSTAREX | 3.70 | 3.85 | 0.15 | 4.05 |
| LASACO | 2.54 | 2.63 | 0.09 | 3.54 |
| GTCO | 39.20 | 39.95 | 0.75 | 1.91 |
| LIVESTOCK | 1.87 | 1.88 | 0.01 | 0.53 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change | -% Change |
| CONHALLPLC | 1.60 | 1.44 | -0.16 | -10.00 |
| UNITYBNK | 2.80 | 2.52 | -0.28 | -10.00 |
| STERLINGNG | 5.90 | 5.31 | -0.59 | -10.00 |
| NASCON | 65.00 | 58.50 | -6.50 | -10.00 |
| ETERNA | 22.10 | 19.90 | -2.20 | -9.95 |
| PZ | 34.30 | 30.90 | -3.40 | -9.91 |
| MAYBAKER | 7.10 | 6.40 | -0.70 | -9.86 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| UNIVINSURE | 0.36 | 107 | 42,766,019 |
| TRANSCORP | 12.65 | 723 | 41,535,896 |
| ZENITHBANK | 36.00 | 752 | 31,746,179 |
| UBA | 24.50 | 808 | 31,376,675 |
| ACCESSCORP | 24.25 | 679 | 31,213,024 |
| AIICO | 1.12 | 264 | 27,055,938 |
| FCMB | 8.85 | 254 | 24,769,320 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| ZENITHBANK | 36.00 | 752 | 1,123,224,421.95 |
| UBA | 24.50 | 808 | 741,699,704.70 |
| ACCESSCORP | 24.25 | 679 | 729,398,272.60 |
| GTCO | 39.95 | 464 | 715,229,465.75 |
| DANGSUGAR | 69.00 | 463 | 596,104,848.05 |
| TRANSCORP | 12.65 | 723 | 528,072,916.97 |
| NASCON | 58.50 | 242 | 383,890,669.75 |
OUTLOOK
The Equities market closed in red for the 4th consecutive day of the week. We advise investors to take positions in only fundamentally justified stocks as the weak macro environment remains a significant headwind for corporate earnings.
