Trading activities in the Nigerian Equities Market closed negative today, Wednesday (31/01/2024) by -1.89% as the NGX-ASI decreased to 101,154.46 from 103,106.85 recorded at the close of the previous trading day; indicating a YTD return of +35.28%.
Similarly, the market capitalization decreased today by N1.07 trillion to N55.358 trillion from N56.426 trillion recorded at the close of the previous trading day, While, the market turnover increased to N22.201 billion from N11.087 billion.
The market breadth was positive at 0.18X as 10 stocks advanced and 56 stocks declined, while 50 stocks remained unchanged. TRIPPLEG topped the gainers’ list with +9.97%, while ROYALEX declined by -10.00% to lead the losers’ chart.
TRANSCORP recorded the highest volume while GEREGU recorded the highest value for the day.
Read: NGX Price List for Wednesday, 31st January 2024
MARKET STATISTICS
| CAP | N55,357,988,639,347.07 | One Day (ASI CHG) | -1.89% |
| Index | 101,154.46 | One Week (ASI CHG) | -0.41% |
| Volume | 740,534,204 | One Month (ASI CHG) | 35.28% |
| Value | N22,200,647,387.42 | Six Months (ASI CHG) | 57.40% |
| Deals | 14,092 | 52 Weeks (ASI CHG) | 90.00% |
| Gainers | 10 | Losers | 56 |
| Unchanged | 50 | Total | 116 |
| YTD Returns | +35.28% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -1.90 |
| NGX30 | -1.89 |
| NGXBNK | -8.07 |
| NGXCNSMRGDS | -1.82 |
| NGXINDUSTR | -0.39 |
| NGXINS | -3.02 |
| NGXLOTUSISLM | -2.34 |
| NGXOILGAS | -1.81 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| TRIPPLEG | 3.11 | 3.42 | 0.31 | 9.97 |
| PZ | 30.10 | 33.10 | 3.00 | 9.97 |
| GEREGU | 517.80 | 568.00 | 50.20 | 9.69 |
| VERITASKAP | 0.55 | 0.60 | 0.05 | 9.09 |
| JULI | 0.59 | 0.64 | 0.05 | 8.47 |
| CILEASING | 3.90 | 4.10 | 0.20 | 5.13 |
| VITAFOAM | 23.80 | 24.50 | 0.70 | 2.94 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| ROYALEX | 0.80 | 0.72 | -0.08 | -10.00 |
| UPDC | 2.00 | 1.80 | -0.20 | -10.00 |
| STERLINGNG | 6.30 | 5.67 | -0.63 | -10.00 |
| MAYBAKER | 6.90 | 6.21 | -0.69 | -10.00 |
| TRANSCORP | 14.40 | 12.96 | -1.44 | -10.00 |
| ZENITHBANK | 39.00 | 35.10 | -3.90 | -10.00 |
| WAPCO | 40.00 | 36.00 | -4.00 | -10.00 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| TRANSCORP | 12.96 | 961 | 79,678,884 |
| UBA | 24.40 | 867 | 61,335,787 |
| ZENITHBANK | 35.10 | 964 | 61,175,892 |
| GTCO | 37.00 | 706 | 47,913,408 |
| ACCESSCORP | 22.70 | 776 | 43,488,634 |
| UNIVINSURE | 0.39 | 151 | 40,461,529 |
| VERITASKAP | 0.60 | 104 | 33,228,389 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| GEREGU | 568.00 | 232 | 6,975,643,350.10 |
| MTNN | 281.00 | 579 | 3,314,962,913.30 |
| ZENITHBANK | 35.10 | 964 | 2,257,036,864.90 |
| GTCO | 37.00 | 706 | 1,839,284,050.70 |
| UBA | 24.40 | 867 | 1,551,307,147.00 |
| TRANSCORP | 12.96 | 961 | 1,062,288,441.96 |
| ACCESSCORP | 22.70 | 776 | 1,044,494,312.55 |
OUTLOOK
Equities market closed it’s second consecutive day in red, this could be as a result of increased sell- off predominant in the market. However, we expect mixed sentiment in the remaining days of the week as companies release more corporate earnings results.
