Trading activities in the Nigerian Equities market closed negative at the end of today, Wednesday (16/10/2024), as the NGX-ASI decreased to 98,291.53 from 98,540.93 recorded at the close of the previous trading day; indicating a YTD return of +31.45%.
Similarly, the market capitalization decreased by N148 billion to N59.559 trillion from N59.707 trillion recorded at the close of the previous trading day. The market turnover also decreased to N8.993 billion from N26.817 billion.
The market breadth was unchanged at 1.00X as 22 stocks advanced and 22 stocks declined, while 76 stocks remained unchanged. DEAPCAP topped the gainers’ list with 10.00%, while CUSTODIAN declined by -8.98% to lead the losers’ chart.
FIDELITYBK recorded the highest volume and ARADEL recorded the highest value for the day.
Read: NGX Price List for Wednesday, 16th October 2024
MARKET STATISTICS
| CAP | N59,559,273,045,544.21 | One Day (ASI CHG) | -0.25% |
| Index | 98,291.53 | One Week (ASI CHG) | +0.83% |
| Volume | 257,551,949 | One Month (ASI CHG) | +0.86% |
| Value | N8,993,127,877.25 | Six Months (ASI CHG) | -1.62% |
| Deals | 7,776 | 52 Weeks (ASI CHG) | +45.93% |
| Gainers | 22 | Losers | 22 |
| Unchanged | 76 | Total | 120 |
| YTD Returns | +31.45% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.25 |
| NGX30 | -0.02 |
| NGXBNK | -0.04 |
| NGXCNSMRGDS | +0.46 |
| NGXINDUSTR | -0.03 |
| NGXINS | 0.40 |
| NGXLOTUSISLM | -0.34 |
| NGXOILGAS | +0.02 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price (N) | Price Change (N) | % Change |
| DEAPCAP | 1.20 | 1.32 | 0.12 | 10.00 |
| UACN | 19.70 | 21.65 | 1.95 | 9.90 |
| DANGSUGAR | 32.00 | 35.10 | 3.10 | 9.69 |
| CHAMPION | 3.42 | 3.75 | 0.33 | 9.65 |
| DAARCOMM | 0.54 | 0.59 | 0.05 | 9.26 |
| SOVRENINS | 0.56 | 0.59 | 0.03 | 5.36 |
| OANDO | 77.60 | 80.70 | 3.10 | 3.99 |
Top 7 Losers
| Security | Previous Close (N) | Close Price (N) | Price Change (N) | % Change |
| CUSTODIAN | 12.80 | 11.65 | -1.15 | -8.98 |
| OKOMUOIL | 363.00 | 338.10 | -24.9 | -6.86 |
| CONHALLPLC | 1.51 | 1.41 | -0.10 | -6.62 |
| ARADEL | 820.00 | 772.00 | -48.00 | -5.85 |
| ROYALEX | 0.70 | 0.68 | -0.02 | -2.86 |
| UNIVINSURE | 0.35 | 0.34 | -0.01 | -2.86 |
| FTNCOCOA | 1.90 | 1.85 | -0.05 | -2.63 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Number of Trades | Daily Volume |
| FIDELITYBK | 14.60 | 261 | 38,208,737 |
| UBA | 24.40 | 543 | 33,788,061 |
| GTCO | 52.00 | 382 | 16,739,423 |
| CHAMPION | 3.75 | 97 | 14,440,020 |
| ZENITHBANK | 37.45 | 324 | 11,593,481 |
| STERLINGNG | 5.00 | 125 | 11,090,905 |
| OANDO | 80.70 | 762 | 10,760,430 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Daily Value (N) |
| ARADEL | 772.00 | 984 | 3,148,823,907.70 |
| NESTLE | 870.00 | 83 | 985,945,705.50 |
| OANDO | 80.70 | 762 | 865,117,587.60 |
| GTCO | 52.00 | 382 | 858,279,401.40 |
| UBA | 24.40 | 543 | 829,612,602.15 |
| FIDELITYBK | 14.60 | 261 | 559,084,494.25 |
| ZENITHBANK | 37.45 | 324 | 436,483,631.30 |
OUTLOOK
The Nigerian Equities Market closed in negative territory at the end of Wednesday’s trading session. We expect market performance to remain mixed in the days ahead amid intermittent profit-taking activities.
