Trading activities in the Nigerian Equities Market closed negative today, Wednesday (03/04/2024) by 0.32% as the NGX-ASI decreased to 104,181.32 from 104,518.14 recorded at the close of the previous trading day; indicating a YTD return of +39.33%.
Similarly, the market capitalization decreased today by N190.44 billion to N58.905 trillion from N59.096 trillion recorded at the close of the previous trading day, Also, the market turnover decreased to N8.908 billion from N14.300 billion.
The market breadth was negative at 0.63X as 20 stocks advanced and 32 stocks declined, while 66 stocks remained unchanged. UPL topped the gainers’ list with +9.84%, while CAVERTON declined by -10.00% to lead the losers’ chart.
ACCESSCORP recorded the highest volume and ZENITHBANK the highest value for the day.
Read: NGX Price List for Wednesday, 3rd April 2024
MARKET STATISTICS
| CAP | N58,905,238,158,472.62 | One Day (ASI CHG) | -0.32% |
| Index | 104,181.32 | One Week (ASI CHG) | -0.10% |
| Volume | 405,026,417 | One Month (ASI CHG) | 5.40% |
| Value | N8,908,206,622.71 | Six Months (ASI CHG) | 56.71% |
| Deals | 10,364 | 52 Weeks (ASI CHG) | 92.80% |
| Gainers | 20 | Losers | 32 |
| Unchanged | 66 | Total | 118 |
| YTD Returns | +39.33% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.32 |
| NGX30 | -0.35 |
| NGXBNK | -2.36 |
| NGXCNSMRGDS | 0.16 |
| NGXINDUSTR | 0.01 |
| NGXINS | -2.07 |
| NGXLOTUSISLM | -0.07 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | % Change |
| UPL | 2.44 | 2.68 | 0.24 | 9.84 |
| SCOA | 1.96 | 2.15 | 0.19 | 9.69 |
| MORISON | 1.76 | 1.93 | 0.17 | 9.66 |
| CUTIX | 2.60 | 2.85 | 0.25 | 9.62 |
| MBENEFIT | 0.64 | 0.70 | 0.06 | 9.37 |
| ROYALEX | 0.66 | 0.70 | 0.04 | 6.06 |
| LINKASSURE | 0.85 | 0.90 | 0.05 | 5.88 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | % Change |
| CAVERTON | 1.80 | 1.62 | -0.18 | -10.00 |
| INTENEGINS | 1.60 | 1.44 | -0.16 | -10.00 |
| THOMASWY | 2.18 | 1.97 | -0.21 | -9.63 |
| NEM | 9.90 | 8.95 | -0.95 | -9.60 |
| TANTALIZER | 0.42 | 0.38 | -0.04 | -9.52 |
| STERLINGNG | 5.18 | 4.70 | -0.48 | -9.27 |
| DAARCOMM | 0.67 | 0.61 | -0.06 | -8.96 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| ACCESSCORP | 23.95 | 939 | 50,000,379 |
| UBA | 27.50 | 417 | 49,005,699 |
| TRANSCORP | 13.80 | 936 | 45,946,972 |
| ZENITHBANK | 44.00 | 561 | 41,877,198 |
| GTCO | 52.40 | 501 | 29,702,574 |
| UNIVINSURE | 0.37 | 55 | 18,803,473 |
| UCAP | 24.00 | 254 | 13,740,778 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value (N) |
| ZENITHBANK | 44.00 | 561 | 1,864,048,975.45 |
| GTCO | 52.40 | 501 | 1,568,566,355.25 |
| UBA | 27.50 | 417 | 1,370,198,626.80 |
| ACCESSCORP | 23.95 | 939 | 1,241,787,912.80 |
| TRANSCORP | 13.80 | 936 | 612,798,948.40 |
| UCAP | 24.00 | 254 | 329,837,842.80 |
| MTNN | 232.00 | 414 | 301,741,897.20 |
OUTLOOK
Trading session on the Nigerian Exchange ended on a negative note today. All the sectors except consumer goods and industrial sector recorded losses, we hinged losses to banks reacting to recapitalization. However, we expect mixed sentiment to prevail in the coming days of the week.
