Trading activities in the Nigerian Equities market closed positive at the end of today, Friday (20/09/2024), as the NGX-ASI increased to 98,247.99 from 98,003.75 recorded at the close of the previous trading day; indicating a YTD return of +31.39%.
The market performance for the week increased by 0.81% to 98,247.99 from 97,456.62 recorded at the beginning of the week
Similarly, the market capitalization increased by N140.46 billion to N56.456 trillion from N56.316 trillion recorded at the close of the previous trading day. However, the market turnover decreased to N10.120 billion from N11.359 billion.
The market breadth was positive at 1.65X as 33 stocks advanced and 20 stocks declined, while 60 stocks remained unchanged. FIDSON topped the gainers’ list with 10.00%, while FBNH declined by 9.98% to lead the losers’ chart.
FBNH recorded the highest volume and highest value for the day.
Read: NGX Price List for Friday, 20th September 2024
MARKET STATISTICS
| CAP | N56,456,642,924,524.32 | One Day (ASI CHG) | 0.25% |
| Index | 98,247.99 | One Week (ASI CHG) | +0.81% |
| Volume | 512,161,868 | One Month (ASI CHG) | +2.45% |
| Value | N8,798,791,068.76 | Six Months (ASI CHG) | -6.12% |
| Deals | 8,434 | 52 Weeks (ASI CHG) | +45.93% |
| Gainers | 33 | Losers | 20 |
| Unchanged | 60 | Total | 113 |
| YTD Returns | +31.39% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.25 |
| NGX30 | 0.21 |
| NGXBNK | -0.24 |
| NGXCNSMRGDS | -0.38 |
| NGXINDUSTR | 0.01 |
| NGXINS | 2.39 |
| NGXLOTUSISLM | 0.42 |
| NGXOILGAS | 0.41 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | %Change |
| FIDSON | 14.50 | 15.95 | 1.45 | 10.00 |
| MEYER | 6.41 | 7.05 | 0.64 | 9.98 |
| CAVERTON | 3.36 | 3.69 | 0.33 | 9.82 |
| PZ | 15.80 | 17.35 | 1.55 | 9.81 |
| ACADEMY | 2.89 | 3.17 | 0.28 | 9.69 |
| FIDELITYBK | 12.40 | 13.60 | 1.20 | 9.68 |
| BERGER | 21.60 | 23.40 | 1.80 | 8.33 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change(N) | %Change |
| FBNH | 30.55 | 27.50 | -3.05 | -9.98 |
| NNFM | 39.15 | 35.25 | -3.90 | -9.96 |
| NIDF | 112.80 | 101.60 | -11.20 | -9.93 |
| FLOURMILL | 56.00 | 50.45 | -5.55 | -9.91 |
| JOHNHOLT | 3.08 | 2.78 | -0.30 | -9.74 |
| ETRANZACT | 8.00 | 7.50 | -0.50 | -6.25 |
| STERLINGNG | 4.25 | 4.01 | -0.24 | -5.65 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| FBNH | 27.50 | 821 | 151,903,083 |
| JAPAULGOLD | 2.69 | 103 | 150,076,921 |
| FIDELITYBK | 13.60 | 466 | 27,230,304 |
| UACN | 21.95 | 149 | 26,033,403 |
| AIICO | 1.19 | 123 | 14,684,439 |
| ZENITHBANK | 37.90 | 438 | 14,372,672 |
| UBA | 24.25 | 409 | 12,369,770 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value (N) |
| FBNH | 27.50 | 821 | 4,369,690,708.25 |
| OANDO | 82.50 | 589 | 691,222,811.05 |
| UACN | 21.95 | 149 | 537,916,603.30 |
| ZENITHBANK | 37.90 | 438 | 532,456,195.55 |
| MTNN | 199.80 | 226 | 444,074,631.30 |
| AIRTELAFRI | 2,200 | 88 | 442,372,862.70 |
| JAPAULGOLD | 2.69 | 103 | 392,960,457.74 |
OUTLOOK
The Nigerian Equity market maintains bullish trend to close for the week this is primarily driven by investors’ buying interest. We expect positive performance on the local bourse as investors hunt for bargains amid improved sentiment.
