Equities Market Opens Year With 0.25% Gain.

Trading activities in the Nigerian Equities market closed positive at the end of today, Thursday (02/1/2025), as the NGX-ASI increased to 103,180.14 from 102,926.40 recorded at the close of the previous trading day, indicating a YTD return of +0.25%.

Similarly, the market capitalization increased by ₦154 billion to ₦62.918 billion from ₦62.763 trillion recorded at the previous trading day’s close. However, the market turnover decreased to ₦5.666 billion from ₦40.335billion.

The market breadth was positive at 7.25X as 58 stocks advanced and 8 stocks declined, while 56 stocks remained unchanged. MANSARD topped the gainers’ list with 10.00%, while ELLAHLAKES declined by -4.75% to lead the losers’ chart.

ROYALEX recorded the highest volume and highest value for the day.

Read: NGX Price List for Thursday, 2nd January 2025

MARKET STATISTICS

CAPN62,918,003,335,735.69One Day (ASI CHG)+0.25%
Index103,180.14One Week (ASI CHG)+0.97%
Volume829,754,438One Month (ASI CHG)+5.57%
ValueN5,666,568,514.11Six Months (ASI CHG)+3.11%
Deals11,75252 Weeks (ASI CHG)+32.25%
Gainers58Losers 8
Unchanged56Total122
YTD Returns+0.25%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI+0.25
NGX30+0.08
NGXBNK+0.27
NGXCNSMRGDS+0.16
NGXINDUSTR-0.02
NGXINS+9.50
NGXLOTUSISLM+0.17
NGXOILGAS-0.03

Top 7 Gainers

SecurityPrevious Close(₦)Close Price(₦)Change Price(₦)%Change
MANSARD8.209.020.8210.00
NCR5.005.500.5010.00
CORNERST3.603.960.3610.00
RTBRISCOE2.502.750.2510.00
CUTIX2.302.530.2310.00
INTENEGINS1.701.870.1710.00
ROYALEX1.001.100.1010.00

Top 7 Losers

SecurityPrevious Close(₦)Close Price(₦)Change Price(₦)%Change
ELLAHLAKES3.163.01-0.15-4.75
NASCON31.3530.00-1.35-4.31
CWG7.707.45-0.25-3.25
FIDELITYBK17.5017.00-0.50-2.86
INTBREW5.555.50-0.05-0.90
AUSTINLAZ1.821.81-0.01-0.55
OANDO66.0065.80-0.20-0.30

Top 7 Traded Stocks By Volume

SecurityClose Price(₦)Number of TradesDaily Volume
ROYALEX1.10          154290,986,325
CHAMS2.10          32963,679,264
AIICO1.57          18358,603,737
VERITASKAP1.49          17843,356,763
PRESTIGE1.33          12227,944,780
UNIVINSURE0.72             9327,729,263
NPFMCRFBK1.75             7519,866,193

Top 7 Traded Stocks By Value

SecurityClose Price(₦)Number of TradesDaily Value(₦)
ROYALEX1.10          154318,640,477.13
CHAMS2.10          329130,088,366.53
AIICO1.57          18390,765,443.29
VERITASKAP1.49          17863,098,779.53
PRESTIGE1.33          12237,031,736.48
UNIVINSURE0.72             9319,901,433.45
NPFMCRFBK1.75             75 32,396,460.79

OUTLOOK

The equities market kicked off the new year on a positive note, posting a modest gain of 0.25% on the first trading day. This gentle upward move indicates investors are cautiously optimistic about the year’s prospects, seeking to capitalize on existing momentum. The opening day gain sets a promising tone for the year ahead.

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