Trading activities in the Nigerian Equities Market closed negative today, Monday (18/03/2024) by 0.40% as the NGX-ASI decreased to 104,663.34 from 105,085.25 recorded at the close of the previous trading day; indicating a YTD return of +39.97%.
Similarly, the market capitalization decreased today by N238.55 billion to N59.177 billion from N59.416 trillion recorded at the close of the previous trading day, while, the market turnover increased to N10.800 billion from N5.006 billion.
The market breadth was positive at 1.59X as 27 stocks advanced and 17 stocks declined, while 72 stocks remained unchanged. ABCTRANS topped the gainers’ list with +9.86%, while DAARCOMM declined by -8.97% to lead the losers’ chart.
UBA recorded the highest volume while TRANSPOWER recorded the highest value for the day.
Read: NGX Price List for Monday, 18th March 2024
MARKET STATISTICS
| CAP | N59,177,779,142,308.53 | One Day (ASI CHG) | -0.40% |
| Index | 104,663.34 | One Week (ASI CHG) | 2.57% |
| Volume | 287,445,691 | One Month (ASI CHG) | -1.00% |
| Value | N10,800,561,950.36 | Six Months (ASI CHG) | 54.20% |
| Deals | 9,077 | 52 Weeks (ASI CHG) | 90.69% |
| Gainers | 27 | Losers | 17 |
| Unchanged | 72 | Total | 116 |
| YTD Returns | +39.97% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -0.40 |
| NGX30 | -0.52 |
| NGXBNK | 2.53 |
| NGXCNSMRGDS | -0.35 |
| NGXINDUSTR | 0.03 |
| NGXINS | 2.95 |
| NGXLOTUSISLM | -0.72 |
| NGXOILGAS | 0.01 |
Top 7 Gainers
| Security | Open Price(N) | Close Price(N) | Change Price | % Change |
| ABCTRANS | 0.71 | 0.78 | 0.07 | 9.86 |
| NEM | 6.65 | 7.30 | 0.65 | 9.77 |
| LIVESTOCK | 1.55 | 1.70 | 0.15 | 9.68 |
| NGXGROUP | 22.00 | 24.10 | 2.10 | 9.55 |
| THOMASWY | 1.82 | 1.99 | 0.17 | 9.34 |
| SOVRENINS | 0.43 | 0.47 | 0.04 | 9.30 |
| FTNCOCOA | 1.62 | 1.77 | 0.15 | 9.26 |
Top 7 Losers
| Security | Open Price(N) | Close Price(N) | Change Price | % Change |
| DAARCOMM | 0.78 | 0.71 | -0.07 | -8.97 |
| UPDC | 1.52 | 1.40 | -0.12 | -7.89 |
| MTNN | 267.80 | 247.50 | -20.30 | -7.58 |
| REGALINS | 0.39 | 0.37 | -0.02 | -5.13 |
| GTCO | 48.45 | 46.65 | -1.80 | -3.72 |
| DANGSUGAR | 61.25 | 59.00 | -2.25 | -3.67 |
| CHAMS | 2.21 | 2.13 | -0.08 | -3.62 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| UBA | 25.45 | 556 | 46,231,893 |
| GTCO | 46.65 | 483 | 35,349,905 |
| TRANSCORP | 15.15 | 532 | 21,506,145 |
| ZENITHBANK | 39.00 | 562 | 21,488,209 |
| FBNH | 40.30 | 456 | 17,919,745 |
| ACCESSCORP | 23.00 | 541 | 14,406,664 |
| AIICO | 0.99 | 164 | 10,290,045 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value (N) |
| TRANSPOWER | 383.00 | 533 | 3,626,628,469.80 |
| GTCO | 46.65 | 483 | 1,650,618,272.90 |
| UBA | 25.45 | 556 | 1,189,720,911.45 |
| ZENITHBANK | 39.00 | 562 | 834,055,436.60 |
| FBNH | 40.30 | 456 | 698,140,345.35 |
| MTNN | 247.50 | 334 | 397,030,628.10 |
| ACCESSCORP | 23.00 | 541 | 333,973,975.80 |
OUTLOOK
Activities on the Nigerian Exchange Market closed negative at the end of today’s trading. We anticipate a mildly negative performance on the local bourse as investors take profit from the recent gains.
