Trading activities in the Nigerian Equities market closed negative at the end of today, Friday (8/11/2024), as the NGX-ASI decreased to 97,236.19 from 96,924.86 recorded at the close of the previous trading day, indicating a YTD return of +30.04%.
The market performance for the week decreased by 0.20% to 97,236.19 from 97,432.02 recorded at the beginning of the week.
The market capitalization increased by N188.65 billion to 58,920.28 trillion from 58.731.83 trillion recorded at the close of the previous trading day. However, The market turnover decreased to N9.129 billion from N16.477 billion.
The market breadth was positive at 1.26X as 29 stocks advanced and 23 stocks declined, while 70 stocks remained unchanged. ARADEL topped the gainers’ list with 10.00%, while MEYER declined by -9.98% to lead the losers’ chart.
STERLINGNG recorded the highest volume ,While ARADEL recorded the highest value for the day.
Read: NGX Price List for Friday, 8th November 2024
MARKET STATISTICS
| CAP | N58,920,280,910,705.50 | One Day (ASI CHG) | 0.32% |
| Index | 97,236.19 | One Week (ASI CHG) | -0.20% |
| Volume | 466,243,699 | One Month (ASI CHG) | -0.36% |
| Value | N9,129,381,627.06 | Six Months (ASI CHG) | -1.02% |
| Deals | 8,818 | 52 Weeks (ASI CHG) | 37.24% |
| Gainers | 29 | Losers | 23 |
| Unchanged | 70 | Total | 122 |
| YTD Returns | +30.04% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.32 |
| NGX30 | -0.03 |
| NGXBNK | -0.16 |
| NGXCNSMRGDS | -0.01 |
| NGXINDUSTR | -0.02 |
| NGXINS | -0.10 |
| NGXLOTUSISLM | -0.02 |
| NGXOILGAS | +1.37 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price (N) | Change Price (N) | %Change |
| ARADEL | 441.20 | 485.30 | 44.10 | 10.00 |
| CONOIL | 236.50 | 260.00 | 23.50 | 9.94 |
| JOHNHOLT | 4.38 | 4.81 | 0.43 | 9.82 |
| LASACO | 2.20 | 2.40 | 0.20 | 9.09 |
| FTNCOCOA | 1.75 | 1.89 | 0.14 | 8.00 |
| SOVRENINS | 0.64 | 0.69 | 0.05 | 7.81 |
| CONHALLPLC | 1.59 | 1.70 | 0.11 | 6.92 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price(N) | %Change |
| MEYER | 8.52 | 7.67 | -0.85 | -9.98 |
| ABBEYBDS | 2.95 | 2.66 | -0.29 | -9.83 |
| ETERNA | 27.50 | 24.80 | -2.70 | -9.82 |
| SUNUASSUR | 2.28 | 2.06 | -0.22 | -9.65 |
| DEAPCAP | 1.18 | 1.07 | -0.11 | -9.32 |
| TANTALIZER | 0.60 | 0.56 | -0.04 | -6.67 |
| LIVESTOCK | 4.01 | 3.80 | -0.21 | -5.24 |
Top 7 Traded Stocks By Volume
| Security | Close Price | Number of Trades | Daily Volume |
| STERLINGNG | 5.25 | 184 | 119,348,978 |
| ELLAHLAKES | 3.67 | 60 | 91,595,322 |
| ACCESSCORP | 24.65 | 698 | 54,540,160 |
| FIDELITYBK | 14.90 | 291 | 25,777,769 |
| GTCO | 53.60 | 270 | 22,460,289 |
| UBA | 31.00 | 661 | 19,865,763 |
| OANDO | 69.95 | 959 | 19,755,661 |
Top 7 Traded Stocks By Value
| Security | Close Price | Number of Trades | Daily Value |
| ARADEL | 485.30 | 495 | 1,431,983,576.70 |
| OANDO | 69.95 | 959 | 1,386,266,382.45 |
| ACCESSCORP | 24.65 | 698 | 1,342,017,261.75 |
| GTCO | 53.60 | 270 | 1,197,866,982.95 |
| UBA | 31.00 | 661 | 630,422,226.00 |
| STERLINGNG | 5.25 | 184 | 620,527,105.42 |
| FIDELITYBK | 14.90 | 291 | 387,551,507.25 |
OUTLOOK
The Nigerian equities market closed negative to end this week’s trading, this could be attributed to Investors’ sell-offs. However, we foresee mixed performance in the week ahead as companies continue to release their Q3 financial results.
