Trading activities in the Nigerian Equities Market closed positive today, Wednesday (08/11/2023) by 0.23% as the NGX-ASI increased to70,773.31 from 70,613.60 recorded at the close of the previous trading day; indicating a YTD return of +38.09%.
Similarly, the market capitalization increased today by N87.80 billion to N38.88 trillion from N38.80 trillion recorded at the close of the previous trading day, while the market turnover increased to N9.79 billion from N5.44 billion.
The market breadth was positive at 1.08X as 26 stocks advanced and 24 stocks declined, while 69 stocks remained unchanged.JAPAULGOLD topped the gainers’ list with +9.87%, while CAVERTON declined by -9.87% to lead the losers’ chart.
FBNH recorded the highest volume and value for the day.
Read: NGX Price List for Wednesday, 8th November 2023
MARKET STATISTICS
| CAP | N38,885,401,912,316.14 | One Day (ASI CHG) | +0.23% |
| Index | 70,773.31 | One Week (ASI CHG) | +0.27% |
| Volume | 558,344,682 | One Month (ASI CHG) | +5.47% |
| Value | N9,794,182,853.29 | Six Months (ASI CHG) | +35.68% |
| Deals | 6,401 | 52 Weeks (ASI CHG) | +62.84% |
| Gainers | 26 | Losers | 24 |
| Unchanged | 69 | Total | 119 |
| YTD Returns | +38.09% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.23 |
| NGX30 | 0.21 |
| NGXBNK | 0.26 |
| NGXCNSMRGDS | -0.06 |
| NGXINDUSTR | 0.87 |
| NGXINS | 2.67 |
| NGXLOTUSISLM | 0.29 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| JAPAULGOLD | 1.52 | 1.67 | 0.15 | 9.87 |
| PRESTIGE | 0.41 | 0.45 | 0.04 | 9.76 |
| CORNERST | 1.44 | 1.58 | 0.14 | 9.72 |
| OMATEK | 0.52 | 0.57 | 0.05 | 9.62 |
| RTBRISCOE | 0.47 | 0.51 | 0.04 | 8.51 |
| AIICO | 0.72 | 0.77 | 0.05 | 6.94 |
| NEM | 5.70 | 6.05 | 0.35 | 6.14 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| CAVERTON | 1.52 | 1.37 | -0.15 | -9.87 |
| MEYER | 2.74 | 2.47 | -0.27 | -9.85 |
| SCOA | 1.25 | 1.13 | -0.12 | -9.60 |
| THOMASWY | 4.07 | 3.72 | -0.35 | -8.60 |
| UPDC | 1.21 | 1.11 | -0.10 | -8.26 |
| UNITYBNK | 1.00 | 0.93 | -0.07 | -7.00 |
| UACN | 15.70 | 14.75 | -0.95 | -6.05 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| FBNH | 19.35 | 196 | 209,898,342 |
| UBA | 20.75 | 597 | 53,724,017 |
| UNIVINSURE | 0.24 | 55 | 43,685,132 |
| FIDELITYBK | 9.10 | 241 | 22,253,666 |
| UNITYBNK | 0.93 | 108 | 18,028,760 |
| AIICO | 0.77 | 97 | 16,513,360 |
| CHAMS | 2.11 | 132 | 14,030,571 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| FBNH | 19.35 | 196 | 4,042,755,507.05 |
| AIRTELAFRI | 1790 | 62 | 2,351,689,006.50 |
| UBA | 20.75 | 597 | 1,099,646,366.55 |
| GTCO | 35.7 | 173 | 383,111,874.60 |
| FIDELITYBK | 9.1 | 241 | 203,733,316.20 |
| MTNN | 234 | 279 | 190,775,587.40 |
| DANGSUGAR | 62.2 | 194 | 181,017,818.90 |
OUTLOOK
The Nigerian Equities market gains to close today’s trading. We expect buy-interest to be driven by stocks with good performance in the Q3, 2023 earnings season.
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