Trading activities in the Nigerian Equities Market closed positive today, Wednesday (15/11/2023) by 0.25% as the NGX-ASI increased to 71,014.34 from 70,840.72 recorded at the close of the previous trading day; indicating a YTD return of +38.56%.
Similarly, the market capitalization increased today by N93.48 billion to N39.05 trillion from N38.96 trillion recorded at the close of the previous trading day, while the market turnover increased to N6.16 billion from N3.37 billion.
The market breadth was positive at 1.95X as 37 stocks advanced and 19 stocks declined, while 60 stocks remained unchanged. OANDO and OMATEK topped the gainers’ list with +10.00%, while SCOA declined by -9.68% to lead the losers’ chart.
OANDO recorded the highest volume, while NESTLE recorded the highest value for the day.
Read: NGX Price List for Wednesday, 15th November 2023
MARKET STATISTICS
| CAP | N39,053,663,216,579.71 | One Day (ASI CHG) | +0.25% |
| Index | 71,014.34 | One Week (ASI CHG) | +0.34% |
| Volume | 297,353,588 | One Month (ASI CHG) | +5.44% |
| Value | N6,161,111,762.29 | Six Months (ASI CHG) | +36.28% |
| Deals | 6,172 | 52 Weeks (ASI CHG) | +62.10% |
| Gainers | 37 | Losers | 19 |
| Unchanged | 60 | Total | 116 |
| YTD Returns | +38.56% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.25 |
| NGX30 | 0.17 |
| NGXBNK | -0.76 |
| NGXCNSMRGDS | 0.13 |
| NGXINDUSTR | 0.81 |
| NGXINS | -0.79 |
| NGXLOTUSISLM | 0.17 |
| NGXOILGAS | 0.01 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| OANDO | 10.50 | 11.55 | 1.05 | 10.00 |
| OMATEK | 0.70 | 0.77 | 0.07 | 10.00 |
| CILEASING | 3.75 | 4.12 | 0.37 | 9.87 |
| MEYER | 2.98 | 3.27 | 0.29 | 9.73 |
| FTNCOCOA | 1.66 | 1.82 | 0.16 | 9.64 |
| PRESTIGE | 0.43 | 0.47 | 0.04 | 9.30 |
| UNIVINSURE | 0.23 | 0.25 | 0.02 | 8.70 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| SCOA | 1.24 | 1.12 | -0.12 | -9.68 |
| SOVRENINS | 0.34 | 0.31 | -0.03 | -8.82 |
| CORNERST | 1.45 | 1.38 | -0.07 | -4.83 |
| CADBURY | 14.40 | 13.80 | -0.60 | -4.17 |
| AIICO | 0.74 | 0.71 | -0.03 | -4.05 |
| CHAMS | 2.07 | 2.02 | -0.05 | -2.42 |
| FIDELITYBK | 9.00 | 8.80 | -0.20 | -2.22 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| OANDO | 11.55 | 374 | 27,967,190 |
| AIICO | 0.71 | 68 | 23,042,689 |
| JAPAULGOLD | 1.9 | 212 | 20,377,419 |
| TRANSCORP | 6.1 | 285 | 14,533,467 |
| CHIPLC | 1.05 | 39 | 14,173,972 |
| FIDELITYBK | 8.8 | 176 | 12,972,204 |
| UBA | 20.75 | 254 | 12,570,416 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| NESTLE | 1050 | 49 | 2,343,830,556.40 |
| MTNN | 240.5 | 252 | 496,407,839.70 |
| GTCO | 37 | 248 | 383,906,155.50 |
| ZENITHBANK | 33.75 | 340 | 353,109,078.65 |
| OANDO | 11.55 | 374 | 315,268,493.30 |
| UBA | 20.75 | 254 | 260,949,174.95 |
| AIRTELAFRI | 1790 | 38 | 217,667,240.60 |
OUTLOOK
The Nigerian Equities market gains to close today’s trading. This positive trading remains promising irrespective of the surge in the October 2023 inflation rate of 27.33%. We foresee trend to continue as investors continued bargain-hunting ahead of dividend qualifying dates for several companies.
