Trading activities in the Nigerian Equities Market closed positive today, Wednesday (6/03/2024) by 0.40% as the NGX-ASI increased to 99,591.64 from 99,190.46 recorded at the close of the previous trading day; indicating a YTD return of +33.19%.
Similarly, the market capitalization increased today by N226.83 billion to N56.310 billion from N56.083 trillion recorded at the close of the previous trading day, conversely, the market turnover decreased to N19.508 billion from N31.789 billion.
The market breadth was negative at 0.62X as 18 stocks advanced and 29 stocks declined, while 72 stocks remained unchanged. TRANSPOWER topped the gainers’ list with +9.99%, while IKEJAHOTEL declined by -10.00% to lead the losers’ chart.
TRANSCORP recorded the highest volume while TRANSPOWER recorded the highest value for the day.
Read: NGX Price List for Wednesday, 6th March 2024
MARKET STATISTICS
| CAP | N56,310,088,332,357.99 | One Day (ASI CHG) | 0.40% |
| Index | 99,591.64 | One Week (ASI CHG) | 0.33% |
| Volume | 416,477,831 | One Month (ASI CHG) | -2.46% |
| Value | N19,508,267,277.95 | Six Months (ASI CHG) | 45.84% |
| Deals | 9,338 | 52 Weeks (ASI CHG) | 79.11% |
| Gainers | 18 | Losers | 29 |
| Unchanged | 72 | Total | 119 |
| YTD Returns | +33.19% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.40 |
| NGX30 | 0.23 |
| NGXBNK | 0.24 |
| NGXCNSMRGDS | -0.83 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.15 |
| NGXLOTUSISLM | -0.16 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N | Price Change | %Change |
| TRANSPOWER | 290.40 | 319.40 | 29.00 | 9.99 |
| TRANSCORP | 17.27 | 18.99 | 1.72 | 9.96 |
| FBNH | 31.15 | 34.25 | 3.10 | 9.95 |
| AFRIPRUD | 6.85 | 7.50 | 0.65 | 9.49 |
| CILEASING | 3.48 | 3.81 | 0.33 | 9.48 |
| DEAPCAP | 0.53 | 0.58 | 0.05 | 9.43 |
| INTENEGINS | 1.39 | 1.52 | 0.13 | 9.35 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| IKEJAHOTEL | 7.50 | 6.75 | -0.75 | -10.00 |
| TANTALIZER | 0.40 | 0.36 | -0.04 | -10.00 |
| NASCON | 48.15 | 43.35 | -4.80 | -9.97 |
| ETI | 24.10 | 21.70 | -2.40 | -9.96 |
| LIVESTOCK | 1.63 | 1.47 | -0.16 | -9.82 |
| DAARCOMM | 0.86 | 0.78 | -0.08 | -9.30 |
| ELLAHLAKES | 3.00 | 2.75 | -0.25 | -8.33 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| TRANSCORP | 18.99 | 349 | 67,339,259 |
| FBNH | 34.25 | 441 | 47,685,449 |
| GTCO | 41.35 | 441 | 37,470,249 |
| TRANSPOWER | 319.40 | 708 | 36,892,652 |
| UBA | 22.00 | 643 | 29,783,165 |
| JAIZBANK | 2.10 | 226 | 29,115,638 |
| FIDELITYBK | 10.45 | 289 | 18,964,603 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| TRANSPOWER | 319.4 | 708 | 11,783,513,048.80 |
| GTCO | 41.35 | 441 | 1,555,453,728.35 |
| FBNH | 34.25 | 441 | 1,547,897,310.40 |
| TRANSCORP | 18.99 | 349 | 1,278,772,528.41 |
| UBA | 22.00 | 643 | 660,452,185.65 |
| ZENITHBANK | 34.00 | 564 | 582,133,015.80 |
| DANGSUGAR | 46.00 | 480 | 317,451,318.20 |
OUTLOOK
Market’s sentiment remains in the green as the equities market continues to gain. Thus, as bargain hunting continues, we expect the market to close the week’s treading in the positive direction.
