Trading activities in the Nigerian Equities Market closed positive today, Tuesday (12/03/2024) by 1.45% as the NGX-ASI increased to 103,524.44 from 102,044.84 recorded at the close of the previous trading day; indicating a YTD return of +38.45%.
Similarly, the market capitalization increased today by N836.59 billion to N58.533 trillion from N57.697 trillion recorded at the close of the previous trading day, While, the market turnover decreased to N14.23 billion from N17.09 billion.
The market breadth was positive at 2.43X as 34 stocks advanced and 14 stocks declined, while 71 stocks remained unchanged. UBA topped the gainers’ list with +10.00%, while TANTALIZER declined by -7.89% to lead the losers’ chart.
TRANSCORP recorded the highest volume while TRANSPOWER recorded the highest value for the day.
Read: NGX Price List for Tuesday, 12th March 2024
MARKET STATISTICS
| CAP | N58,533,735,773,235.03 | One Day (ASI CHG) | 1.45% |
| Index | 103,524.44 | One Week (ASI CHG) | 4.37% |
| Volume | 565,787,524 | One Month (ASI CHG) | 1.45% |
| Value | N14,233,931,300.01 | Six Months (ASI CHG) | 55.07% |
| Deals | 11,519 | 52 Weeks (ASI CHG) | 85.57% |
| Gainers | 34 | Losers | 14 |
| Unchanged | 71 | Total | 119 |
| YTD Returns | +38.45% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 1.45 |
| NGX30 | 1.35 |
| NGXBNK | 5.36 |
| NGXCNSMRGDS | -0.48 |
| NGXINDUSTR | 0.00 |
| NGXINS | 1.18 |
| NGXLOTUSISLM | 0.81 |
| NGXOILGAS | 0.12 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | % Change |
| UBA | 23.00 | 25.30 | 2.30 | 10.00 |
| MTNN | 221.40 | 243.50 | 22.10 | 9.98 |
| JBERGER | 55.60 | 61.00 | 5.40 | 9.71 |
| ACCESSCORP | 20.50 | 22.45 | 1.95 | 9.51 |
| VERITASKAP | 0.64 | 0.70 | 0.06 | 9.38 |
| UNIVINSURE | 0.36 | 0.39 | 0.03 | 8.33 |
| IKEJAHOTEL | 6.65 | 7.20 | 0.55 | 8.27 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | % Change |
| TANTALIZER | 0.38 | 0.35 | -0.03 | -7.89 |
| NASCON | 57.60 | 53.70 | -3.90 | -6.77 |
| MORISON | 1.51 | 1.41 | -0.10 | -6.62 |
| CILEASING | 3.72 | 3.48 | -0.24 | -6.45 |
| CUTIX | 2.70 | 2.53 | -0.17 | -6.30 |
| ELLAHLAKES | 3.29 | 3.10 | -0.19 | -5.78 |
| DANGSUGAR | 61.20 | 58.00 | -3.20 | -5.23 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| TRANSCORP | 17.00 | 999 | 170,717,650 |
| ACCESSCORP | 22.45 | 817 | 48,572,457 |
| GTCO | 43.00 | 449 | 39,034,902 |
| JAIZBANK | 1.90 | 318 | 36,783,823 |
| UBA | 25.30 | 572 | 31,956,638 |
| FBNH | 34.00 | 381 | 21,444,317 |
| UNIVINSURE | 0.39 | 65 | 20,952,067 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| TRANSPOWER | 377.80 | 1,025 | 3,506,696,314.10 |
| TRANSCORP | 17.00 | 999 | 3,134,742,533.40 |
| GTCO | 43.00 | 449 | 1,658,031,371.00 |
| ACCESSCORP | 22.45 | 817 | 1,059,037,538.90 |
| UBA | 25.30 | 572 | 796,235,802.70 |
| FBNH | 34.00 | 381 | 693,464,691.45 |
| ZENITHBANK | 38.20 | 563 | 585,820,801.70 |
OUTLOOK
The equities market continues to gain with market’s sentiment in green. Thus, as bargain hunting continues, we expect the market to maintain this stance for the remaining days of the week.
