Trading activities in the Nigerian Equities Market closed positive today, Wednesday (03/01/2024) by 2.04% as the NGX-ASI increased to 77,537.57 from 75,990.88 recorded at the close of the previous trading day; indicating a YTD return of +3.71%.
Similarly, the market capitalization increased today by N846.38 billion to N42.429 trillion from N41.583 trillion recorded at the close of the previous trading day, While the market turnover increased to N10.691billion from N5.573 billion.
The market breadth was positive at 10.86X as 76 stocks advanced and 7 stocks declined, while 33 stocks remained unchanged. DANGSUGAR topped the gainers’ list with +10.00%, while LEARNAFRCA declined by -9.09% to lead the losers’ chart.
FIDELITYBK recorded the highest volume while UBA recorded the highest value for the day.
Read: NGX Price List for Wednesday, 3rd January 2024
MARKET STATISTICS
| CAP | N42,429,858,656,931.74 | One Day (ASI CHG) | +2.04% |
| Index | 77,537.57 | One Week (ASI CHG) | +5.12% |
| Volume | 927,558,142 | One Month (ASI CHG) | +8.78% |
| Value | N10,691,062,576.55 | Six Months (ASI CHG) | +29.01% |
| Deals | 11,629 | 52 Weeks (ASI CHG) | +50.30% |
| Gainers | 76 | Losers | 7 |
| Unchanged | 33 | Total | 116 |
| YTD Returns | +3.71% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 2.04 |
| NGX30 | 2.04 |
| NGXBNK | 6.66 |
| NGXCNSMRGDS | 2.42 |
| NGXINDUSTR | 0.31 |
| NGXINS | 5.50 |
| NGXLOTUSISLM | 1.19 |
| NGXOILGAS | 1.89 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| DANGSUGAR | 57.50 | 63.25 | 5.75 | 10.00 |
| BERGER | 13.00 | 14.30 | 1.30 | 10.00 |
| CUSTODIAN | 9.00 | 9.90 | 0.90 | 10.00 |
| FCMB | 7.50 | 8.25 | 0.75 | 10.00 |
| IKEJAHOTEL | 6.60 | 7.26 | 0.66 | 10.00 |
| MORISON | 2.80 | 3.08 | 0.28 | 10.00 |
| CORNERST | 1.50 | 1.65 | 0.15 | 10.00 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| LEARNAFRCA | 3.19 | 2.90 | -0.29 | -9.09 |
| CHAMPION | 4.10 | 3.80 | -0.30 | -7.32 |
| CILEASING | 5.15 | 5.03 | -0.12 | -2.33 |
| NGXGROUP | 23.50 | 23.10 | -0.40 | -1.70 |
| ELLAHLAKES | 3.05 | 3.00 | -0.05 | -1.64 |
| CADBURY | 17.10 | 16.90 | -0.20 | -1.17 |
| MANSARD | 5.50 | 5.45 | -0.05 | -0.91 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| FIDELITYBK | 12.50 | 473 | 108,112,717 |
| FCMB | 8.25 | 440 | 79,062,582 |
| UBA | 28.60 | 634 | 55,503,512 |
| UNIVINSURE | 0.28 | 78 | 50,597,417 |
| ACCESSCORP | 25.90 | 550 | 46,872,240 |
| JAIZBANK | 2.14 | 311 | 42,988,708 |
| STERLINGNG | 4.78 | 143 | 41,636,435 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| UBA | 28.60 | 634 | 1,544,468,143.20 |
| FIDELITYBK | 12.50 | 473 | 1,312,341,957.75 |
| ACCESSCORP | 25.90 | 550 | 1,184,465,258.30 |
| ZENITHBANK | 40.65 | 530 | 832,841,145.35 |
| FCMB | 8.25 | 440 | 644,032,418.10 |
| OANDO | 11.90 | 477 | 428,343,868.20 |
| FBNH | 25.60 | 244 | 399,380,343.80 |
OUTLOOK
The Equities market closed it’s second consecutive trading day with positive sentiment. As investors continue to focus on maximizing returns, and a step toward ensuring sustainable profitability, we expect this trend to continue throughout the remaining days of the week.
