Equity Market Sustains Bearish Trend With N148bn Loss.

Trading activities in the Nigerian Equities market closed negative at the end of today, Thursday (14/11/2024), as the NGX-ASI decreased to 97,233.07 from 97,477.80 recorded at the close of the previous trading day, indicating a YTD return of +30.04%.

Similarly, the market capitalization decreased by N148 billion to 58.918 trillion from N59.066trillion recorded at the previous trading day’s close. The market turnover however increased to N7.861 billion from N7.510 billion.

The market breadth was negative at 2.21X as 31 stocks advanced and 14 stocks declined, while 72 stocks remained unchanged. FLOURMILL topped the gainers’ list with 10.00%, while ABBEYBDS declined by -9.77% to lead the losers’ chart.

ACCESSCORP recorded the highest volume and the highest value for the day.

Read: NGX Price List for Thursday, 14th November 2024

MARKET STATISTICS

CAP₦58,918,810,917,868.71One Day (ASI CHG)-0.19%
Index97,233.07One Week (ASI CHG)+0.32%
Volume291,534,428One Month (ASI CHG)-1.33%
ValueN7,816,902,908.02Six Months (ASI CHG)-0.94%
Deals7,93152 Weeks (ASI CHG)+36.90%
Gainers31Losers 14
Unchanged72Total117
YTD Returns+30.04%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-0.19
NGX30-0.16
NGXBNK+0.53
NGXCNSMRGDS+056
NGXINDUSTR-1.85
NGXINS0.95
NGXLOTUSISLM-0.24
NGXOILGAS-1.31

Top 7 Gainers

 Security  Previous Close(N)  Close Price (N) Change Price (N)%Change 
 FLOURMILL        65.00       71.50         6.5010.00
 JOHNHOLT          6.39         7.02         0.639.86
 INTENEGINS          1.32         1.45         0.139.85
 SUNUASSUR          2.26         2.48         0.229.73
 CONHALLPLC          1.56         1.71         0.159.62
 TANTALIZER          0.63         0.69         0.069.52
 UPL          3.60         3.90         0.308.33

Top 7 Losers

 Security  Previous Close(N) Close Price(N)Change Price(N) %Change 
 ABBEYBDS          2.66         2.40-0.26-9.77
 ABCTRANS          1.27         1.15-0.12-9.45
 CONOIL     260.00    244.00-16.00-6.15
 BUACEMENT        97.80       92.00-5.80-5.93
 CUSTODIAN        12.60       12.00-0.60-4.76
 AIICO          1.21         1.16-0.05-4.13
 ELLAHLAKES          3.65         3.50-0.15-4.11

Top 7 Traded Stocks By Volume

 Security  Close Price (N) Number of Trades  Daily Volume 
 ACCESSCORP        24.70          46660,357,321
 UBA        33.00          49717,926,208
 ZENITHBANK        43.00          34416,222,893
 OANDO        60.00          69315,621,037
 UCAP        17.70          48715,432,566
 STERLINGNG          4.87            7111,802,414
 ELLAHLAKES          3.50          176 11,670,040

Top 7 Traded Stocks By Value

 Security  Close Price(N) Number of Trades  Daily Value 
 ACCESSCORP        24.70          4661,502,014,739.45
 OANDO        60.00          693950,403,767.15
 ARADEL     533.80          392838,156,218.00
 ZENITHBANK        43.00          344695,440,471.95
 CONOIL     244.00          112 603,968,362.20
 UBA        33.00          497 594,499,451.90
 GTCO        54.50          190404,237,197.60

OUTLOOK

The Equities Market closed negative at the end of today’s trading. The dip in the trading activities could be attributed to continuous profit taking by investors . We are anticipating mixed sentiment in the remaining day of the week.

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