Trading activities in the Nigerian Equities Market closed positive today, Friday (05/01/2024) by 2.11% as the NGX-ASI increased to 79,664.66 from 78,020.54 recorded at the close of the previous trading day; indicating a YTD return of +6.54%.
The market performance for the week increased by 6.54% to 79,664.66 from 75,990.88 recorded at the beginning of the week.
Similarly, the market capitalization increased today by N899.68 billion to N43.954 trillion from N42.694 trillion recorded at the close of the previous trading day, While the market turnover increased to N14.328 billion from N11.162 billion.
The market breadth was positive at 2.90X as 58 stocks advanced and 20 stocks declined, while 41 stocks remained unchanged. NAHCO topped the gainers’ list with +10.00%, while MULTIVERSE declined by -9.99% to lead the losers’ chart.
FIDELITYBK recorded the highest volume while NESTLE recorded the highest value for the day.
Read: NGX Price List for Friday, 5th January 2024
MARKET STATISTICS
| CAP | N43,593,834,612,053.23 | One Day (ASI CHG) | +2.11% |
| Index | 79,664.66 | One Week (ASI CHG) | +6.54% |
| Volume | 892,677,030 | One Month (ASI CHG) | +11.48% |
| Value | N14,328,690,780.16 | Six Months (ASI CHG) | +26.37% |
| Deals | 13,019 | 52 Weeks (ASI CHG) | +56.61% |
| Gainers | 58 | Losers | 20 |
| Unchanged | 41 | Total | 119 |
| YTD Returns | +6.54% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 2.11 |
| NGX30 | 2.25 |
| NGXBNK | 3.62 |
| NGXCNSMRGDS | 1.02 |
| NGXINDUSTR | 1.10 |
| NGXINS | 4.39 |
| NGXLOTUSISLM | 2.37 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| NAHCO | 26.00 | 28.60 | 2.60 | 10.00 |
| UPDC | 1.50 | 1.65 | 0.15 | 10.00 |
| TRANSCORP | 11.51 | 12.66 | 1.15 | 9.99 |
| WEMABANK | 6.71 | 7.38 | 0.67 | 9.99 |
| TRANSCOHOT | 77.19 | 84.85 | 7.66 | 9.92 |
| INFINITY | 7.26 | 7.98 | 0.72 | 9.92 |
| STERLINGNG | 5.25 | 5.77 | 0.52 | 9.90 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| MULTIVERSE | 20.22 | 18.20 | -2.02 | -9.99 |
| SCOA | 1.81 | 1.63 | -0.18 | -9.94 |
| ABBEYBDS | 2.94 | 2.65 | -0.29 | -9.86 |
| UPDCREIT | 7.50 | 6.80 | -0.70 | -9.33 |
| WAPIC | 0.78 | 0.71 | -0.07 | -8.97 |
| CHAMPION | 4.00 | 3.66 | -0.34 | -8.50 |
| GUINNESS | 66.00 | 61.00 | -5.00 | -7.58 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| FIDELITYBK | 14.20 | 671 | 92,667,775 |
| TRANSCORP | 12.66 | 260 | 75,430,292 |
| STERLINGNG | 5.77 | 579 | 71,553,913 |
| FCMB | 9.75 | 425 | 56,850,145 |
| UBA | 28.95 | 723 | 45,982,838 |
| JAIZBANK | 2.30 | 411 | 41,266,410 |
| WAPIC | 0.71 | 218 | 36,963,962 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| NESTLE | 1196.00 | 128 | 1,666,822,028.80 |
| UBA | 28.95 | 723 | 1,317,164,397.30 |
| FIDELITYBK | 14.20 | 671 | 1,307,720,845.10 |
| GTCO | 42.50 | 400 | 1,300,202,899.85 |
| TRANSCORP | 12.66 | 260 | 954,947,496.72 |
| ZENITHBANK | 42.00 | 530 | 844,137,839.00 |
| ACCESSCORP | 26.55 | 614 | 750,541,203.15 |
OUTLOOK
The Nigerian Equity market maintains bullish trend to close for the week, which was primarily driven by investors’ buying interest. Investors’ sentiment is projected to further direct the trajectory of the market in the coming week. We anticipate investors sentiments in the local equities market to remain strong in the coming week.
