Trading activities in the Nigerian Equities market closed positive at the end of today Friday (06/12/2024), as the NGX-ASI increased to 98,210.75 from 98,114.11 recorded at the close of the previous trading day, indicating a YTD return of +31.34%.
The market performance for the week increased by 0.72% to 98,210.75 from 97,506.87 recorded at the beginning of the week.
Similarly, the market capitalization increased by 58.59 billion to N59.534 trillion from N59.475 trillion recorded at the previous trading day’s close. Likewise, the market turnover increased to N17.462 billion from N12.840 billion.
The market breadth was positive at 1.35X as 27 stocks advanced and 20 stocks declined, while 74 stocks remained unchanged. GOLDBREW topped the gainers’ list with 9.98%, while ETERNA declined by -4.62% to lead the losers’ chart.
WEMABANK recorded the highest volume and value for the day.
Read: NGX Price List for Friday, 6th December 2024
MARKET STATISTICS
| CAP | N59,534,115,056,943.32 | One Day (ASI CHG) | +0.10% |
| Index | 98,210.75 | One Week (ASI CHG) | +0.72% |
| Volume | 1,040,986,631 | One Month (ASI CHG) | +1.12% |
| Value | N17,462,281,818.00 | Six Months (ASI CHG) | -1.02% |
| Deals | 7,220 | 52 Weeks (ASI CHG) | +37.28% |
| Gainers | 27 | Losers | 20 |
| Unchanged | 74 | Total | 121 |
| YTD Returns | +31.34% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.10 |
| NGX30 | 0.10 |
| NGXBNK | 0.73 |
| NGXCNSMRGDS | -0.16 |
| NGXINDUSTR | 0.04 |
| NGXINS | 0.55 |
| NGXLOTUSISLM | -0.03 |
| NGXOILGAS | 0.17 |
Top 7 Gainers
| Security | Previous Close (N) | Close Price (N) | Price Change (N) | % Change |
| GOLDBREW | 4.91 | 5.40 | 0.49 | 9.98 |
| JAPAULGOLD | 2.15 | 2.35 | 0.20 | 9.30 |
| SUNUASSUR | 4.63 | 5.05 | 0.42 | 9.07 |
| NSLTECH | 0.65 | 0.70 | 0.05 | 7.69 |
| SOVRENINS | 0.78 | 0.84 | 0.06 | 7.69 |
| BETAGLAS | 53.90 | 57.75 | 3.85 | 7.14 |
| AFRIPRUD | 10.20 | 10.80 | 0.60 | 5.88 |
Top 7 Losers
| Security | Previous Close (N) | Close Price (N) | Price Change (N) | % Change |
| ETERNA | 23.80 | 22.70 | -1.10 | -4.62 |
| STERLINGNG | 4.85 | 4.65 | -0.20 | -4.12 |
| CONHALLPLC | 2.60 | 2.50 | -0.10 | -3.85 |
| PRESTIGE | 0.78 | 0.75 | -0.03 | -3.85 |
| CHAMPION | 4.00 | 3.86 | -0.14 | -3.50 |
| TANTALIZER | 1.25 | 1.21 | -0.04 | -3.20 |
| CORNERST | 3.30 | 3.20 | -0.10 | -3.03 |
Top 7 Traded Stocks By Volume
| Security | Close Price (N) | Number of Trades | Daily Volume |
| WEMABANK | 8.65 | 113 | 472,499,882 |
| FIDELITYBK | 16.00 | 222 | 251,533,969 |
| FCMB | 9.00 | 132 | 45,000,086 |
| UBA | 33.95 | 490 | 42,294,235 |
| JAPAULGOLD | 2.35 | 159 | 20,664,547 |
| MTNN | 170.10 | 197 | 16,877,927 |
| ACCESSCORP | 24.80 | 352 | 15,990,395 |
Top 7 Traded Stocks By Value
| Security | Close Price (N) | Number of Trades | Daily Value(N) |
| WEMABANK | 8.65 | 113 | 4,108,364,276.30 |
| FIDELITYBK | 16.00 | 222 | 4,042,028,064.30 |
| MTNN | 170.10 | 197 | 2,871,276,908.90 |
| UBA | 33.95 | 490 | 1,420,252,620.90 |
| TRANSPOWER | 359.90 | 48 | 975,302,532.00 |
| GTCO | 53.20 | 174 | 674,959,566.60 |
| WAPCO | 74.00 | 392 | 466,969,535.05 |
OUTLOOK
The Nigerian Exchange concluded trading for the week on a positive note, driven by a bullish trend. This upbeat momentum is anticipated to influence market dynamics, potentially fueling further growth and enhanced investor interest. Market’s trajectory is predicted to have a mixed sentiment in the week ahead.
