Sell-Off Pressure Halts Bullish Reign As ASI Declines By 0.76%

Trading activities in the Nigerian Equities Market closed negative today, Thursday (02/11/2023) by 0.76% as the NGX-ASI decreased to 70,042.28 from 70,581.76 recorded at the close of the previous trading day; indicating a YTD return of +36.67%.

Similarly, the market capitalization decreased today by N296.00 billion to N38.48 trillion from N38.78 trillion recorded at the close of the previous trading day, while the market turnover decreased to N6.09 billion from N11.02 billion.

The market breadth was negative at 0.96X as 26 stocks advanced and 27 stocks declined, while 67 stocks remained unchanged. OMATEK topped the gainers’ list with +10.00%, while CHAMS declined by -9.84% to lead the losers’ chart.

JAPAULGOLD recorded the highest volume, while UBA recorded the highest value for the day.

Read: NGX Price List for Thursday, 2nd November 2023

MARKET STATISTICS

CAPN38,481,492,388,432.28One Day (ASI CHG)-0.76%
Index70,042.28One Week (ASI CHG)+4.41%
Volume525,457,392One Month (ASI CHG)+4.90%
ValueN6,088,511,674.36Six Months (ASI CHG)+33.50%
Deals8,39652 Weeks (ASI CHG)+58.17%
Gainers26Losers27
Unchanged67Total120
YTD Returns+36.67%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-0.76
NGX30-0.81
NGXBNK-0.85
NGXCNSMRGDS-0.19
NGXINDUSTR-0.65
NGXINS1.56
NGXLOTUSISLM-0.43
NGXOILGAS0.00

Top 7 Gainers

SecurityPrevious Close(N)Close Price(N) Price Change%Change
OMATEK0.500.550.0510.00
ACADEMY1.731.900.179.83
PRESTIGE0.410.450.049.76
TANTALIZER0.410.450.049.76
DAARCOMM0.230.250.028.70
MBENEFIT0.480.520.048.33
DEAPCAP0.250.270.028.00

Top 7 Losers

SecurityPrevious Close(N)Close Price(N) Price Change%Change
CHAMS2.442.20-0.24-9.84
INTBREW4.554.15-0.40-8.79
RTBRISCOE0.470.43-0.04-8.51
THOMASWY4.043.70-0.34-8.42
FBNH19.6518.05-1.60-8.14
UNIVINSURE0.260.24-0.02-7.69
UNITYBNK1.010.94-0.07-6.93

Top 7 Traded Stocks By Volume

SecurityClose Price (N)Number of Trades     Volume
 JAPAULGOLD          1.30           485          92,015,473
 FIDELITYBK          8.40           347          67,032,589
 UBA        20.95           535          46,312,553
 FCMB          6.20           302          42,616,910
 CHAMS          2.20           387          30,951,310
 ACCESSCORP        17.40           445          24,545,252
 TRANSCORP          6.23           182          14,931,290

Top 7 Traded Stocks By Value

SecurityClose Price (N)Number of Trades     Value(N)
 UBA        20.95           535  971,341,636.50
 MTNN      240.00           265  691,913,290.70
 FIDELITYBK          8.40           347  557,364,675.40
 ZENITHBANK        34.00           403  466,591,276.20
 ACCESSCORP        17.40           445  434,863,744.05
 GTCO        35.00           313  409,663,515.50
 FCMB          6.20           302  262,589,645.90

OUTLOOK

The Nigerian Equities market loses grip of its impressive run after witnessing an all time high record in the value of the index just a day ago, as trading closes negative today. Conversely, the week is expected to end positive.

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