Trading activities in the Nigerian Equities Market closed positive today, Tuesday (03/10/2023) by 0.59% as the NGX-ASI increased to 66,770.97 from 66,382.14 recorded at the close of the previous trading day; indicating a YTD return of +30.28%.
Similarly, the market capitalization increased today by N0.21 billion to N36.54 trillion from N36.33 trillion recorded at the close of the previous trading day, while the market turnover decreased to N3.85 billion from N4.53 billion.
The market breadth was negative at 0.39X as 24 stocks advanced and 62 stocks declined, while 27 stocks remained unchanged. BUACEMENT topped the gainers’ list with +9.94%, while LINKASSURE declined by -10.00% to lead the losers’ chart.
CHIPLC recorded the highest volume, while GTCO recorded the highest value for the day.
Read: NGX Price List for Tuesday, 3rd October 2023
MARKET STATISTICS
| CAP | N36,544,229,030,691.46 | One Day (ASI CHG) | +0.59% |
| Index | 66,770.97 | One Week (ASI CHG) | -0.17% |
| Volume | 364,321,814 | One Month (ASI CHG) | -2.21% |
| Value | N3,851,012,090.01 | Six Months (ASI CHG) | +23.57% |
| Deals | 7,537 | 52 Weeks (ASI CHG) | +36.20% |
| Gainers | 24 | Losers | 62 |
| Unchanged | 27 | Total | 113 |
| YTD Returns | +30.28% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.59 |
| NGX30 | 0.58 |
| NGXBNK | 0.31 |
| NGXCNSMRGDS | -0.41 |
| NGXINDUSTR | 3.53 |
| NGXINS | -1.81 |
| NGXLOTUSISLM | 0.22 |
| NGXOILGAS | 0.00 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| BUACEMENT | 85.50 | 94.00 | 8.50 | 9.94 |
| BETAGLAS | 60.90 | 66.95 | 6.05 | 9.93 |
| FTNCOCOA | 1.51 | 1.66 | 0.15 | 9.93 |
| OANDO | 7.85 | 8.60 | 0.75 | 9.55 |
| UACN | 10.00 | 10.85 | 0.85 | 8.50 |
| RTBRISCOE | 0.49 | 0.53 | 0.04 | 8.16 |
| IKEJAHOTEL | 3.25 | 3.50 | 0.25 | 7.69 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| LINKASSURE | 0.80 | 0.72 | -0.08 | -10.00 |
| CWG | 8.65 | 7.79 | -0.86 | -9.94 |
| REDSTAREX | 2.94 | 2.65 | -0.29 | -9.86 |
| TANTALIZER | 0.32 | 0.29 | -0.03 | -9.38 |
| UPDCREIT | 3.90 | 3.55 | -0.35 | -8.97 |
| GUINEAINS | 0.24 | 0.22 | -0.02 | -8.33 |
| DAARCOMM | 0.25 | 0.23 | -0.02 | -8.00 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| CHIPLC | 1.25 | 155 | 71,536,262 |
| FIDELITYBK | 8.40 | 216 | 33,222,472 |
| OANDO | 8.60 | 277 | 26,190,355 |
| GTCO | 35.20 | 450 | 21,440,567 |
| ACCESSCORP | 16.05 | 465 | 19,916,349 |
| WEMABANK | 4.70 | 296 | 19,751,742 |
| UNIVINSURE | 0.22 | 25 | 18,416,000 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value |
| GTCO | 35.20 | 450 | 752,681,571.90 |
| ZENITHBANK | 31.50 | 489 | 561,216,821.10 |
| ACCESSCORP | 16.05 | 465 | 318,621,976.15 |
| FIDELITYBK | 8.40 | 216 | 272,335,246.25 |
| OANDO | 8.60 | 277 | 219,648,189.95 |
| AIRTELAFRI | 1290.00 | 22 | 168,983,685.10 |
| DANGSUGAR | 54.15 | 300 | 154,750,781.25 |
OUTLOOK
The Nigerian Exchange (NGX) begins the week with a gain from the losses recorded in the previous week. The rebound therefore ended four days of loosing streak as investors continue to focus on fundamentally sound stocks and dividend payments. We expect a continuous positive swing for the rest of the week.
