Stock Market Extends Positive Momentum By 1.28% ASI.

Trading activities in the Nigerian Equities Market closed positive today, Wednesday (20/12/2023) by 1.28% as the NGX-ASI increased to 73,397.71 from 72,470.10 recorded at the close of the previous trading day; indicating a YTD return of +43.21%.

Similarly, the market capitalization increased today by N507.6 billion to N40.16 trillion from N39.66 trillion recorded at the close of the previous trading day, also the market turnover increased to N12.829 billion from N6.949 billion.

The market breadth was positive at 1.60X as 37 stocks advanced and 23 stocks declined, while 56 stocks remained unchanged. MULTIVERSE topped the gainers’ list with +10.00%, while TANTALIZER declined by -10.00% to lead the losers’ chart.

GTCO recorded the highest volume and value for the day.

Read: NGX Price List for Wednesday, 20th December 2023

MARKET STATISTICS

CAPN40,164,454,614,049.35One Day (ASI CHG)+1.28%
Index73,397.71One Week (ASI CHG)+1.52%
Volume554,644,050One Month (ASI CHG)+3.37%
ValueN12,829,250,316.96Six Months (ASI CHG)+23.96%
Deals7,91052 Weeks (ASI CHG)+48.53%
Gainers37Losers23
Unchanged56Total116
YTD Returns+43.21%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI1.28
NGX301.64
NGXBNK0.75
NGXCNSMRGDS-0.23
NGXINDUSTR0.11
NGXINS0.83
NGXLOTUSISLM1.03
NGXOILGAS0.05

Top 7 Gainers

SecurityPrevious Close(N)Close Price(N)Price Change %Change
MULTIVERSE10.5011.551.0510.00
TRANSCORP7.007.700.7010.00
INFINITY3.413.750.349.97
ETRANZACT5.656.200.559.73
CAVERTON1.761.930.179.66
DAARCOMM0.530.580.059.43
STANBIC59.1064.605.509.31

Top 7 Losers

SecurityPrevious Close(N)Close Price(N)Price Change %Change
TANTALIZER0.500.45-0.05-10.00
THOMASWY2.942.65-0.29-9.86
JULI0.650.59-0.06-9.23
CHAMS1.991.81-0.18-9.05
GUINNESS67.9062.00-5.90-8.69
ETI22.7020.95-1.75-7.71
NEIMETH2.001.86-0.14-7.00

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of Trades Volume
GTCO40.00362               89,454,173
ACCESSCORP22.90483               59,714,827
TRANSCORP7.70484               51,959,490
FCMB7.30180               29,400,296
UBA25.25469               24,829,292
FIDELITYBK10.20277               24,362,878
ZENITHBANK38.50498               24,038,384

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of Trades Value(N)
GTCO40362   3,578,025,491.45
AIRTELAFRI1887.649   2,492,021,551.80
ACCESSCORP22.9483   1,366,896,301.70
ZENITHBANK38.5498       914,186,810.20
UBA25.25469       625,594,082.05
TRANSCORP7.7484       374,570,101.50
WAPCO31.55217       280,709,318.15

OUTLOOK

The Nigerian Equities market continues its impressive run to close positive in today’s trading. The trading performance further shows the belief of investors in the market and it is projected that bull’s dominance will be sustained at the close of trading for the week.

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