Trading activities in the Nigerian Equities Market closed negative today, Wednesday (10/01/2024) by 1.40% as the NGX-ASI decreased to 82,024.38 from 83,191.84 recorded at the close of the previous trading day; indicating a YTD return of +9.70%.
Similarly, the market capitalization decreased today by N659.44 billion to N44.885 trillion from N45.524 trillion recorded at the close of the previous trading day, While the market turnover increased to N25.377 billion from N24.682 billion.
The market breadth was negative at 0.20X as 12 stocks advanced 61 stocks declined, while 45 stocks remained unchanged. CADBURY topped the gainers’ list with +9.92%, while CONHALLPLC declined by -10.00% to lead the losers’ chart.
FIDELITYBK recorded the highest volume while UBA recorded the highest value for the day.
Read: NGX Price List for Wednesday, 10th January 2024
MARKET STATISTICS
| CAP | N44,885,115,094,625.11 | One Day (ASI CHG) | -1.40% |
| Index | 82,024.38 | One Week (ASI CHG) | +5.79% |
| Volume | 1,641,281,797 | One Month (ASI CHG) | +14.65% |
| Value | N25,377,806,161.07 | Six Months (ASI CHG) | +28.07% |
| Deals | 20,223 | 52 Weeks (ASI CHG) | +59.44% |
| Gainers | 12 | Losers | 61 |
| Unchanged | 45 | Total | 118 |
| YTD Returns | +9.70% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | -1.40 |
| NGX30 | -1.43 |
| NGXBNK | -7.97 |
| NGXCNSMRGDS | 2.45 |
| NGXINDUSTR | 1.39 |
| NGXINS | -6.12 |
| NGXLOTUSISLM | -0.43 |
| NGXOILGAS | -0.40 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| CADBURY | 18.15 | 19.95 | 1.80 | 9.92 |
| VERITASKAP | 0.41 | 0.45 | 0.04 | 9.76 |
| LINKASSURE | 1.38 | 1.50 | 0.12 | 8.70 |
| TRANSCOHOT | 93.25 | 100.00 | 6.75 | 7.24 |
| PRESTIGE | 0.50 | 0.53 | 0.03 | 6.00 |
| BUAFOODS | 207.90 | 220.00 | 12.10 | 5.82 |
| JAIZBANK | 2.78 | 2.93 | 0.15 | 5.40 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| CONHALLPLC | 1.50 | 1.35 | -0.15 | -10.00 |
| CORNERST | 2.00 | 1.80 | -0.20 | -10.00 |
| FTNCOCOA | 2.20 | 1.98 | -0.22 | -10.00 |
| CAVERTON | 2.30 | 2.07 | -0.23 | -10.00 |
| CHAMS | 2.40 | 2.16 | -0.24 | -10.00 |
| MAYBAKER | 6.10 | 5.49 | -0.61 | -10.00 |
| UBA | 32.60 | 29.35 | -3.25 | -9.97 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| TRANSCORP | 12.87 | 1306 | 117,638,870 |
| ACCESSCORP | 27.85 | 1202 | 116,649,047 |
| STERLINGNG | 6.33 | 857 | 116,294,603 |
| JAIZBANK | 2.93 | 1000 | 100,070,155 |
| AIICO | 1.26 | 633 | 91,790,223 |
| FCMB | 10.55 | 621 | 86,014,384 |
| UBA | 29.35 | 1012 | 79,782,608 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| GTCO | 44.00 | 671 | 3,281,610,640.15 |
| ACCESSCORP | 27.85 | 1202 | 3,258,947,065.30 |
| ZENITHBANK | 42.65 | 882 | 2,461,820,720.95 |
| UBA | 29.35 | 1012 | 2,427,445,308.35 |
| GEREGU | 399.00 | 101 | 1,693,398,097.20 |
| TRANSCORP | 12.87 | 1306 | 1,542,063,744.27 |
| MTNN | 282.00 | 501 | 983,957,920.50 |
OUTLOOK
Activities on the Nigerian Exchange (NGX) closed negative for the day to signify it’s first loss in the new year. We expect mixed sentiment in the local equities market to remain strong as investors await unaudited Q4 2023 numbers.
