Stock Market Records Loss As ASI Depreciates By 3.15%

Trading activities in the Nigerian Equities Market closed negative today, Monday (19/02/2024) by 3.15% as the NGX-ASI decreased to 105,722.78 from 105,722.78 recorded at the close of the previous trading day; indicating a YTD return of +36.94%.

Similarly, the market capitalization decreased today by N1,821.93 trillion to N56.028 trillion from N57.850 trillion recorded at the close of the previous trading day, while, the market turnover decreased to N7.439 billion from N8.050 billion.

The market breadth was negative at 0.5X as 18 stocks advanced and 36 stocks declined, while 68 stocks remained unchanged. JULI topped the gainers’ list with +9.52%, while DANGCEM declined by -10.00% to lead the losers’ chart.

GTCO recorded the highest volume and GEREGU recorded the highest value for the day.

Read: NGX Price List for Monday, 19th February 2024

MARKET STATISTICS

CAPN56,028,066,102,956.64One Day (ASI CHG)-3.15%
Index102,393.23One Week (ASI CHG)0.34%
Volume273,851,015One Month (ASI CHG)8.31%
ValueN7,439,487,843.51Six Months (ASI CHG)57.04%
Deals9,68852 Weeks (ASI CHG)88.83%
Gainers18Losers36
Unchanged68Total122
YTD Returns+36.94%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-3.15
NGX30-3.15
NGXBNK-0.26
NGXCNSMRGDS-0.77
NGXINDUSTR-6.02
NGXINS-2.49
NGXLOTUSISLM-3.05
NGXOILGAS-0.28

Top 7 Gainers

SecurityPrevious Close(N)Close Price(N)Change Price%Change
JULI1.471.610.149.52
DAARCOMM0.810.880.078.64
SUNUASSUR1.781.900.126.74
ABCTRANS0.900.960.066.67
NAHCO29.0030.701.705.86
CUTIX2.602.750.155.77
GEREGU901.00950.0049.005.44

Top 7 Losers

SecurityPrevious Close(N)Close Price(N)Change Price%Change
DANGCEM763.00686.70-76.30-10.00
MTNN275.00247.50-27.50-10.00
NGXGROUP24.6022.20-2.40-9.76
NEM7.706.95-0.75-9.74
TANTALIZER0.420.38-0.04-9.52
NB38.0034.55-3.45-9.08
MORISON2.482.27-0.21-8.47

Top 7 Traded Stocks By Volume

SecurityClose Price(N)Number of Trades Volume
GTCO39.00316             28,845,718
TRANSCORP13.80606             20,135,460
ACCESSCORP22.50506             15,900,281
FBNH28.50378             15,865,607
ZENITHBANK35.70482             15,838,526
FIDELITYBK10.70230             12,767,659
TANTALIZER0.3840             10,371,112

Top 7 Traded Stocks By Value

SecurityClose Price(N)Number of Trades  Value (N)
GEREGU950326  1,741,046,778.20
GTCO39316  1,126,451,175.80
AIRTELAFRI220065     746,439,586.20
ZENITHBANK35.7482     568,045,744.60
FBNH28.5378     450,741,800.70
ACCESSCORP22.5506     359,450,344.15
DANGSUGAR67.4390     289,360,540.85

OUTLOOK

Activities on the Nigerian Exchange (NGX) closed negative for the day. This is primarily driven by investors taking profits . We expect mixed sentiment in the remaining days of the week.

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