Trading activities in the Nigerian Equities Market closed positive today, Friday (01/09/2023) by 1.47% as the NGX-ASI increased to 67,527.19 from 66,548.99 recorded at the close of the previous trading day; indicating a YTD return of +31.76%. The market performance for the week increased by 3.00% to 65,558.91 from 66,151.38 recorded at the beginning of the week (28/08/2023).
Similarly, the market capitalization increased today by N535 billion to N36.958 trillion from N36.423 trillion recorded at the close of the previous trading day, while the market turnover by value decreased to N6.92 billion from N7.18 billion recorded at the close of the previous trading day.
The market breadth was positive at 3.1X as 41 stocks advanced and 13 stocks declined, while 66 stocks remained unchanged. DANGSUGAR and 2 others topped the gainers’ list with +10.00% , while PRESTIGE declined by -8.70% to lead the losers’ chart.
TRANSCORP recorded the highest volume while DANGCEM was the highest value for the day.
Read: NGX Price List for Friday, 1st September 2023
MARKET STATISTICS
| CAP | N36,958,108,443,715.12 | One Day (ASI CHG) | +1.47% |
| Index | 67,527.19 | One Week (ASI CHG) | +3.00% |
| Volume | 503,747,954 | One Month (ASI CHG) | -5.00% |
| Value | N6,915,485,796.05 | Six Months (ASI CHG) | +21.61% |
| Deals | 7,606 | 52 Weeks (ASI CHG) | +35.35% |
| Gainers | 41 | Losers | 13 |
| Unchanged | 66 | Total | 120 |
| YTD Returns | +31.76% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 1.47 |
| NGX30 | 1.71 |
| NGXBNK | 4.69 |
| NGXCNSMRGDS | 1.46 |
| NGXINDUSTR | 1.63 |
| NGXINS | 1.68 |
| NGXLOTUSISLM | 0.95 |
| NGXOILGAS | 0.07 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| DANGSUGAR | 55.00 | 60.50 | 5.50 | 10.00 |
| LASACO | 1.80 | 1.98 | 0.18 | 10.00 |
| TANTALIZER | 0.30 | 0.33 | 0.03 | 10.00 |
| NASCON | 50.55 | 55.60 | 5.05 | 9.99 |
| NAHCO | 23.60 | 25.95 | 2.35 | 9.96 |
| FIDELITYBK | 7.05 | 7.75 | 0.70 | 9.93 |
| TRANSCORP | 6.07 | 6.67 | 0.60 | 9.88 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Change Price | %Change |
| PRESTIGE | 0.46 | 0.42 | -0.04 | -8.70 |
| GLAXOSMITH | 13.90 | 13.00 | -0.90 | -6.47 |
| HONYFLOUR | 3.40 | 3.20 | -0.20 | -5.88 |
| CHAMPION | 3.50 | 3.30 | -0.20 | -5.71 |
| MAYBAKER | 5.10 | 4.85 | -0.25 | -4.90 |
| WAPIC | 0.62 | 0.60 | -0.02 | -3.23 |
| NPFMCRFBK | 1.86 | 1.81 | -0.05 | -2.69 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Daily Volume |
| TRANSCORP | 6.67 | 636 | 83,312,484 |
| FIDELITYBK | 7.75 | 461 | 58,332,590 |
| ACCESSCORP | 17.20 | 424 | 34,545,018 |
| STERLINGNG | 3.52 | 188 | 31,434,004 |
| JAIZBANK | 1.53 | 168 | 21,214,588 |
| OMATEK | 0.46 | 87 | 20,952,657 |
| ZENITHBANK | 34.40 | 376 | 19,740,554 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Daily Value |
| DANGCEM | 369.80 | 228 | 1,549,297,866.30 |
| ZENITHBANK | 34.40 | 376 | 660,218,481.25 |
| ACCESSCORP | 17.20 | 424 | 588,163,505.00 |
| DANGSUGAR | 60.50 | 458 | 542,261,257.95 |
| TRANSCORP | 6.67 | 636 | 541,814,954.82 |
| FIDELITYBK | 7.75 | 461 | 449,245,523.00 |
| NASCON | 55.60 | 204 | 363,147,253.45 |
OUTLOOK
The Nigerian Equities market recorded an all time ASI high value today as trading closes positive for the week. The trading performance further showed the belief of investors in the market as more stocks were traded this week compared to previous weeks. We expect this trend to be maintained in the coming week as positive dynamics in the market continue to heighten Investors trust in the market.
