Trading activities in the Nigerian Equities Market closed positive today, Thursday (11/01/2024) by 0.70% as the NGX-ASI increased to 82,597.04 from 82,024.38 recorded at the close of the previous trading day; indicating a YTD return of +10.46%.
Similarly, the market capitalization increased today by N313.40 billion to N45.199 trillion from N44.885 trillion recorded at the close of the previous trading day, While the market turnover decreased to N14.414 billion from N25.377 billion.
The market breadth was positive at 2.09X as 46 stocks advanced, 22 stocks declined, while 52 stocks remained unchanged. ROYALEX topped the gainers’ list with +10.00%, while IKEJAHOTEL declined by -9.90% to lead the losers’ chart.
TRANSCORP recorded the highest volume while ZENITHBANK recorded the highest value for the day.
Read: NGX Price List for Thursday, 11th January 2024
MARKET STATISTICS
| CAP | N45,198,505,858,015.90 | One Day (ASI CHG) | +0.70% |
| Index | 82,597.04 | One Week (ASI CHG) | +5.87% |
| Volume | 877,281,187 | One Month (ASI CHG) | +14.24% |
| Value | N14,414,380,762.97 | Six Months (ASI CHG) | +31.63% |
| Deals | 14,919 | 52 Weeks (ASI CHG) | +59.67% |
| Gainers | 46 | Losers | 22 |
| Unchanged | 52 | Total | 120 |
| YTD Returns | +10.46% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | +0.70 |
| NGX30 | +0.72 |
| NGXBNK | +2.73 |
| NGXCNSMRGDS | +0.39 |
| NGXINDUSTR | +0.22 |
| NGXINS | +0.51 |
| NGXLOTUSISLM | +0.30 |
| NGXOILGAS | +0.37 |
Top 7 Gainers
Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| ROYALEX | 0.90 | 0.99 | 0.09 | 10.00 |
| GUINEAINS | 0.40 | 0.44 | 0.04 | 10.00 |
| JBERGER | 51.40 | 56.50 | 5.10 | 9.92 |
| CADBURY | 19.95 | 21.90 | 1.95 | 9.77 |
| ETERNA | 14.50 | 15.90 | 1.40 | 9.66 |
| CHAMPION | 3.43 | 3.75 | 0.32 | 9.33 |
| INTBREW | 4.77 | 5.20 | 0.43 | 9.01 |
Top 7 Losers
Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| IKEJAHOTEL | 8.69 | 7.83 | -0.86 | -9.90 |
| ABBEYBDS | 3.03 | 2.73 | -0.30 | -9.90 |
| CAVERTON | 2.07 | 1.87 | -0.20 | -9.66 |
| DAARCOMM | 0.96 | 0.87 | -0.09 | -9.38 |
| NPFMCRFBK | 2.15 | 1.98 | -0.17 | -7.91 |
| HONYFLOUR | 3.90 | 3.65 | -0.25 | -6.41 |
| WAPIC | 0.85 | 0.80 | -0.05 | -5.88 |
Top 7 Traded Stocks By Volume
Security | Close Price(N) | Number of Trades | Volume |
| TRANSCORP | 13.40 | 1,149 | 74,535,034 |
| STERLINGNG | 6.54 | 489 | 54,323,618 |
| ACCESSCORP | 28.15 | 852 | 54,114,835 |
| AIICO | 1.30 | 369 | 53,904,107 |
| UBA | 30.80 | 836 | 52,273,575 |
| ZENITHBANK | 43.50 | 719 | 45,620,327 |
| FIDELITYBK | 13.40 | 433 | 41,760,966 |
Top 7 Traded Stocks By Value
Security | Close Price(N) | Number of Trades | Value(N) |
| ZENITHBANK | 43.50 | 719 | 1,976,800,859.25 |
| UBA | 30.80 | 836 | 1,573,814,262.90 |
| ACCESSCORP | 28.15 | 852 | 1,505,413,974.20 |
| MTNN | 283.00 | 453 | 963,331,059.00 |
| TRANSCORP | 13.40 | 1,149 | 935,421,148.14 |
| FBNH | 27.55 | 356 | 705,349,278.55 |
| DANGCEM | 350.00 | 187 | 672,464,644.20 |
OUTLOOK
Activities on the Nigerian Exchange (NGX) closed positive for the day to rebound from the decline it recorded the previous day, as major sectors such as Financials, Consumer Goods and Oil and Gas, all posted positive results. We expect mixed sentiment in the local equities market to remain strong as investors await unaudited Q4 2023 numbers.
