Trading activities in the Nigerian Equities Market closed positive today, Tuesday (28/05/2024) by 0.53% as the NGX-ASI increased to 98,383.04 from 97,863.34 recorded at the close of the previous trading day; indicating a YTD return of +31.57%
Similarly, the market capitalization increased by N294.12 billion to N55.653 trillion from N55.359 trillion recorded at the close of the previous trading day, and the market turnover increased to N6.584 billion from N5.940 billion.
The market breadth was positive at 2.15X as 28 stocks advanced and 13 stocks declined, while 79 stocks remained unchanged. DANGSUGAR topped the gainers’ list with +10.00%, while SOVRENINS declined by -9.52% to lead the losers’ chart.
ABBEYBDS recorded the highest volume and SEPLAT recorded the highest value for the day.
Read: NGX Price List for Tuesday, 28th May 2024
MARKET STATISTICS
| CAP | N55,653,538,927,126.39 | One Day (ASI CHG) | 0.53% |
| Index | 98,383.04 | One Week (ASI CHG) | 0.10% |
| Volume | 559,608,966 | One Month (ASI CHG) | 0.23% |
| Value | N6,584,605,080.79 | Six Months (ASI CHG) | 38.49% |
| Deals | 7,990 | 52 Weeks (ASI CHG) | 76.41% |
| Gainers | 28 | Losers | 13 |
| Unchanged | 79 | Total | 120 |
| YTD Returns | +31.57% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.53 |
| NGX30 | 0.62 |
| NGXBNK | 2.39 |
| NGXCNSMRGDS | 1.11 |
| NGXINDUSTR | -0.20 |
| NGXINS | 0.74 |
| NGXLOTUSISLM | -0.35 |
| NGXOILGAS | 1.88 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| DANGSUGAR | 39.00 | 42.90 | 3.90 | 10.00 |
| NASCON | 33.90 | 37.25 | 3.35 | 9.88 |
| MORISON | 4.05 | 4.45 | 0.40 | 9.88 |
| PZ | 19.80 | 21.70 | 1.90 | 9.60 |
| TRANSCORP | 10.50 | 11.40 | 0.90 | 8.57 |
| CWG | 5.40 | 5.85 | 0.45 | 8.33 |
| NB | 24.85 | 26.90 | 2.05 | 8.25 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | %Change |
| SOVRENINS | 0.42 | 0.38 | -0.04 | -9.52 |
| UNIVINSURE | 0.36 | 0.33 | -0.03 | -8.33 |
| WAPCO | 35.00 | 33.30 | -1.70 | -4.86 |
| AFRIPRUD | 6.95 | 6.65 | -0.30 | -4.32 |
| MBENEFIT | 0.56 | 0.54 | -0.02 | -3.57 |
| LIVESTOCK | 1.62 | 1.59 | -0.03 | -1.85 |
| UPDC | 1.24 | 1.22 | -0.02 | -1.61 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| ABBEYBDS | 2.46 | 8 | 277,527,586 |
| ACCESSCORP | 17.00 | 766 | 81,935,249 |
| FBNH | 22.00 | 360 | 31,509,895 |
| UBA | 21.90 | 785 | 21,980,984 |
| ZENITHBANK | 31.40 | 611 | 13,830,927 |
| FTNCOCOA | 1.11 | 215 | 10,311,638 |
| TRANSCORP | 11.40 | 362 | 9,989,256 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| SEPLAT | 3100.00 | 51 | 1,601,703,617.70 |
| ACCESSCORP | 17.00 | 766 | 1,392,961,249.25 |
| FBNH | 22.00 | 360 | 683,949,507.65 |
| ABBEYBDS | 2.46 | 8 | 682,717,851.56 |
| UBA | 21.90 | 785 | 458,448,606.05 |
| ZENITHBANK | 31.40 | 611 | 429,570,098.50 |
| GTCO | 38.00 | 341 | 207,326,002.10 |
OUTLOOK
Trading session on the Nigerian Exchange closed positive for the day. As the spate of right issues continues and the struggle to meet recapitalization, banking sector posed a gallant stride. We anticipate a better performance in the remaining days of the week.
