Trading activities in the Nigerian Equities Market closed positive today, Friday (10/11/2023) by 0.05% as the NGX-ASI increased to 70,849.38 from 70,819.58 recorded at the close of the previous trading day; indicating a YTD return of +38.24%. The market performance for the week increased by 0.94% to 70,854.18 from 70,479.62 recorded at the beginning of the week.
Similarly, the market capitalization increased today by N16.92 billion to N38.927 trillion from N38.911 trillion recorded at the close of the previous trading day, while the market turnover decreased to N5,56 billion from N16.79 billion.
Today’s market breadth was positive at 2.38X as 31 stocks advanced and 13 stocks declined, while 75 stocks remained unchanged. VFDGROUP topped the gainers’ list with +9.97%, while CAVERTON declined by -09.52% to lead the losers’ chart.
JAPAULGOLD recorded the highest volume and UBA recorded the highest value for the day.
Read: NGX Price List for Friday, 10th November 2023
MARKET STATISTICS
| CAP | N38,927,696,693,551.78 | One Day (ASI CHG) | +0.04% |
| Index | 70,854.18 | One Week (ASI CHG) | +0.93% |
| Volume | 556,702,663 | One Month (ASI CHG) | +5.59% |
| Value | N5,562,290,718.58 | Six Months (ASI CHG) | +35.69% |
| Deals | 6,308 | 52 Weeks (ASI CHG) | +61.22% |
| Gainers | 31 | Losers | 13 |
| Unchanged | 75 | Total | 119 |
| YTD Returns | +38.24% | ||
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | % Change |
| ASI | 0.05 |
| NGX30 | -0.01 |
| NGXBNK | 0.03 |
| NGXCNSMRGDS | 0.05 |
| NGXINDUSTR | 0.00 |
| NGXINS | -0.04 |
| NGXLOTUSISLM | 0.05 |
| NGXOILGAS | 0.86 |
Top 7 Gainers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| VFDGROUP | 184.50 | 202.90 | 18.40 | 9.97 |
| MEYER | 2.47 | 2.71 | 0.24 | 9.72 |
| FCMB | 6.40 | 7.00 | 0.60 | 9.37 |
| REGALINS | 0.32 | 0.35 | 0.03 | 9.37 |
| PZ | 21.05 | 23.00 | 1.95 | 9.26 |
| RTBRISCOE | 0.55 | 0.60 | 0.05 | 9.09 |
| MBENEFIT | 0.48 | 0.52 | 0.04 | 8.33 |
Top 7 Losers
| Security | Previous Close(N) | Close Price(N) | Price Change | % Change |
| CAVERTON | 1.47 | 1.33 | -0.14 | -9.52 |
| ETRANZACT | 7.9 | 7.55 | -0.35 | -4.43 |
| CUTIX | 2.29 | 2.2 | -0.09 | -3.93 |
| FIDELITYBK | 9.5 | 9.15 | -0.35 | -3.68 |
| VERITASKAP | 0.28 | 0.27 | -0.01 | -3.57 |
| CORNERST | 1.55 | 1.5 | -0.05 | -3.23 |
| AIICO | 0.73 | 0.72 | -0.01 | -1.37 |
Top 7 Traded Stocks By Volume
| Security | Close Price(N) | Number of Trades | Volume |
| JAPAULGOLD | 1.98 | 867 | 164,734,305 |
| UNIVINSURE | 0.25 | 24 | 101,372,108 |
| UBA | 20.75 | 413 | 61,545,152 |
| FCMB | 7 | 242 | 39,713,788 |
| FIDELITYBK | 9.15 | 220 | 24,876,030 |
| GTCO | 35.7 | 292 | 24,286,018 |
| TRANSCORP | 6.18 | 174 | 11,880,354 |
Top 7 Traded Stocks By Value
| Security | Close Price(N) | Number of Trades | Value(N) |
| UBA | 20.75 | 413 | 1,275,011,441.90 |
| GTCO | 35.7 | 292 | 871,250,592.45 |
| AIRTELAFRI | 1790 | 32 | 570,514,232.70 |
| ZENITHBANK | 33.05 | 308 | 334,020,467.10 |
| JAPAULGOLD | 1.98 | 867 | 317,720,500.62 |
| NB | 38 | 65 | 292,287,561.00 |
| FCMB | 7 | 242 | 275,056,414.00 |
OUTLOOK
Activities on the Nigerian Exchange (NGX) closed positive for the day and the week. The market performance throughout this week closed in green. This reinforces investors’ belief in the system. Thus, we expect market performance in the week ahead to continue to soar higher as investors continue to focus on bargains amidst improved sentiments.
