Equities Market Extends Loss By 0.13%

Trading activities in the Nigerian Equities Market closed negative today, Wednesday (15/05/2024) by 0.13% as the NGX-ASI decreased to 97,343.42 from 97,473.98 recorded at the close of the previous trading day; indicating a YTD return of +30.18%

Similarly, the market capitalization decreased by N73.85 billion to N55,058.39 trillion from N55.132 trillion recorded at the close of the previous trading day, while the market turnover increased to N7.142 billion from N5.813 billion.

The market breadth was negative at 0.45X as 13 stocks advanced and 29 stocks declined, while 78 stocks remained unchanged.  CUSTODIAN topped the gainers’ list with +9.63%, while FTNCOCOA declined by -10.00% to lead the losers’ chart.

GTCO recorded the highest volume and value for the day.

Read: NGX Price List for Wednesday, 15th May 2024

MARKET STATISTICS

CAPN55,058,387,461,209.24One Day (ASI CHG)-0.13%
Index97,343.42One Week (ASI CHG)-0.90%
Volume355,554,348One Month (ASI CHG)-4.36%
ValueN7,142,968,808.26Six Months (ASI CHG)37.08%
Deals7,33352 Weeks (ASI CHG)86.81%
Gainers13Losers29
Unchanged78Total120
YTD Returns+30.18%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-0.13
NGX30-0.08
NGXBNK-1.67
NGXCNSMRGDS-0.20
NGXINDUSTR0.00
NGXINS-0.43
NGXLOTUSISLM0.04
NGXOILGAS0.00

Top 7 Gainers

 Security  Previous Close(N) Close Price (N) Price Change (N) % Change 
 CUSTODIAN  9.3510.250.909.63
 INTENEGINS 1.401.530.139.29
 SOVRENINS 0.380.410.037.89
 NPFMCRFBK 1.831.960.137.10
 CHAMPION 3.113.300.196.11
 UPDCREIT 4.504.700.204.44
 ACADEMY 1.952.030.084.10

Top 7 Losers

SecurityPrevious Close(N)Close Price (N)Price Change (N)% Change
FTNCOCOA1.601.44-0.16-10.00
PZ22.5020.25-2.25-10.00
STERLINGNG4.454.01-0.44-9.89
UACN14.8513.40-1.45-9.76
NGXGROUP24.7522.40-2.35-9.49
PRESTIGE0.560.51-0.05-8.93
DAARCOMM0.690.63-0.06-8.70

Top 7 Traded Stocks By Volume

SecurityClose Price (N)Number of TradesDaily Volume
GTCO42.2554471,872,057
ACCESSCORP17.2065324,167,477
TANTALIZER0.5521421,304,827
PRESTIGE0.515917,535,647
UBA22.0044215,364,255
ROYALEX0.504613,824,775
AIICO1.007712,645,922

Top 7 Traded Stocks By Value

SecurityClose Price (N)Number of TradesDaily Value (N) 
GTCO42.255443,037,701,676.90
MTNN224287831,342,522.40
ACCESSCORP17.2653416,726,611.60
UBA22442345,693,355.15
STANBIC5283261,883,416.10
ZENITHBANK33.3476 248,544,240.45
SEPLAT2962.377234,956,052.90

OUTLOOK

The bearish trading pattern maintained its grip on the Equities market with loss of N73.85bn amid selloff. We perceive this trend may continue in the remaining days of the week.

Leave a Reply