Equities Market Extends Loss By 0.52% For The Week.

Trading activities in the Nigerian Equities Market closed negative today, Friday (24/05/2024) by 0.37% as the NGX-ASI decreased to 97,612.51 from 97,978.02 recorded at the close of the previous trading day; indicating a YTD return of +30.54%

The market performance for the week decreased by 0.52% to 97,612.51 from 98,125.73 recorded at the beginning of the week.

Similarly, the market capitalization decreased by N206.62 billion to 55.217 trillion from N55.424 trillion recorded at the close of the previous trading day, while the market turnover increased to N15.742 billion from N7.700 billion.

The market breadth was negative at 0.84X as 16 stocks advanced and 19 stocks declined, while 84 stocks remained unchanged.  INTENEGINS topped the gainers’ list with +9.93%, while PZ declined by -10.00% to lead the losers’ chart.

ETI recorded the highest volume and value for the day.

Read: NGX Price List for Friday, 24th May 2024

MARKET STATISTICS

CAPN55,217,528,582,402.38One Day (ASI CHG)-0.37%
Index97,612.51One Week (ASI CHG)-0.52%
Volume769,094,477One Month (ASI CHG)-0.52%
ValueN15,742,733,756.41Six Months (ASI CHG)+37.04%
Deals7,58552 Weeks (ASI CHG)+84.27%
Gainers16Losers19
Unchanged84Total119
YTD Returns+30.54%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI-0.37
NGX30-0.44
NGXBNK-2.78
NGXCNSMRGDS-0.42
NGXINDUSTR 0.01
NGXINS-0.31
NGXLOTUSISLM 0.22
NGXOILGAS 0.00

Top 7 Gainers

Security 

 Previous Close(N) 

 Close Price(N) 

Price Change(N) 

 % Change

INTENEGINS1.411.550.149.93
CUTIX3.053.350.309.84
JAIZBANK2.002.160.168.00
SOVRENINS0.390.420.037.69
JAPAULGOLD1.741.870.137.47
UPL2.152.300.156.98
PRESTIGE0.530.560.035.66

Top 7 Losers

Security 

 Previous Close(N) 

 Close Price(N) 

Price Change(N) 

 % Change

PZ22.0019.80-2.20-10.00
ETI24.0521.65-2.40-9.98
FBNH22.5520.45-2.10-9.31
CONHALLPLC1.381.26-0.12-8.70
INTBREW3.993.65-0.34-8.52
OMATEK0.660.62-0.04-6.06
ELLAHLAKES3.183.01-0.17-5.35

Top 7 Traded Stocks By Volume

Security 

Close Price(N) 

Number of Trades 

Volume

ETI21.6542554,972,918
UBA19.2081738,932,832
ZENITHBANK30.0061624,485,336
FBNH20.4548020,474,778
ACCESSCORP16.4061215,523,036
TRANSCORP10.5032713,241,479
WEMABANK6.702019,684,703

Top 7 Traded Stocks By Value

Security 

Close Price(N) 

Number of Trades 

Value(N)

ETI21.654212,015,166,877.00
UBA19.20817743,993,726.85
ZENITHBANK30.00616738,323,165.05
FBNH20.45480420,931,861.25
SEPLAT3000.0065291,127,114.60
GTCO37.30267263,443,265.75
ACCESSCORP16.40612254,887,727.70

OUTLOOK

The Nigerian Equity market closed negative for the week. This is as a result of the increased profit taking by investors observed in the market. However, It is projected that more mixed sentiments would be observed in the week ahead.

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