Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 425.76Million shares were traded in 11,954deals, amounting to a market value of N8.451Billion. Compared with the previous trading day (Monday September 30), today’s data shows a 77% decrease in volume, a 92% decrease in value and a 12% increase in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN56.45trillion, while the All-Share Index (ASI) closed at 98,232.39Basis points, decrease 326.40Basis Points, representing a 0.33% decrease, and a YTD increase of 31.78% as against the previous trading day’s close of 98,558.79Basis points.
Cumulatively, 123 equities participated in trading, ending with 26 gainers and 32 losers. International Breweries led the gainers with 9.98% share price appreciation closing at NGN 4.41 per share, followed by Meyer (+9.94%), Veritas Kapital Assurance (+9.93%) and Tripple Gee & Co. (+9.91%). On the losing side, Ellah Lakes came out last with an end-of-day price depreciation of 9.93% at NGN 3.99 per share, followed by Caverton Offshore Support Group (-9.92%), Associated Bus Company (-9.57%) and Livestock Feeds (-9.03%). United Bank for Africa recorded the highest volume of 108 million traded shares, followed by Zenith Bank (35.2m), Veritas Kapital Assurance (30.6m) and Ellah Lakes (21.6m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

INTBREW

N 4.01

N 4.41

0.40

9.98 %

MEYER

N 7.75

N 8.52

0.77

9.94 %

VERITASKAP

N 1.51

N 1.66

0.15

9.93 %

TRIPPLEG

N 4.54

N 4.99

0.45

9.91 %

DEAPCAP

N 1.22

N 1.34

0.12

9.84 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

ELLAHLAKES

N 4.43

N 3.99

-0.44

-9.93 %

CAVERTON

N 2.42

N 2.18

-0.24

-9.92 %

ABCTRANS

N 1.15

N 1.04

-0.11

-9.57 %

LIVESTOCK

N 2.99

N 2.72

-0.27

-9.03 %

CONHALLPLC

N 1.52

N 1.41

-0.11

-7.24 %

NIGERIAN ECONOMIC INDICES

ECONOMIC INDICATORS

RATE

INFLATION RATE

32.15% as at August , 2024

EXCHANGE RATE

W. A.R./ 1$ vs =N= 1,585.35 at 27/8/2024

MPR

26.75% as at 23/07/2024

FOREIGN RESERVES(GROSS)

$36.55 billion as at 27/8/2024

BONNY LIGHT CRUDE

$87.99 as at 24/8/2023.

GDP Q2 2024

3.19%

 

SOURCE: CBN (Unless Otherwise Stated) ** WAR= Weighted Average Rate on I&E Window

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***ALL NGX MARKET INFORMATION ARE COURTESY OF Nigerian Exchange Ltd © Valmon Securities Limited Research Department 2024.

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