Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 304.43Million shares were traded in 6,950deals, amounting to a market value of N5.599Billion. Compared with the previous trading day (Thursday October 10), today’s data shows a 10% increase in volume, a 20% increase in value and a 2% decrease in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN56.09trillion, while the All-Share Index (ASI) closed at 97,606.63Basis points, increase 129.44Basis Points, representing a 0.13% increase, and a YTD increase of 30.82% as against the previous trading day’s close of 97,477.19Basis points.
Cumulatively, 121 equities participated in trading, ending with 31 gainers and 19 losers. Sterling Bank led the gainers with 9.45% share price appreciation closing at NGN 4.98 per share, followed by Consolidated Hallmark Holdings (+9.45%), MeCure Industries (+9.19%) and Regency Alliance Insurance (+9.09%). On the losing side, Deap Capital Management & Trust came out last with an end-of-day price depreciation of 9.93% at NGN 1.36 per share, followed by N.E.M. Insurance Company (-9.71%), Daar Communications (-9.52%) and Tantalizers (-9.09%). Access Holdings recorded the highest volume of 68.3 million traded shares, followed by Fidelity Bank (43.2m), United Bank for Africa (25.4m) and Zenith Bank (19.7m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

STERLINGNG

N 4.55

N 4.98

0.43

9.45 %

CONHALLPLC

N 1.27

N 1.39

0.12

9.45 %

MECURE

N 9.25

N 10.10

0.85

9.19 %

REGALINS

N 0.66

N 0.72

0.06

9.09 %

FIDSON

N 13.95

N 15.10

1.15

8.24 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

DEAPCAP

N 1.51

N 1.36

-0.15

-9.93 %

NEM

N 8.75

N 7.90

-0.85

-9.71 %

DAARCOMM

N 0.63

N 0.57

-0.06

-9.52 %

TANTALIZER

N 0.66

N 0.60

-0.06

-9.09 %

DANGSUGAR

N 32.00

N 31.00

-1.00

-3.13 %

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

OTHER MARKET NEWS…

***ALL NGX MARKET INFORMATION ARE COURTESY OF Nigerian Exchange Ltd © Valmon Securities Limited Research Department 2023.

Leave a Reply

Your email address will not be published. Required fields are marked *