Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 257.55Million shares were traded in 7,776deals, amounting to a market value of N8.993Billion. Compared with the previous trading day (Tuesday October 12), today’s data shows a 10% decrease in volume, a 67% decrease in value and a 19% decrease in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN59.60trillion, while the All-Share Index (ASI) closed at 98,291.53Basis points, decrease 249.40Basis Points, representing a 0.25% decrease, and a YTD increase of 31.49% as against the previous trading day’s close of 98,707.34Basis points.
Cumulatively, 124 NGX listed equities participated in trading, ending with 23 gainers and 23 losers. Deap Capital Management & Trust led the gainers with 10% share price appreciation closing at NGN 1.32 per share, followed by UAC of Nigeria (+9.9%), Dangote Sugar Refinery (+9.69%) and Champion Breweries (+9.65%). On the losing side, Custodian & Allied came out last with an end-of-day price depreciation of 8.98% at NGN 11.65 per share, followed by Okomu Oil Palm (-6.86%), Consolidated Hallmark Holdings (-6.62%) and Aradel Holdings (-5.85%). Fidelity Bank recorded the highest volume of 38.2 million traded shares, followed by United Bank for Africa (33.8m), Guaranty Trust Holding (16.7m) and Champion Breweries (14.4m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

DEAPCAP

N 1.20

N 1.32

0.12

10.00 %

UACN

N 19.70

N 21.65

1.95

9.90 %

DANGSUGAR

N 32.00

N 35.10

3.10

9.69 %

CHAMPION

N 3.42

N 3.75

0.33

9.65 %

DAARCOMM

N 0.54

N 0.59

0.05

9.26 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

CUSTODIAN

N 12.80

N 11.65

-1.15

-8.98 %

OKOMUOIL

N 363.00

N 338.10

-24.90

-6.86 %

CONHALLPLC

N 1.51

N 1.41

-0.10

-6.62 %

ARADEL

N 820.00

N 772.00

-48.00

-5.85 %

MCNICHOLS

N 1.42

N 1.35

-0.07

-4.93 %

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 2023.

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