Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 591.01Million shares were traded in 6,987deals, amounting to a market value of N24,845Billion. Compared with the previous trading day (Monday October 21), today’s data shows a 46% increase in volume, a 10% decrease in value and a 16% decrease in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN59.90trillion, while the All-Share Index (ASI) closed at 98,892.58Basis points, increase 197.78Basis Points, representing a 0.20% increase, and a YTD increase of 31.85% as against the previous trading day’s close of 98,694.80Basis points.

Cumulatively, 121 equities participated in trading, ending with 23 gainers and 15 losers. Transcorp Hotels led the gainers with 9.28% share price appreciation closing at NGN 106.00 per share, followed by Wapic Insurance (+9.09%), UPDC (+6.9%) and Universal Insurance Company (+5.88%). On the losing side, John Holt came out last with an end-of-day price depreciation of 9.84% at NGN 2.75 per share, followed by Tantalizers (-9.84%), Dangote Sugar Refinery (-8.82%) and Regency Alliance Insurance (-7.14%). Champion Breweries recorded the highest volume of 255 million traded shares, followed by Japaul Gold and Ventures (109m), United Bank for Africa (45m) and FCMB Group (19.2m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

TRANSCOHOT

N 97.00

N 106.00

9.00

9.28 %

WAPIC

N 0.88

N 0.96

0.08

9.09 %

UPDC

N 1.45

N 1.55

0.10

6.90 %

UNIVINSURE

N 0.34

N 0.36

0.02

5.88 %

ABCTRANS

N 1.29

N 1.35

0.06

4.65 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

JOHNHOLT

N 3.05

N 2.75

-0.30

-9.84 %

TANTALIZER

N 0.61

N 0.55

-0.06

-9.84 %

DANGSUGAR

N 34.00

N 31.00

-3.00

-8.82 %

REGALINS

N 0.56

N 0.52

-0.04

-7.14 %

HONYFLOUR

N 4.65

N 4.38

-0.27

-5.81 %

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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