Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 283.74Million shares were traded in 7,966deals, amounting to a market value of N8.291Billion. Compared with the previous trading day (Tuesday October 22), today’s data shows a 52% decrease in volume, a 67% decrease in value and a 14% increase in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN60.00trillion, while the All-Share Index (ASI) closed at 98,944.42Basis points, increase 51.84Basis Points, representing a 0.05% increase, and a YTD increase of 31.85% as against the previous trading day’s close of 98,892.58Basis points.
Cumulatively, 122 NGX listed equities participated in trading, ending with 31 gainers and 16 losers. Oando led the gainers with 10% share price appreciation closing at NGN 89.65 per share, followed by Unilever Nigeria (+10%), Eunisell Interlinked (+10%) and McNichols (+9.79%). On the losing side, Aradel Holdings came out last with an end-of-day price depreciation of 9.99% at NGN 562.90 per share, followed by Northern Nigeria Flour Mills (-9.93%), Consolidated Hallmark Holdings (-6.12%) and UPDC (-5.81%). United Bank for Africa recorded the highest volume of 66 million traded shares, followed by Nigerian Breweries (37.4m), Access Holdings (17.6m) and Oando (17.1m).
 

ADVANCERS

                              Top Gainers

OANDO

89.65

+10.00%

UNILEVER

20.90

+10.00%

EUNISELL

3.19

+10.00%

MCNICHOLS

1.57

+9.79%

REGALINS

0.57

+9.62%

OMATEK

0.67

+8.06%

DECLINERS

                                   Bottom Losers

ARADEL

562.90

-9.99%

NNFM

34.00

-9.93%

CONHALLPLC

1.38

-6.12%

UPDC

1.46

-5.81%

ELLAHLAKES

4.00

-4.31%

VERITASKAP

1.51

-3.82%

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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