Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 460.86Million shares were traded in 8,772deals, amounting to a market value of N9.526Billion. Compared with the previous trading day (Thursday October 24), today’s data shows a 15% increase in volume, a 39% decrease in value and a 5% decrease in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN60.26trillion, while the All-Share Index (ASI) closed at 99,448.91Basis points, increase 258.96Basis Points, representing a 0.26% increase, and a YTD increase of 32.32% as against the previous trading day’s close of 99,189.95Basis points.
Cumulatively, 117 NGX equities participated in trading, ending with 40 gainers and 14 losers. CAP led the gainers with 10% share price appreciation closing at NGN 38.50 per share, followed by Livestock Feeds (+10%), Eunisell Interlinked (+9.72%) and May & Baker Nigeria (+9.56%). On the losing side, Daar Communications came out last with an end-of-day price depreciation of 9.86% at NGN 0.64 per share, followed by McNichols (-5.1%), FTN Cocoa Processors (-4.76%) and Fidelity Bank (-2.72%). Chams recorded the highest volume of 97.7 million traded shares, followed by United Bank for Africa (88.5m), Sterling Bank (32.3m) and Access Holdings (28.2m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

CAP

N 35.00

N 38.50

3.50

10.00 %

LIVESTOCK

N 3.10

N 3.41

0.31

10.00 %

EUNISELL

N 3.19

N 3.50

0.31

9.72 %

MAYBAKER

N 6.80

N 7.45

0.65

9.56 %

ROYALEX

N 0.65

N 0.71

0.06

9.23 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

DAARCOMM

N 0.71

N 0.64

-0.07

-9.86 %

MCNICHOLS

N 1.57

N 1.49

-0.08

-5.10 %

FTNCOCOA

N 1.89

N 1.80

-0.09

-4.76 %

FIDELITYBK

N 14.70

N 14.30

-0.40

-2.72 %

CHAMS

N 2.05

N 2.00

-0.05

-2.44 %

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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