Valmon Securities

MARKET OVERVIEW
At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), a total of 1.079Billion shares were traded in 34,488 deals, with a market value of N26.851billion. This represents a 3% decrease in volume, a 20% decrease in value, and a 8% decrease in the number of deals compared to the previous trading day.
The current equities market capitalization stands at NGN89.37trillion, while the All-Share Index (ASI) closed at 141,263.05basis points, reflecting an increase of 1,399.53basis points (1%) but a YTD increase of 37.25% from the previous day’s 139,863.52basis points.
In total, 127 NGX listed equities participated in trading, ending with 34 gainers and 35 losers. UAC of Nigeria led the gainers with 9.96% share price appreciation closing at NGN 88.30 per share, followed by BUA Cement (+9.63%), Veritas Kapital Assurance (+9.45%) and Beta Glass Company (+9.22%). On the losing side, Dangote Sugar Refinery came out last with an end-of-day price depreciation of 10% at NGN 66.15 per share, followed by Oando (-10%), Champion Breweries (-10%) and Cornerstone Insurance Company (-9.78%). FCMB Group recorded the highest volume of 277 million traded shares, followed by Fidelity Bank (85.6m), Sterling Bank (58.4m) and Universal Insurance Company (44.7m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

UACN

N 80.30

N 88.30

8.00

9.96 %

BUACEMENT

N 135.00

N 148.00

13.00

9.63 %

VERITASKAP

N 1.27

N 1.39

0.12

9.45 %

BETAGLAS

N 374.00

N 408.50

34.50

9.22 %

LEGENDINT

N 5.88

N 6.40

0.52

8.84 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

CHAMPION

N 13.90

N 12.51

-1.39

-10.00 %

OANDO

N 59.00

N 53.10

-5.90

-10.00 %

DANGSUGAR

N 73.50

N 66.15

-7.35

-10.00 %

CORNERST

N 4.60

N 4.15

-0.45

-9.78 %

ABBEYBDS

N 5.84

N 5.27

-0.57

-9.76 %

NIGERIAN ECONOMIC INDICATORS

Indicator

Rate

Inflation Rate

24.23% (April 2025)

Exchange Rate (NGN/USD)

N 1,606.54 (28/04/2025)

MPR

27.50% (APRIL 2025)

Foreign Reserves (Gross)

$38.5 billion (March 2025)

Crude Oil Price (Bonny Light) – US$/Barrel

$ $76.13 (22/04/2025)

GDP Q1 2025

3.60%

(Source: CBN, unless otherwise stated)

Leave a Reply

Your email address will not be published.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