Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 888.80Million shares were traded in 8,803deals, amounting to a market value of N15.841Billion. Compared with the previous trading day (Thursday October 31), today’s data shows a 66% increase in volume, a 58% increase in value and a 3% decrease in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN59.04trillion, while the All-Share Index (ASI) closed at 97,432.02Basis points, decrease 219.21Basis Points, representing a 0.38% decrease, and a YTD increase of 30.60% as against the previous trading day’s close of 97,651.23Basis points.
Cumulatively, 123 NGX listed equities participated in trading, ending with 23 gainers and 31 losers. John Holt led the gainers with 10% share price appreciation closing at NGN 3.30 per share, followed by Eunisell Interlinked (+9.98%), Red Star Express (+9.83%) and Wapic Insurance (+9.52%). On the losing side, Aradel Holdings came out last with an end-of-day price depreciation of 10% at NGN 445.60 per share, followed by Ellah Lakes (-9.92%), Multiverse Mining & Exploration (-9.66%) and McNichols (-9.62%). Fidelity Bank recorded the highest volume of 541 million traded shares, followed by Jaiz Bank (68.7m), Chams (49.4m) and Zenith Bank (40.7m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

JOHNHOLT

N 3.00

N 3.30

0.30

10.00 %

EUNISELL

N 5.11

N 5.62

0.51

9.98 %

REDSTAREX

N 4.07

N 4.47

0.40

9.83 %

WAPIC

N 0.84

N 0.92

0.08

9.52 %

PZ

N 20.25

N 22.00

1.75

8.64 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

ARADEL

N 495.10

N 445.60

-49.50

-10.00 %

ELLAHLAKES

N 3.93

N 3.54

-0.39

-9.92 %

MULTIVERSE

N 8.80

N 7.95

-0.85

-9.66 %

MCNICHOLS

N 1.56

N 1.41

-0.15

-9.62 %

CUSTODIAN

N 12.90

N 12.00

-0.90

-6.98 %

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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