Valmon Securities

MARKET OVERVIEW
At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), a total of 444.11million shares were traded in 15,690 deals, with a market value of N11.148billion. This represents a 27% increase in volume, a 37% increase in value, and a 37% increase in the number of deals compared to the previous trading day.
The current equities market capitalization stands at NGN 65.49 trillion, while the All-Share Index (ASI) closed at 104,216.87 basis points, reflecting an decrease of 1,295.02 basis points (1.23%) but a YTD increase of 2.51% from the previous day’s 105,511.89 basis points.
Total of 125 NGX-listed equities were traded, resulting in 9 gainers and 51 losers, reflecting a bearish market trend. VFD Group topped the gainers’ chart with a 10% increase, closing at NGN 62.70 per share. It was followed by Total Nigeria (+9.61%), Guinea Insurance (+9.52%), and International Energy Insurance (+9.33%). On the downside, Oando led the losers with a 10% decline, closing at NGN 37.80 per share. Cornerstone Insurance, RT Briscoe, and Secure Electronic Technology also fell by 10% each. In terms of trading volume, FCMB Group led with 65.5 million shares traded, followed by Fidelity Bank (42.5 million shares), Guaranty Trust Holding (34.5 million shares), and Access Holdings (31.8 million shares).

Top Gainers

Symbol

Last Close (NGN)

Current Price (NGN)

Change (NGN)

% Change

VFDGROUP

N 57.00

N 62.70

5.70

10.00 %

TOTAL

N 679.70

N 745.00

65.30

9.61 %

GUINEAINS

N 0.63

N 0.69

0.06

9.52 %

INTENEGINS

N 1.50

N 1.64

0.14

9.33 %

ABBEYBDS

N 4.73

N 5.15

0.42

8.88 %

Top Losers

Symbol

Last Close (NGN)

Current Price (NGN)

Change (NGN)

% Change

RTBRISCOE

N 2.40

N 2.16

-0.24

-10.00 %

NSLTECH

N 0.50

N 0.45

-0.05

-10.00 %

CORNERST

N 3.30

N 2.97

-0.33

-10.00 %

OANDO

N 42.00

N 37.80

-4.20

-10.00 %

HONYFLOUR

N 11.32

N 10.19

-1.13

-9.98 %

NIGERIAN ECONOMIC INDICATORS

Indicator

Rate

Inflation Rate

24.48% (Dec 2024)

Exchange Rate (WAR/USD)

N1,585.35 (27/08/2024)

MPR

27.50% (26/11/2024)

Foreign Reserves (Gross)

$36.55 billion (27/08/2024)

Bonny Light Crude

$87.99 (24/08/2023)

GDP Q3 2024

3.46%

(Source: CBN, unless otherwise stated)

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