Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 400.91Million shares were traded in 9,211deals, amounting to a market value of N15.716Billion. Compared with the previous trading day (Wednesday October 23), today’s data shows a 41% increase in volume, a 86% increase in value and a 16% increase in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN60.10trillion, while the All-Share Index (ASI) closed at 99,189.95Basis points, increase 245.53Basis Points, representing a 0.25% increase, and a YTD increase of 31.85% as against the previous trading day’s close of 98,944.42Basis points.
Cumulatively, 122 NGX equities participated in trading, ending with 28 gainers and 19 losers. Access Holdings led the gainers with 9.95% share price appreciation closing at NGN 22.10 per share, followed by Academy Press (+9.79%), UPDC (+8.9%) and Cornerstone Insurance Company (+7.6%). On the losing side, Royal Exchange came out last with an end-of-day price depreciation of 9.72% at NGN 0.65 per share, followed by International Breweries (-6.24%), Livestock Feeds (-6.06%) and Wapic Insurance (-5.94%). United Bank for Africa recorded the highest volume of 58.4 million traded shares, followed by Japaul Gold and Ventures (35.1m), Custodian & Allied (33.7m) and Access Holdings (30.4m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

ACCESSCORP

N 20.10

N 22.10

2.00

9.95 %

ACADEMY

N 2.86

N 3.14

0.28

9.79 %

UPDC

N 1.46

N 1.59

0.13

8.90 %

CORNERST

N 2.50

N 2.69

0.19

7.60 %

VERITASKAP

N 1.51

N 1.60

0.09

5.96 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

ROYALEX

N 0.72

N 0.65

-0.07

-9.72 %

INTBREW

N 4.33

N 4.06

-0.27

-6.24 %

LIVESTOCK

N 3.30

N 3.10

-0.20

-6.06 %

WAPIC

N 1.01

N 0.95

-0.06

-5.94 %

CHAMPION

N 3.70

N 3.50

-0.20

-5.41 %

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

OTHER MARKET NEWS…

***ALL NGX MARKET INFORMATION ARE COURTESY OF Nigerian Exchange Ltd © Valmon Securities Limited Research Department 2024.

Leave a Reply

Your email address will not be published.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