Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 536.79Million shares were traded in 9,053deals, amounting to a market value of N10.011Billion. Compared with the previous trading day (Wednesday October 30), today’s data shows a 0.4% decrease in volume, a 35% decrease in value and a 10% decrease in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN59.17trillion, while the All-Share Index (ASI) closed at 97,651.23Basis points, decrease 372.00Basis Points, representing a 0.38% decrease, and a YTD increase of 30.60% as against the previous trading day’s close of 98,023.23Basis points.
Cumulatively, 125 equities participated in trading, ending with 24 gainers and 26 losers. Sunu Assurances Nigeria led the gainers with 10% share price appreciation closing at NGN 2.09 per share, followed by Eunisell Interlinked (+9.89%), University Press (+9.74%) and Cornerstone Insurance Company (+9.6%). On the losing side, Aradel Holdings came out last with an end-of-day price depreciation of 10% at NGN 495.10 per share, followed by Veritas Kapital Assurance (-10%), Secure Electronic Technology (-9.09%) and RT Briscoe (-8.96%). United Bank for Africa recorded the highest volume of 74.3 million traded shares, followed by UAC of Nigeria (55.1m), Chams (53.3m) and Jaiz Bank (46m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

SUNUASSUR

N 1.90

N 2.09

0.19

10.00 %

EUNISELL

N 4.65

N 5.11

0.46

9.89 %

UPL

N 3.08

N 3.38

0.30

9.74 %

CORNERST

N 2.50

N 2.74

0.24

9.60 %

PRESTIGE

N 0.54

N 0.59

0.05

9.26 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

VERITASKAP

N 1.60

N 1.44

-0.16

-10.00 %

ARADEL

N 550.10

N 495.10

-55.00

-10.00 %

NSLTECH

N 0.66

N 0.60

-0.06

-9.09 %

RTBRISCOE

N 3.35

N 3.05

-0.30

-8.96 %

BETAGLAS

N 48.95

N 45.40

-3.55

-7.25 %

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Your email address will not be published.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 *