Valmon Securities

MARKET OVERVIEW
At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), a total of 460.57million shares were traded in 14,528 deals, with a market value of N10.106billion. This represents a 4% increase in volume, a 9% decrease in value, and a 7% decrease in the number of deals compared to the previous trading day.
The current equities market capitalization stands at NGN 65.59 trillion, while the All-Share Index (ASI) closed at 104,376.73 basis points, reflecting an increase of 159.86 basis points (0.15%) but a YTD increase of 1.41% from the previous day’s 104,216.87 basis points.
Total of 125 NGX-listed equities were traded, with 16 gainers and 42 losers, indicating a bearish sentiment in the market. Secure Electronic Technology led the gainers with an 8.89% increase, closing at NGN 0.49 per share, followed by Abbey Mortgage Bank (+8.35%), Sterling Bank (+6.85%), and VFD Group (+5.26%). On the losing end, Computer Warehouse Group recorded the steepest decline, falling by 12.5% to close at NGN 7.35 per share. Other significant losers included Union Homes Real Estate Investment Trust (-9.95%), Nigerian Aviation Handling Company (-9.94%), and N.E.M. Insurance Company (-9.92%). In terms of trading volume, Access Holdings led with 56.5 million shares traded, followed by Guaranty Trust Holding (51.6 million), Fidelity Bank (24.1 million), and FCMB Group (23.3 million).

Top Gainers

Symbol

Last Close (NGN)

Current Price (NGN)

Change (NGN)

% Change

NSLTECH

N 0.45

N 0.49

0.04

8.89 %

ABBEYBDS

N 5.15

N 5.58

0.43

8.35 %

STERLINGNG

N 4.82

N 5.15

0.33

6.85 %

VFDGROUP

N 62.70

N 66.00

3.30

5.26 %

MBENEFIT

N 0.88

N 0.92

0.04

4.55 %

Top Losers

Symbol

Last Close (NGN)

Current Price (NGN)

Change (NGN)

% Change

UHOMREIT

N 51.25

N 46.15

-5.10

-9.95 %

NAHCO

N 69.90

N 62.95

-6.95

-9.94 %

NEM

N 13.10

N 11.80

-1.30

-9.92 %

LASACO

N 2.13

N 1.92

-0.21

-9.86 %

ROYALEX

N 0.92

N 0.83

-0.09

-9.78 %

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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