Valmon Securities

MARKET OVERVIEW
At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), a total of 611.53Million shares were traded in 13,682 deals, with a market value of N16.680billion. This represents a 2% decrease in volume, a 4% decrease in value, and a 20% decrease in the number of deals compared to the previous trading day.
The current equities market capitalization stands at NGN 71.12trillion, while the All-Share Index (ASI) closed at 112,781.73basis points, reflecting an increase of 354.25basis points (0.32%) but a YTD increase of 9.58% from the previous day’s 112,427.48basis points.
In total,  128 NGX listed equities participated in trading, ending with 32 gainers and 21 losers. Oando led the gainers with 10% share price appreciation closing at NGN 51.70 per share, followed by Union Homes Real Estate Inv. (+9.96%), Royal Exchange (+8.64%) and Legend Internet (+7.27%). On the losing side, NCR Nigeria came out last with an end-of-day price depreciation of 9.89% at NGN 5.92 per share, followed by Associated Bus Company (-9.83%), Meyer (-9.63%) and Academy Press (-9.58%). Fidelity Bank recorded the highest volume of 93.5 million traded shares, followed by Guaranty Trust Holding (87.2m), Royal Exchange (73.1m) and United Bank for Africa (57.1m).

TOP 5 ADVANCERS

Symbols

Last Close

Current

Change

%Change

OANDO

N 47.00

N 51.70

4.70

10.00 %

UHOMREIT

N 45.70

N 50.25

4.55

9.96 %

ROYALEX

N 0.81

N 0.88

0.07

8.64 %

LEGENDINT

N 5.50

N 5.90

0.40

7.27 %

LASACO

N 3.00

N 3.20

0.20

6.67 %

TOP 5 DECLINERS

Symbols

Last Close

Current

Change

%Change

NCR

N 6.57

N 5.92

-0.65

-9.89 %

ABCTRANS

N 2.95

N 2.66

-0.29

-9.83 %

MEYER

N 9.35

N 8.45

-0.90

-9.63 %

ACADEMY

N 5.01

N 4.53

-0.48

-9.58 %

LIVESTOCK

N 9.60

N 8.95

-0.65

-6.77 %

NIGERIAN ECONOMIC INDICATORS

Indicator

Rate

Inflation Rate

24.23% (April 2025)

Exchange Rate (NGN/USD)

N 1,606.54 (28/04/2025)

MPR

27.50% (APRIL 2025)

Foreign Reserves (Gross)

$38.5 billion (March 2025)

Crude Oil Price (Bonny Light) – US$/Barrel

$ $76.13 (22/04/2025)

GDP Q1 2025

3.60%

(Source: CBN, unless otherwise stated)

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