Valmon Securities

At the close of today’s trading session on the Nigerian Exchange Ltd (NGX), 356.13Million shares were traded in 8,582deals, amounting to a market value of N6.952Billion. Compared with the previous trading day (Tuesday October 08), today’s data shows a 51% decrease in volume, a 17% decrease in value and a 9% decrease in the number of deals. The Current equities market capitalization of the Nigerian Exchange Ltd is NGN56.02trillion, while the All-Share Index (ASI) closed at 97,487.14Basis points, decrease 97.67Basis Points, representing a 0.10% decrease, and a YTD increase of 30.70% as against the previous trading day’s close of 97,584.81Basis points.
Cumulatively, 127 equities participated in trading, ending with 15 gainers and 38 losers. Lasaco Assurance led the gainers with 10% share price appreciation closing at NGN 2.53 per share, followed by MeCure Industries (+9.47%), Julius Berger Nigeria (+9.33%) and Regency Alliance Insurance (+9.09%). On the losing side, Ellah Lakes came out last with an end-of-day price depreciation of 9.84% at NGN 4.40 per share, followed by Associated Bus Company (-9.63%), Eterna (-8.52%) and C&I Leasing (-8.4%). Fidelity Bank recorded the highest volume of 66.2 million traded shares, followed by United Bank for Africa (38m), Sterling Bank (33.8m) and Nigerian Breweries (14.6m).

ADVANCERS

Symbols

Last Close

Current

Change

%Change

LASACO

N 2.30

N 2.53

0.23

10.00 %

MECURE

N 8.45

N 9.25

0.80

9.47 %

JBERGER

N 150.00

N 164.00

14.00

9.33 %

REGALINS

N 0.55

N 0.60

0.05

9.09 %

GOLDBREW

N 3.15

N 3.40

0.25

7.94 %

DECLINERS

Symbols

Last Close

Current

Change

%Change

ELLAHLAKES

N 4.88

N 4.40

-0.48

-9.84 %

ABCTRANS

N 1.35

N 1.22

-0.13

-9.63 %

ETERNA

N 27.00

N 24.70

-2.30

-8.52 %

CILEASING

N 4.05

N 3.71

-0.34

-8.40 %

LIVESTOCK

N 3.74

N 3.44

-0.30

-8.02 %

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 

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***ALL NGX MARKET INFORMATION ARE COURTESY OF Nigerian Exchange Ltd © Valmon Securities Limited Research Department 2023. 

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