Daily Market Report for December 16, 2024:
Market Performance
• NGX All-Share Index (NGXASI): The index increased by 0.55%, closing at 99,922.63, up from the previous close of 99,378.06.
• Year-to-Date (YTD) Returns: Now stand at an impressive 31.49%.
• Trading Volume: Increased by 36.48%, from 531.24 million shares to 725.02 million shares.
• Market Turnover: Value of traded shares rose by 27.46%, from ₦6.63 billion to ₦8.44 billion across 9,673 deals.
• Market Breadth: Positive, with 54 advancers versus 34 decliners, resulting in a breadth ratio of 1.59x.
Advancers and Decliners:
1. Top Gainers (over five trading days):
• NEWGOLD: Gained 233.30%, closing at ₦99,990.
• GUINEAINS: Rose by 21.82%, closing at ₦0.67.
• GOLDBREW: Increased by 20.33%, closing at ₦8.64.
• ARADEL: Up by 20.04%, closing at ₦600.20.
• OANDO: Gained 18.23%, closing at ₦72.50.
2. Top Losers (over five trading days):
• ABCTRANS: Declined by -22.22%, closing at ₦1.05
• UPL: Dropped -9.81%, closing at ₦3.77
• INTENEGINS: Lost -9.52%, closing at ₦1.33.
• SOVRENINS: Fell by -9.30%, closing at ₦0.78
• UPDC: Down -5.41%, closing at ₦1.40.
Key Highlights
• Top Gainers (Single-Day Performance):
• NEWGOLD: Gained 233.30%.
• LIVINGTRUST: Increased by 10%, closing at ₦3.30.
• Other notable gainers include ROYALEX, INTBREW, and GUINEAINS.
• Top Losers (Single-Day Performance):
• UPL: Declined by -9.81%.
• HMCALL: Dropped by -9.62%, closing at ₦4.70.
• Other notable losers include INTENEGINS, ABCTRANS, and SOVRENINS.
Observations:
The market is experiencing strong positive momentum, as indicated by the increase in trading volume, turnover, and the overall rise in the NGXASI. NEWGOLD led both the weekly and daily gainers’ chart, showing significant investor interest in exchange-traded funds (ETFs).
However, some stocks like ABCTRANS and UPL faced notable declines.
Market Performance
• NGX All-Share Index (NGXASI): The index increased by 0.55%, closing at 99,922.63, up from the previous close of 99,378.06.
• Year-to-Date (YTD) Returns: Now stand at an impressive 31.49%.
• Trading Volume: Increased by 36.48%, from 531.24 million shares to 725.02 million shares.
• Market Turnover: Value of traded shares rose by 27.46%, from ₦6.63 billion to ₦8.44 billion across 9,673 deals.
• Market Breadth: Positive, with 54 advancers versus 34 decliners, resulting in a breadth ratio of 1.59x.
Advancers and Decliners:
1. Top Gainers (over five trading days):
• NEWGOLD: Gained 233.30%, closing at ₦99,990.
• GUINEAINS: Rose by 21.82%, closing at ₦0.67.
• GOLDBREW: Increased by 20.33%, closing at ₦8.64.
• ARADEL: Up by 20.04%, closing at ₦600.20.
• OANDO: Gained 18.23%, closing at ₦72.50.
2. Top Losers (over five trading days):
• ABCTRANS: Declined by -22.22%, closing at ₦1.05
• UPL: Dropped -9.81%, closing at ₦3.77
• INTENEGINS: Lost -9.52%, closing at ₦1.33.
• SOVRENINS: Fell by -9.30%, closing at ₦0.78
• UPDC: Down -5.41%, closing at ₦1.40.
Key Highlights
• Top Gainers (Single-Day Performance):
• NEWGOLD: Gained 233.30%.
• LIVINGTRUST: Increased by 10%, closing at ₦3.30.
• Other notable gainers include ROYALEX, INTBREW, and GUINEAINS.
• Top Losers (Single-Day Performance):
• UPL: Declined by -9.81%.
• HMCALL: Dropped by -9.62%, closing at ₦4.70.
• Other notable losers include INTENEGINS, ABCTRANS, and SOVRENINS.
Observations:
The market is experiencing strong positive momentum, as indicated by the increase in trading volume, turnover, and the overall rise in the NGXASI. NEWGOLD led both the weekly and daily gainers’ chart, showing significant investor interest in exchange-traded funds (ETFs).
However, some stocks like ABCTRANS and UPL faced notable declines.
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