July 12, 2023: DeaPCap and Courtville Lead NGX with 10% Inter-day Price Change; NGX ASI Declines 2.47%

On July 12, 2023, the NGX floor witnessed some notable movements in the stock market. DeaPCap and Courtville emerged as the top performers of the day, recording the highest inter-day % change with a significant 10% price increase. This indicates a strong performance for these stocks during the trading session.

Meanwhile, the NGX ASI (Nigerian Exchange All Share Index) experienced a decline of 2.47% to 64,046.93. This indicates a downward trend in the overall market performance for the day.

In terms of market capitalization, the NGX closed at N34,874.19 billion. This figure represents the total value of all listed companies on the NGX floor and provides insight into the overall size and worth of the market.

The total trading volume for the day amounted to 1,163.23 trades. This indicates the number of transactions that occurred during the trading session, reflecting the level of market activity and investor participation.

Additionally, the total value of trades conducted on the NGX floor for the day stood at N12,694.73 million. This figure represents the monetary value of all transactions executed, providing an indication of the level of investment and trading activity in the market.

In terms of year-to-date (YtD) gain, FTNCocoa maintained its lead with an impressive increase of 1,096.55%. This signifies a significant growth in the value of FTNCocoa’s shares over the course of the year. Following closely behind is MRS, with a YtD gain of 676.24%, showcasing a strong performance for this particular stock.

Among the stocks traded on July 11, 2023, UBA (United Bank for Africa) took the top position in terms of volume traded. A total of 177.793 million shares of UBA were traded during the session, reflecting a significant level of investor interest in the stock. The total value of these shares amounted to N2.443 billion, indicating a substantial monetary value associated with UBA’s trading activity.

In terms of value, banking stocks dominated the market, with six banking stocks featuring among the top 10 stocks with the highest value. This suggests that banking sector stocks were in high demand and accounted for a considerable portion of the market’s total trading value.

Among the top 10 stocks in terms of value traded on July 11, 2023, are:

  1. UBA (United Bank for Africa) –   N2,443,261,657.75
  2. Zenith Bank –  N1,333,811,145.55
  3. Access Bank – N 1,124,182,049.65
  4. Dangote Cement – N757,248,130.50
  5. Dangote Sugar –      N752,275,319.20
  6. FBN Holdings –      N705,246,498.95
  7. Guaranty Trust Bank (GTBank) –      N672,169,378.55
  8. FCMB (First City Monument Bank) –      N577,934,581.76
  9. Nestle –      N504,432,193.50
  10. MTNN (MTN Nigeria) –      N437,394,996.90

These stocks represent a mix of banking, cement, sugar, telecommunications, and consumer goods companies. Their inclusion in the top 10 suggests that they had a significant impact on the overall trading value and activity in the market on that particular day

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