Nigerian Markets Snapshot Thursday, December 21st, 2023

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On Thursday, the NGX continued it winning streak across key market indices. 

The NGX ASI gained an impressive +1.21% driven by price upticks in major names - TRANSCOHOT (+7.4%), MTNN (+5.4%), and ACCESSCORP (+4.8%). 

Brining the YTD return of the index to +45.0% (previously: +43.2%), and the entire equity market cap reaching another record high of N40.7 trillion.

 

The NGX Premium Board Index similarly witnessed a bullish performance in the trading session, gaining a remarkable +2.25%. Its performance was driven by MTNN, FBNH (+4.8%), and UBA (+2.97%). The NGX Growth Board Index, however, declined for the second consecutive day. This index rallied hard and fast in 2023, and it appears that investors are taking profit and redistributing their earnings. Nonetheless, all major market indices are poised to finish the year strong.

 

Sectoral Performance:

The best performing sector was the NGX Banking Sector gaining +1.41% for the day, fuelled by strong gains from STERLINGNG (+5.15%), ACCESSCORP (+4.8%), JAIZBANK (+3.97%), UBA (+2.97%), UNITYBNK (+2.76%), and ZENITHBANK (+0.39%). In second and third place was the NGX Pension Index and NGX Insurance Index, gaining +1.21% and +0.61% respectively.

 

On the other side of the spectrum, the NGX Oil and Gas Index reversed yesterday's gains and the NGX Consumer Goods Index continued its dip following losses from companies like ETERNA (-2.04%), CONOIL (-1.19%), and NESTLE (-1.74%).  

Nigerian Markets

Major Indices

Index

Last Close 

1-Day Change

NGX All Shares Index

74,289.02

+1.21%

NGX Growth Board Index 

6,277.20

-0.08%

 NGX Premium Board Index

7,204.87

+2.25%

NGX Oil and Gas Index

1,039.25

-0.05%

NGX Banking Index

894.52

+1.41%

NGX Consumer Goods Index

1,138.17

-0.15%

NGX Insurance Index

293.88

+0.61%

NGX Pension Index

3,199.51

+1.21%

NGX Industrial Index

2,712.89

+0.01%

   

Top Gainers

Nigerian stocks that increased the most in price in the last trading day.

Company 

Ticker

Last Close 

 Volume

1-Day Change  

Industrial & Medical Gases Nig. Plc.

IMG

₦9.35

51.96M

+10.0% 

Transnational Corp. of Nig. Plc.

TRANSCORP

₦8.47

65.3M

+10.00%

Okomu Oil Palm Plc.

OKOMUOIL

₦263.90

169.8K

+9.96%

   

Volume Giants

Nigerian stocks that saw the highest number of shares traded in the last trading day.

Company 

Ticker

Last Close 

Daily Volume 

Number of Trades

1-Day Change

Abbey Mortgage Bank Plc.

ABBEYBDS

₦1.68

224.08M

17

+9.09%

Access Holdings Plc. 

ACCESSCORP

₦23.30

65.8M

584

+1.75%

Transnational Corp. of Nig. Plc.

TRANCORP

₦8.47

65.3M

419

+10.00%

   

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