On July 16, 2024, the Nigerian capital markets experienced a day of varied trading activities across multiple sectors. The following is a detailed breakdown of the key movements in the equity and bond markets.
Mining and Services
- Mining Services saw 5 trades with a volume of 10,915 shares.
- Thomas Wyatt Nigeria PLC in the Paper/Forest Products sector maintained a stable price at N2.16 with a market cap of N855.36 million, recording 3 trades and a volume of 3,850 shares.
Oil and Gas Sector
- Japaul Gold & Ventures PLC fell by 2.04 per cent to N1.92, with a market cap of N12,024.39 million, handling 72 trades and a volume of 3,458,102 shares.
- Oando PLC decreased by 1.87 per cent to N16.00, with a market cap of N198,902.60 million, with 175 trades and a volume of 3,416,094 shares.
- Conoil PLC remained stable at N136.95, with a market cap of N95,036.74 million, conducting 39 trades and a volume of 31,852 shares.
- Eterna PLC dropped by 4.44 per cent to N17.20, with a market cap of N22,431.29 million, accounting for 41 trades and a volume of 696,121 shares.
- TotalEnergies Marketing Nigeria PLC held steady at N388.90, with a market cap of N132,040.04 million, recording 60 trades and a volume of 44,430 shares.
Services Sector
- Medview Airline PLC showed no trading activity, maintaining its price at N1.62 with a market cap of N15,796.05 million.
- Red Star Express PLC in the Courier/Freight/Delivery sector saw a significant drop of 9.82 per cent to N3.95, with a market cap of N3,769.97 million, recording 40 trades and a volume of 1,271,558 shares.
Debt Market Overview
The bond market saw limited activity with the following highlights:
- 7.143 per cent FGN FEB 2030 maintained a price of N100.00 with no trades recorded.
- 7.50 per cent BUA JAN 2027 held steady at N100.00, also with no trades.
Overall, the bond market recorded only 3 trades with a total volume of 58,272 units.
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The Nigerian capital markets showed a mix of stability and declines across various sectors, with notable decreases in the oil and gas sector and the services sector. The bond market remained relatively inactive, reflecting investor caution.
