NGX Closes January on a Strong Note with 135% Surge in Trading Volume
The Nigerian Exchange (NGX) wrapped up the last trading day of January 2025 on a high note, recording a significant surge in trading activity. At the close of trading on Friday, January 31, 2025, a total of 1.17 billion shares were exchanged in 14,537 deals, amounting to a market value of NGN 15.21 billion. Compared to the previous trading session on Thursday, January 30, this reflects:
• 135% increase in volume
• 28% increase in turnover
• 6% increase in number of deals
The total market capitalization now stands at NGN 64.7 trillion, showcasing strong investor participation.
Top Gainers and Losers
Out of the 125 traded stocks, 37 stocks closed in the green, while 28 stocks declined.
Top Gainers:
• Beta Glass Company led the market with a 10% increase, closing at NGN 71.50 per share.
• Northern Nigeria Flour Mills (+9.98%), Vitafoam Nigeria (+9.98%), and Chellarams (+9.93%) also posted strong gains.
Top Losers:
• Oando Plc suffered the biggest loss, dropping 10% to NGN 68.40 per share.
• Other major decliners included Stanbic IBTC Holdings (-9.94%), Ikeja Hotel (-9.84%), and UPDC (-9.66%).
Most Actively Traded Stocks
• Secure Electronic Technology led in volume with 600 million shares traded.
• FBN Holdings followed with 85.5 million shares, while Veritas Kapital Assurance and Guaranty Trust Holding recorded 67.3 million and 32.7 million shares, respectively.
With this impressive trading momentum, the NGX is poised for an exciting February as investors continue to react to corporate earnings and market trends.
The Nigerian Exchange (NGX) wrapped up the last trading day of January 2025 on a high note, recording a significant surge in trading activity. At the close of trading on Friday, January 31, 2025, a total of 1.17 billion shares were exchanged in 14,537 deals, amounting to a market value of NGN 15.21 billion. Compared to the previous trading session on Thursday, January 30, this reflects:
• 135% increase in volume
• 28% increase in turnover
• 6% increase in number of deals
The total market capitalization now stands at NGN 64.7 trillion, showcasing strong investor participation.
Top Gainers and Losers
Out of the 125 traded stocks, 37 stocks closed in the green, while 28 stocks declined.
Top Gainers:
• Beta Glass Company led the market with a 10% increase, closing at NGN 71.50 per share.
• Northern Nigeria Flour Mills (+9.98%), Vitafoam Nigeria (+9.98%), and Chellarams (+9.93%) also posted strong gains.
Top Losers:
• Oando Plc suffered the biggest loss, dropping 10% to NGN 68.40 per share.
• Other major decliners included Stanbic IBTC Holdings (-9.94%), Ikeja Hotel (-9.84%), and UPDC (-9.66%).
Most Actively Traded Stocks
• Secure Electronic Technology led in volume with 600 million shares traded.
• FBN Holdings followed with 85.5 million shares, while Veritas Kapital Assurance and Guaranty Trust Holding recorded 67.3 million and 32.7 million shares, respectively.
With this impressive trading momentum, the NGX is poised for an exciting February as investors continue to react to corporate earnings and market trends.