NGX Market Recap for Wednesday, January 22, 2025
The Nigerian Exchange (NGX) closed today’s trading session with a mixed performance, recording a 10% decline in trading volume but a 75% surge in turnover compared to the previous session.
Key Market Statistics:
• Total Volume Traded: 393.82 million shares
• Total Deals Executed: 10,766
• Total Turnover: ₦14.82 billion
• Market Capitalization: ₦63.2 trillion
Top Gainers of the Day
Out of 124 equities traded, 24 stocks gained, with SCOA Nigeria leading the pack:
SCOA Nigeria +9.7% (Closed at ₦3.28)
Cadbury Nigeria +9.65%
Secure Electronic Technology +9.59%
C&I Leasing +5.85%
Biggest Losers
On the flip side, 24 stocks declined, with Multiverse Mining & Exploration suffering the most losses:
Multiverse Mining & Exploration -9.87% (Closed at ₦10.05)
May & Baker Nigeria -9.78%
Prestige Assurance Company -7.69%
Guinea Insurance -7.45%
Most Actively Traded Stocks
Access Holdings led in volume with 92 million shares traded, followed by:
• United Bank for Africa (UBA) – 27 million shares
• Sterling Bank – 23 million shares
• Aiico Insurance – 17.9 million shares
Despite a drop in trade volume, the significant increase in turnover suggests heightened activity in higher-priced stocks. The market remains dynamic as investors continue to respond to earnings expectations and economic indicators.
What’s your take on today’s market performance? Are we seeing a shift in investor sentiment? Let’s discuss!
The Nigerian Exchange (NGX) closed today’s trading session with a mixed performance, recording a 10% decline in trading volume but a 75% surge in turnover compared to the previous session.
Key Market Statistics:
• Total Volume Traded: 393.82 million shares
• Total Deals Executed: 10,766
• Total Turnover: ₦14.82 billion
• Market Capitalization: ₦63.2 trillion
Top Gainers of the Day
Out of 124 equities traded, 24 stocks gained, with SCOA Nigeria leading the pack:
SCOA Nigeria +9.7% (Closed at ₦3.28) Cadbury Nigeria +9.65% Secure Electronic Technology +9.59% C&I Leasing +5.85%Biggest Losers
On the flip side, 24 stocks declined, with Multiverse Mining & Exploration suffering the most losses:
Multiverse Mining & Exploration -9.87% (Closed at ₦10.05) May & Baker Nigeria -9.78% Prestige Assurance Company -7.69% Guinea Insurance -7.45%Most Actively Traded Stocks
Access Holdings led in volume with 92 million shares traded, followed by:
• United Bank for Africa (UBA) – 27 million shares
• Sterling Bank – 23 million shares
• Aiico Insurance – 17.9 million shares
Despite a drop in trade volume, the significant increase in turnover suggests heightened activity in higher-priced stocks. The market remains dynamic as investors continue to respond to earnings expectations and economic indicators.
What’s your take on today’s market performance? Are we seeing a shift in investor sentiment? Let’s discuss!