NGX Records Massive N1.25tn Growth in One Week
The Nigerian Exchange (NGX) started the year with a bang, as investors witnessed a significant N1.25 trillion gain in just one week! Here’s a breakdown of the highlights from the equity market’s performance last week:
Market Overview
• All-Share Index (ASI): Rose by 1.42% to close at 103,586.33 points.
• Market Capitalisation: Increased by 2.02%, reaching a remarkable N63.166 trillion.
• Investors traded 2.618 billion shares worth N69.742 billion in 47,953 deals during the week.
Sectoral Breakdown
1. Financial Services Industry:
• Dominated the market with 66.88% of total volume and 24.49% of total value.
• Traded 1.751 billion shares worth N17.079 billion in 20,595 deals.
2. Services Industry:
• Recorded 205.807 million shares valued at N1.829 billion.
3. ICT Industry:
• Contributed 189.938 million shares worth N1.844 billion.
Top Traded Equities
• Royal Exchange Plc
• Chams Holding Company Plc
• Universal Insurance Plc
These accounted for 23.38% of the total market turnover, trading 612.033 million shares worth N773.439 million in 2,108 deals.
Gainers and Decliners
• Top Gainers:
• Prestige Assurance Plc (+46%, closing at N1.46)
• Neimeth International Pharmaceuticals Plc (+45.26%, closing at N2.76)
• Sovereign Trust Insurance Plc (+45.16%, closing at N1.35)
• Top Decliners:
• PZ Cussons Nigeria Plc (-13.79%, closing at N25.00)
• CWG Plc (-10.83%, closing at N7.00)
Other Highlights
• The Federal Government’s December 2024 Savings Bonds were listed on the NGX. These include:
• Two-Year Bond: Coupon rate of 17.483%.
• Three-Year Bond: Coupon rate of 18.483%.
Market Sentiment ✨
The week ended on a positive note, with 82 stocks appreciating, while market breadth showed significant improvement. As 2025 unfolds, market analysts remain optimistic about sustained growth in the NGX.
Stay tuned for more updates and detailed market insights!
The Nigerian Exchange (NGX) started the year with a bang, as investors witnessed a significant N1.25 trillion gain in just one week! Here’s a breakdown of the highlights from the equity market’s performance last week:
Market Overview
• All-Share Index (ASI): Rose by 1.42% to close at 103,586.33 points.
• Market Capitalisation: Increased by 2.02%, reaching a remarkable N63.166 trillion.
• Investors traded 2.618 billion shares worth N69.742 billion in 47,953 deals during the week.
Sectoral Breakdown
1. Financial Services Industry:
• Dominated the market with 66.88% of total volume and 24.49% of total value.
• Traded 1.751 billion shares worth N17.079 billion in 20,595 deals.
2. Services Industry:
• Recorded 205.807 million shares valued at N1.829 billion.
3. ICT Industry:
• Contributed 189.938 million shares worth N1.844 billion.
Top Traded Equities
• Royal Exchange Plc
• Chams Holding Company Plc
• Universal Insurance Plc
These accounted for 23.38% of the total market turnover, trading 612.033 million shares worth N773.439 million in 2,108 deals.
Gainers and Decliners
• Top Gainers:
• Prestige Assurance Plc (+46%, closing at N1.46)
• Neimeth International Pharmaceuticals Plc (+45.26%, closing at N2.76)
• Sovereign Trust Insurance Plc (+45.16%, closing at N1.35)
• Top Decliners:
• PZ Cussons Nigeria Plc (-13.79%, closing at N25.00)
• CWG Plc (-10.83%, closing at N7.00)
Other Highlights
• The Federal Government’s December 2024 Savings Bonds were listed on the NGX. These include:
• Two-Year Bond: Coupon rate of 17.483%.
• Three-Year Bond: Coupon rate of 18.483%.
Market Sentiment ✨
The week ended on a positive note, with 82 stocks appreciating, while market breadth showed significant improvement. As 2025 unfolds, market analysts remain optimistic about sustained growth in the NGX.
Stay tuned for more updates and detailed market insights!