NGX Trading Summary – Monday, February 3, 2025
The Nigerian Stock Exchange (NGX) opened the first trading day of the week with 510.57 million shares exchanged across 14,611 deals, amounting to a total market turnover of NGN 13.25 billion.
However, compared to the last trading session on Friday, January 31, trading activity saw a significant decline:
• Trading volume dropped by 56%
• Market turnover decreased by 13%
Despite the lower activity, the market capitalization remained at NGN 64.8 trillion.
Market Performance Overview
A total of 124 listed equities participated in the session, with 21 stocks gaining, while 35 stocks declined.
Top Gainers
1. Presco Plc → +10% (NGN 643.50 per share)
2. Beta Glass Company → +10%
3. Okomu Oil Palm → +9.99%
4. Northern Nigeria Flour Mills → +9.98%
Top Losers
1. University Press → -10% (NGN 5.04 per share)
2. Omatek Ventures → -9.88%
3. SCOA Nigeria → -9.83%
4. Lasaco Assurance → -8.33%
Most Traded Stocks by Volume
1. FBN Holdings → 84 million shares
2. Zenith Bank → 54.5 million shares
3. Universal Insurance Company → 32.6 million shares
4. United Bank for Africa (UBA) → 31.6 million shares
Market Outlook
While trading volume and turnover saw a sharp drop compared to Friday, the presence of notable gainers like Presco and Beta Glass Company signals continued investor interest in specific sectors. Banking stocks, particularly FBN Holdings and Zenith Bank, remained dominant in trading activity, indicating strong liquidity in the financial sector.
Investors will be watching the next trading sessions closely to see if market activity rebounds or if the current slowdown persists.
The Nigerian Stock Exchange (NGX) opened the first trading day of the week with 510.57 million shares exchanged across 14,611 deals, amounting to a total market turnover of NGN 13.25 billion.
However, compared to the last trading session on Friday, January 31, trading activity saw a significant decline:
• Trading volume dropped by 56%
• Market turnover decreased by 13%
Despite the lower activity, the market capitalization remained at NGN 64.8 trillion.
Market Performance Overview
A total of 124 listed equities participated in the session, with 21 stocks gaining, while 35 stocks declined.
Top Gainers
1. Presco Plc → +10% (NGN 643.50 per share)
2. Beta Glass Company → +10%
3. Okomu Oil Palm → +9.99%
4. Northern Nigeria Flour Mills → +9.98%
Top Losers
1. University Press → -10% (NGN 5.04 per share)
2. Omatek Ventures → -9.88%
3. SCOA Nigeria → -9.83%
4. Lasaco Assurance → -8.33%
Most Traded Stocks by Volume
1. FBN Holdings → 84 million shares
2. Zenith Bank → 54.5 million shares
3. Universal Insurance Company → 32.6 million shares
4. United Bank for Africa (UBA) → 31.6 million shares
Market Outlook
While trading volume and turnover saw a sharp drop compared to Friday, the presence of notable gainers like Presco and Beta Glass Company signals continued investor interest in specific sectors. Banking stocks, particularly FBN Holdings and Zenith Bank, remained dominant in trading activity, indicating strong liquidity in the financial sector.
Investors will be watching the next trading sessions closely to see if market activity rebounds or if the current slowdown persists.