NGX Trading Summary – Tuesday, November 5, 2024

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Olori Uwem

Active Member
Mar 18, 2024
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NGX Trading Summary – Tuesday, November 5, 2024

Overall Market Performance

• Total Volume Traded: 540,769,495 shares.

• Total Value Traded: NGN 20.21 billion (across 10,676 deals).

• Market Capitalization: NGN 58.9 trillion.

Comparison with Previous Day (Monday, November 4)

• Trading Volume: Decreased by 56%, showing a significant drop in the number of shares traded.

• Turnover (Value of Trades): Improved by 42%, indicating higher-value trades despite lower volume.

• Deals Executed: Increased by 3%, suggesting marginally higher activity in trade count.

Market Sentiment

Out of the 124 listed equities traded:

• Gainers: 26 stocks increased in value.

• Losers: 21 stocks declined in value.

Top Gainers

1. Conoil: Gained 9.93%, closing at NGN 208.10 per share.

2. John Holt: Rose by 9.92%.

3. United Bank for Africa (UBA): Up by 9.87%.

4. Eunisell Interlinked: Increased by 9.87%.

Top Losers

1. Oando: Declined by 9.98%, closing at NGN 72.65 per share.

2. Daar Communications: Dropped by 9.68%.

3. Regency Alliance Insurance: Fell by 6.52%.

4. Veritas Kapital Assurance: Decreased by 6.25%.

Most Traded Stocks by Volume

• United Bank for Africa (UBA): Led with 202 million shares traded.

• Zenith Bank: 46.4 million shares.

• Veritas Kapital Assurance: 34.7 million shares.

• Julius Berger Nigeria: 26.3 million shares.

Overall, the NGX session showed mixed performance with fewer shares traded but higher value and deal count, reflecting selective interest in high-value transactions.