NGX Trading Summary – Wednesday, January 29, 2025
At the close of today’s trading session on the Nigerian Stock Exchange (NGX), the market experienced a mix of gains and declines across key indicators.
Market Performance Overview
A total of 417.62 million shares were traded in 16,253 deals, amounting to a market value of NGN 13.48 billion. The overall market capitalization stood at NGN 64.5 trillion.
Compared to the previous trading day (Tuesday, January 28), today’s session recorded a 23% decline in trading volume, a 1% drop in market turnover, but a 4% increase in the number of deals, indicating higher trading activity despite the lower volume of shares exchanged.
Market Breadth – 125 Stocks Traded
Out of the 125 equities that participated in trading, 26 stocks gained, while 38 stocks declined. The remaining stocks closed at their previous prices. This suggests a slightly bearish market sentiment, as more stocks lost value than gained.
Top Gainers
Aradel Holdings led the gainers, recording a 10% increase, closing at NGN 594.00 per share. Chellarams followed closely with a 9.98% gain, while Stanbic IBTC Holdings and University Press also recorded strong performances with 9.92% and 9.64% price increases, respectively.
Top Losers
On the losing side, Caverton Offshore Support Group experienced the biggest drop, losing 10% to close at NGN 2.07 per share. McNichols also recorded a 10% decline, while Thomas Wyatt Nigeria and Veritas Kapital Assurance lost 9.8% and 9.79%, respectively.
Most Actively Traded Stocks (By Volume)
Universal Insurance recorded the highest trading volume for the day, with 33.6 million shares exchanged. Fidelity Bank followed with 31.9 million shares, while FCMB Group and Japaul Gold & Ventures saw trading volumes of 23.1 million and 20.2 million shares, respectively.
Key Takeaways from Today’s Market
The market recorded a lower trading volume compared to the previous session, but the increase in the number of deals suggests that more investors were actively participating. The insurance sector continued to see high trading activity, with Universal Insurance leading in volume.
While Aradel Holdings and other select stocks recorded strong gains, the overall market sentiment remained slightly bearish, as more stocks declined than gained.
Market Outlook
As investors navigate earnings reports and macroeconomic trends, key areas to watch include:
• The upcoming earnings season, which could drive further market movements.
• The insurance and banking sectors, which have continued to attract significant investor interest.
• Global and local economic factors, which may influence investor sentiment in the coming weeks.
The market remains dynamic, and investors should stay informed to make well-guided decisions. Stay tuned for more updates!
At the close of today’s trading session on the Nigerian Stock Exchange (NGX), the market experienced a mix of gains and declines across key indicators.
Market Performance Overview
A total of 417.62 million shares were traded in 16,253 deals, amounting to a market value of NGN 13.48 billion. The overall market capitalization stood at NGN 64.5 trillion.
Compared to the previous trading day (Tuesday, January 28), today’s session recorded a 23% decline in trading volume, a 1% drop in market turnover, but a 4% increase in the number of deals, indicating higher trading activity despite the lower volume of shares exchanged.
Market Breadth – 125 Stocks Traded
Out of the 125 equities that participated in trading, 26 stocks gained, while 38 stocks declined. The remaining stocks closed at their previous prices. This suggests a slightly bearish market sentiment, as more stocks lost value than gained.
Top Gainers
Aradel Holdings led the gainers, recording a 10% increase, closing at NGN 594.00 per share. Chellarams followed closely with a 9.98% gain, while Stanbic IBTC Holdings and University Press also recorded strong performances with 9.92% and 9.64% price increases, respectively.
Top Losers
On the losing side, Caverton Offshore Support Group experienced the biggest drop, losing 10% to close at NGN 2.07 per share. McNichols also recorded a 10% decline, while Thomas Wyatt Nigeria and Veritas Kapital Assurance lost 9.8% and 9.79%, respectively.
Most Actively Traded Stocks (By Volume)
Universal Insurance recorded the highest trading volume for the day, with 33.6 million shares exchanged. Fidelity Bank followed with 31.9 million shares, while FCMB Group and Japaul Gold & Ventures saw trading volumes of 23.1 million and 20.2 million shares, respectively.
Key Takeaways from Today’s Market
The market recorded a lower trading volume compared to the previous session, but the increase in the number of deals suggests that more investors were actively participating. The insurance sector continued to see high trading activity, with Universal Insurance leading in volume.
While Aradel Holdings and other select stocks recorded strong gains, the overall market sentiment remained slightly bearish, as more stocks declined than gained.
Market Outlook
As investors navigate earnings reports and macroeconomic trends, key areas to watch include:
• The upcoming earnings season, which could drive further market movements.
• The insurance and banking sectors, which have continued to attract significant investor interest.
• Global and local economic factors, which may influence investor sentiment in the coming weeks.
The market remains dynamic, and investors should stay informed to make well-guided decisions. Stay tuned for more updates!
