NGX Trading Summary for Friday, February 7, 2025
At the close of trading on the Nigerian Exchange (NGX), market activity declined across key metrics compared to the previous trading day, Thursday, February 6, 2025.
The total volume of shares traded stood at 381.98 million, executed in 12,793 deals, with a total turnover value of ₦9.23 billion. The market capitalization remained strong at ₦65.6 trillion. However, trading activity was lower than the previous session, reflecting a 29% decline in volume, a 60% drop in turnover, and a 17% decrease in the number of deals.
A total of 127 stocks were traded, with 40 gainers and 19 losers. Cadbury Nigeria led the gainers with a 9.93% increase, closing at ₦29.35 per share. Other notable gainers included Academy Press and Eterna Plc, both rising by 9.93%, and Livestock Feeds, which gained 9.85%.
On the losing side, Multiverse Mining & Exploration recorded the biggest decline, dropping by 9.95% to close at ₦9.05 per share. Other significant losers included MeCure Industries, which fell by 9.71%, NPF Microfinance Bank, down by 7.94%, and Learn Africa, which declined by 4.44%.
In terms of trading volume, Cutix Plc recorded the highest number of shares traded, with 24.3 million shares changing hands. This was followed by Access Holdings, which saw a volume of 23.6 million shares, Sterling Bank with 22.8 million shares, and Fidelity Bank with 20.4 million shares.
Market Takeaways
• Trading activity slowed significantly compared to the previous session, with a sharp decline in volume and turnover.
• Cadbury Nigeria and Academy Press emerged as the biggest gainers, while Multiverse Mining & Exploration led the list of losers.
• Banking stocks remained among the most actively traded, with Access Holdings, Sterling Bank, and Fidelity Bank featuring prominently.
• Despite the day’s downturn, the overall market capitalization remains solid at ₦65.6 trillion, reflecting sustained investor confidence.
At the close of trading on the Nigerian Exchange (NGX), market activity declined across key metrics compared to the previous trading day, Thursday, February 6, 2025.
The total volume of shares traded stood at 381.98 million, executed in 12,793 deals, with a total turnover value of ₦9.23 billion. The market capitalization remained strong at ₦65.6 trillion. However, trading activity was lower than the previous session, reflecting a 29% decline in volume, a 60% drop in turnover, and a 17% decrease in the number of deals.
A total of 127 stocks were traded, with 40 gainers and 19 losers. Cadbury Nigeria led the gainers with a 9.93% increase, closing at ₦29.35 per share. Other notable gainers included Academy Press and Eterna Plc, both rising by 9.93%, and Livestock Feeds, which gained 9.85%.
On the losing side, Multiverse Mining & Exploration recorded the biggest decline, dropping by 9.95% to close at ₦9.05 per share. Other significant losers included MeCure Industries, which fell by 9.71%, NPF Microfinance Bank, down by 7.94%, and Learn Africa, which declined by 4.44%.
In terms of trading volume, Cutix Plc recorded the highest number of shares traded, with 24.3 million shares changing hands. This was followed by Access Holdings, which saw a volume of 23.6 million shares, Sterling Bank with 22.8 million shares, and Fidelity Bank with 20.4 million shares.
Market Takeaways
• Trading activity slowed significantly compared to the previous session, with a sharp decline in volume and turnover.
• Cadbury Nigeria and Academy Press emerged as the biggest gainers, while Multiverse Mining & Exploration led the list of losers.
• Banking stocks remained among the most actively traded, with Access Holdings, Sterling Bank, and Fidelity Bank featuring prominently.
• Despite the day’s downturn, the overall market capitalization remains solid at ₦65.6 trillion, reflecting sustained investor confidence.