NGX trading summary for Monday, December 2, 2024:
Market Performance Overview
1. Trading Activity:
• Volume of Shares: A total of 451,165,300 shares were traded.
• Deals: These transactions were executed in 9,329 deals.
• Turnover: The total market value of traded shares amounted to NGN 10,150,434,724.70.
2. Comparison with the Previous Trading Day (Friday, November 29, 2024):
• Volume: Declined by 12%, indicating reduced trading activity.
• Turnover: Dropped significantly by 33%, showing a notable decrease in the monetary value of shares traded.
• Deals: Increased by 23%, reflecting more transactions despite lower volume and turnover.
3. Market Capitalization:
• The NGX’s current market capitalization stands at NGN 59.3 trillion.
Stock Performance Highlights
1. Gainers:
• Lafarge Wapco: Led the gainers’ chart with a 10% price increase, closing at NGN 63.80 per share.
• Africa Prudential, Abbey Mortgage Bank: Also gained 10% each.
• VFD Group: Increased by 9.88%.
2. Losers:
• E-Tranzact International: Topped the losers’ chart with a 10% price decline, closing at NGN 6.75 per share.
• NCR Nigeria: Fell by 9.92%.
• FTN Cocoa Processors: Declined by 8.29%.
• Honeywell Flour Mill: Dropped by 5.92%.
Volume Leaders
• Japaul Gold and Ventures: Recorded the highest trading volume of 72 million shares.
• United Bank for Africa (UBA): Traded 67.9 million shares.
• Access Holdings: Had a volume of 53.6 million shares.
• Lafarge Wapco: Traded 21.3 million shares.
Summary Insight
While the market saw reduced trading volume and turnover compared to the previous trading day, the increased number of deals suggests heightened transactional activity, possibly reflecting investor interest in certain equities. The gains led by Lafarge Wapco and losses by E-Tranzact highlight divergent investor sentiments across sectors. The market capitalization remains strong at NGN 59.3 trillion, signifying overall market stability as December kicks off.
Market Performance Overview
1. Trading Activity:
• Volume of Shares: A total of 451,165,300 shares were traded.
• Deals: These transactions were executed in 9,329 deals.
• Turnover: The total market value of traded shares amounted to NGN 10,150,434,724.70.
2. Comparison with the Previous Trading Day (Friday, November 29, 2024):
• Volume: Declined by 12%, indicating reduced trading activity.
• Turnover: Dropped significantly by 33%, showing a notable decrease in the monetary value of shares traded.
• Deals: Increased by 23%, reflecting more transactions despite lower volume and turnover.
3. Market Capitalization:
• The NGX’s current market capitalization stands at NGN 59.3 trillion.
Stock Performance Highlights
1. Gainers:
• Lafarge Wapco: Led the gainers’ chart with a 10% price increase, closing at NGN 63.80 per share.
• Africa Prudential, Abbey Mortgage Bank: Also gained 10% each.
• VFD Group: Increased by 9.88%.
2. Losers:
• E-Tranzact International: Topped the losers’ chart with a 10% price decline, closing at NGN 6.75 per share.
• NCR Nigeria: Fell by 9.92%.
• FTN Cocoa Processors: Declined by 8.29%.
• Honeywell Flour Mill: Dropped by 5.92%.
Volume Leaders
• Japaul Gold and Ventures: Recorded the highest trading volume of 72 million shares.
• United Bank for Africa (UBA): Traded 67.9 million shares.
• Access Holdings: Had a volume of 53.6 million shares.
• Lafarge Wapco: Traded 21.3 million shares.
Summary Insight
While the market saw reduced trading volume and turnover compared to the previous trading day, the increased number of deals suggests heightened transactional activity, possibly reflecting investor interest in certain equities. The gains led by Lafarge Wapco and losses by E-Tranzact highlight divergent investor sentiments across sectors. The market capitalization remains strong at NGN 59.3 trillion, signifying overall market stability as December kicks off.