NGX Trading Summary for Monday, January 6, 2025
The Nigerian Stock Exchange (NGX) started the week with notable improvements in trading activity, reflecting increased investor participation across key metrics.
Market Performance Overview
• Total Volume of Shares Traded: 855,965,099 shares
• Total Value of Transactions: NGN 13,249,496,009.41
• Number of Deals: 16,505
• Market Capitalization: NGN 63.2 trillion
Day-on-Day Comparison
Compared to the previous trading day (Friday, January 3, 2025):
• Volume: Increased by 21%
• Turnover: Increased by 61%
• Number of Deals: Increased by 21%
Market Breadth
Out of the 128 equities that participated in trading:
• Gainers: 48 stocks
• Losers: 19 stocks
• Unchanged: 61 stocks
Top Gainers
1. Wema Bank
• Change: +10%
• Closing Price: NGN 11.00 per share
2. Daar Communications
• Change: +10%
3. Honeywell Flour Mill
• Change: +9.99%
4. Wapic Insurance
• Change: +9.96%
Top Losers
1. Cutix
• Change: -5.45%
• Closing Price: NGN 2.60 per share
2. Caverton Offshore Support Group
• Change: -5.36%
3. Jaiz Bank
• Change: -5.23%
4. Champion Breweries
• Change: -4.53%
Top Traded Stocks by Volume
1. Chams
• Volume: 80.8 million shares
2. Veritas Kapital Assurance
• Volume: 60.5 million shares
3. Access Holdings
• Volume: 54.3 million shares
4. Guaranty Trust Holding Company
• Volume: 54 million shares
Summary
The NGX witnessed a strong start to the week, marked by robust trading activity and positive sentiment, as indicated by a higher number of gainers relative to losers. The banking and insurance sectors dominated market activity, with stocks like Wema Bank and Chams recording significant gains and volumes, respectively.
The Nigerian Stock Exchange (NGX) started the week with notable improvements in trading activity, reflecting increased investor participation across key metrics.
Market Performance Overview
• Total Volume of Shares Traded: 855,965,099 shares
• Total Value of Transactions: NGN 13,249,496,009.41
• Number of Deals: 16,505
• Market Capitalization: NGN 63.2 trillion
Day-on-Day Comparison
Compared to the previous trading day (Friday, January 3, 2025):
• Volume: Increased by 21%
• Turnover: Increased by 61%
• Number of Deals: Increased by 21%
Market Breadth
Out of the 128 equities that participated in trading:
• Gainers: 48 stocks
• Losers: 19 stocks
• Unchanged: 61 stocks
Top Gainers
1. Wema Bank
• Change: +10%
• Closing Price: NGN 11.00 per share
2. Daar Communications
• Change: +10%
3. Honeywell Flour Mill
• Change: +9.99%
4. Wapic Insurance
• Change: +9.96%
Top Losers
1. Cutix
• Change: -5.45%
• Closing Price: NGN 2.60 per share
2. Caverton Offshore Support Group
• Change: -5.36%
3. Jaiz Bank
• Change: -5.23%
4. Champion Breweries
• Change: -4.53%
Top Traded Stocks by Volume
1. Chams
• Volume: 80.8 million shares
2. Veritas Kapital Assurance
• Volume: 60.5 million shares
3. Access Holdings
• Volume: 54.3 million shares
4. Guaranty Trust Holding Company
• Volume: 54 million shares
Summary
The NGX witnessed a strong start to the week, marked by robust trading activity and positive sentiment, as indicated by a higher number of gainers relative to losers. The banking and insurance sectors dominated market activity, with stocks like Wema Bank and Chams recording significant gains and volumes, respectively.