NGX Trading Summary for Monday, November 11, 2024
The Nigerian Stock Exchange (NGX) reported a significant amount of trading activity on Monday, November 11. Here’s a detailed breakdown:
1. Overall Market Performance:
• Volume: 297.8 million shares were traded.
• Deals: A total of 9,902 transactions were recorded.
• Turnover: The market value of traded shares was NGN 7.52 billion.
• Market Capitalization: The current total market value stands at NGN 59 trillion.
2. Comparison to Previous Trading Day (Friday, November 8):
• Volume Decline: Today’s trading volume fell by 38%.
• Turnover Decline: The value of trades decreased by 17%.
• Increase in Deals: The number of deals increased by 10%.
3. Top Gainers:
• Eunisell Interlinked: Led the gainers with a 10% price increase, closing at NGN 9.02 per share.
• Aradel Holdings: Gained 9.99%.
• John Holt: Rose by 9.98%.
• Deap Capital Management & Trust: Increased by 9.35%.
4. Top Losers:
• United Capital: Recorded the largest decline, with a 9.78% drop to NGN 16.15 per share.
• Sovereign Trust Insurance: Fell by 7.25%.
• Prestige Assurance Company: Decreased by 6.67%.
• Consolidated Hallmark Holdings: Declined by 5.88%.
5. Most Traded Stocks by Volume:
• Sterling Bank: Highest volume with 36.1 million shares traded.
• United Bank for Africa: 33.5 million shares traded.
• Access Holdings: 24.6 million shares traded.
• Flour Mills Nigeria: 15 million shares traded.
This activity shows a mixed trading session on the NGX, with a slight improvement in deal counts despite lower trading volumes and turnover compared to the previous day.
The Nigerian Stock Exchange (NGX) reported a significant amount of trading activity on Monday, November 11. Here’s a detailed breakdown:
1. Overall Market Performance:
• Volume: 297.8 million shares were traded.
• Deals: A total of 9,902 transactions were recorded.
• Turnover: The market value of traded shares was NGN 7.52 billion.
• Market Capitalization: The current total market value stands at NGN 59 trillion.
2. Comparison to Previous Trading Day (Friday, November 8):
• Volume Decline: Today’s trading volume fell by 38%.
• Turnover Decline: The value of trades decreased by 17%.
• Increase in Deals: The number of deals increased by 10%.
3. Top Gainers:
• Eunisell Interlinked: Led the gainers with a 10% price increase, closing at NGN 9.02 per share.
• Aradel Holdings: Gained 9.99%.
• John Holt: Rose by 9.98%.
• Deap Capital Management & Trust: Increased by 9.35%.
4. Top Losers:
• United Capital: Recorded the largest decline, with a 9.78% drop to NGN 16.15 per share.
• Sovereign Trust Insurance: Fell by 7.25%.
• Prestige Assurance Company: Decreased by 6.67%.
• Consolidated Hallmark Holdings: Declined by 5.88%.
5. Most Traded Stocks by Volume:
• Sterling Bank: Highest volume with 36.1 million shares traded.
• United Bank for Africa: 33.5 million shares traded.
• Access Holdings: 24.6 million shares traded.
• Flour Mills Nigeria: 15 million shares traded.
This activity shows a mixed trading session on the NGX, with a slight improvement in deal counts despite lower trading volumes and turnover compared to the previous day.