NGX TRADING SUMMARY FOR MONDAY, SEPTEMBER 23, 2024:
On the first trading day of the week, the Nigerian Stock Exchange (NGX) reported a total of 410.4 million shares traded in 10,669 deals, amounting to a market value of NGN 5.51 billion. When compared to the trading activity of the previous day (Friday, September 20, 2024):
Volume of shares traded decreased by 26%.
Turnover dropped significantly by 46%.
The number of deals improved by 23%.
Market Capitalization:
The overall market capitalization of the NGX currently stands at NGN 56.5 trillion.
Performance of Listed Equities:
A total of 124 equities participated in Monday’s trading.
32 stocks gained, while 20 stocks declined.
Top Gainers:
FCMB Group led with a 10% rise in its share price, closing at NGN 8.80.
McNichols also appreciated by 10%, followed by Fidelity Bank (+9.93%), and Tantalizers (+9.84%).
Top Losers:
Berger Paints was the worst performer, with a price drop of 9.83%, closing at NGN 21.10.
Other notable losers included Daar Communications (-9.33%), Deap Capital Management & Trust (-9.09%), and Secure Electronic Technology (-7.46%).
Highest Volume Traders:
Transcorp Nigeria recorded the highest volume, with 66.8 million shares traded.
Fidelity Bank followed with 43.1 million shares, while Access Holdings and NPF Microfinance Bank traded 25.1 million and 24.6 million shares, respectively.
NGX All-Share Index:
The NGX All-Share Index (ASI) increased by 138.61 points (0.14%) to close at 98,386.60.
Performance over time:
1-week gain: 0.95%
4-week gain: 2.51%
Year-to-date gain: 31.58%
This performance reflects a continued uptrend in the Nigerian stock market, despite mixed results in trading volumes and turnovers.
On the first trading day of the week, the Nigerian Stock Exchange (NGX) reported a total of 410.4 million shares traded in 10,669 deals, amounting to a market value of NGN 5.51 billion. When compared to the trading activity of the previous day (Friday, September 20, 2024):
Volume of shares traded decreased by 26%.
Turnover dropped significantly by 46%.
The number of deals improved by 23%.
Market Capitalization:
The overall market capitalization of the NGX currently stands at NGN 56.5 trillion.
Performance of Listed Equities:
A total of 124 equities participated in Monday’s trading.
32 stocks gained, while 20 stocks declined.
Top Gainers:
FCMB Group led with a 10% rise in its share price, closing at NGN 8.80.
McNichols also appreciated by 10%, followed by Fidelity Bank (+9.93%), and Tantalizers (+9.84%).
Top Losers:
Berger Paints was the worst performer, with a price drop of 9.83%, closing at NGN 21.10.
Other notable losers included Daar Communications (-9.33%), Deap Capital Management & Trust (-9.09%), and Secure Electronic Technology (-7.46%).
Highest Volume Traders:
Transcorp Nigeria recorded the highest volume, with 66.8 million shares traded.
Fidelity Bank followed with 43.1 million shares, while Access Holdings and NPF Microfinance Bank traded 25.1 million and 24.6 million shares, respectively.
NGX All-Share Index:
The NGX All-Share Index (ASI) increased by 138.61 points (0.14%) to close at 98,386.60.
Performance over time:
1-week gain: 0.95%
4-week gain: 2.51%
Year-to-date gain: 31.58%
This performance reflects a continued uptrend in the Nigerian stock market, despite mixed results in trading volumes and turnovers.
