NGX Trading Summary for Thursday, January 2, 2025
Today’s trading session on the Nigerian Exchange (NGX) recorded significant activity, with 829,754,438 shares traded across 11,752 deals, amounting to a total market value of NGN 5,666,568,514.11.
Key Comparisons to Previous Trading Session (December 31, 2024):
• Volume: Increased by 90%, indicating a sharp rise in the number of shares traded.
• Turnover: Dropped significantly by 86%, reflecting lower monetary value traded despite the higher volume.
• Deals: Improved by 33%, highlighting an increase in trading activity and transactions.
The current market capitalization of the NGX stands at an impressive NGN 62.9 trillion, underscoring the Exchange’s robust position.
Market Participation
• 127 equities were traded today.
• 58 stocks gained, while 8 stocks declined, showcasing a largely positive trading sentiment.
Top Gainers
1. AXA Mansard Insurance:
• Share price rose by 10%, closing at NGN 9.02.
2. NCR Nigeria:
• Gained 10%.
3. Cornerstone Insurance Company:
• Recorded a 10% increase.
4. RT Briscoe:
• Closed with a 10% appreciation.
Top Losers
1. Ellah Lakes:
• Declined by 4.75%, ending the day at NGN 3.01.
2. National Salt Company:
• Lost 4.31%.
3. Computer Warehouse Group:
• Dropped by 3.25%.
4. Fidelity Bank:
• Fell by 2.86%.
Most Traded Stocks by Volume
1. Royal Exchange:
• Dominated trading with 291 million shares.
2. Chams:
• Recorded 63.7 million shares.
3. AIICO Insurance:
• Traded 58.6 million shares.
4. Veritas Kapital Assurance:
• Accounted for 43.4 million shares.
Today’s market activity highlights strong investor interest and a predominance of gains across the board, despite the decline in turnover. With the new year underway, the NGX shows promise for continued growth and vibrancy.
Today’s trading session on the Nigerian Exchange (NGX) recorded significant activity, with 829,754,438 shares traded across 11,752 deals, amounting to a total market value of NGN 5,666,568,514.11.
Key Comparisons to Previous Trading Session (December 31, 2024):
• Volume: Increased by 90%, indicating a sharp rise in the number of shares traded.
• Turnover: Dropped significantly by 86%, reflecting lower monetary value traded despite the higher volume.
• Deals: Improved by 33%, highlighting an increase in trading activity and transactions.
The current market capitalization of the NGX stands at an impressive NGN 62.9 trillion, underscoring the Exchange’s robust position.
Market Participation
• 127 equities were traded today.
• 58 stocks gained, while 8 stocks declined, showcasing a largely positive trading sentiment.
Top Gainers
1. AXA Mansard Insurance:
• Share price rose by 10%, closing at NGN 9.02.
2. NCR Nigeria:
• Gained 10%.
3. Cornerstone Insurance Company:
• Recorded a 10% increase.
4. RT Briscoe:
• Closed with a 10% appreciation.
Top Losers
1. Ellah Lakes:
• Declined by 4.75%, ending the day at NGN 3.01.
2. National Salt Company:
• Lost 4.31%.
3. Computer Warehouse Group:
• Dropped by 3.25%.
4. Fidelity Bank:
• Fell by 2.86%.
Most Traded Stocks by Volume
1. Royal Exchange:
• Dominated trading with 291 million shares.
2. Chams:
• Recorded 63.7 million shares.
3. AIICO Insurance:
• Traded 58.6 million shares.
4. Veritas Kapital Assurance:
• Accounted for 43.4 million shares.
Today’s market activity highlights strong investor interest and a predominance of gains across the board, despite the decline in turnover. With the new year underway, the NGX shows promise for continued growth and vibrancy.