NGX Trading Summary for Thursday, March 6, 2025: Market Sees Decline in Volume and Turnover
At the close of trading on Thursday, March 6, 2025, the Nigerian Stock Exchange (NGX) recorded a total of 375.73 million shares traded in 11,447 deals, amounting to a market value of ₦10.19 billion. This represents a 4% decline in trading volume and a 10% decline in turnover compared to the previous day’s session on Wednesday, March 5, 2025.
Despite the decline in trading activity, the market capitalization of the NGX remains strong at ₦66.9 trillion.
Market Performance Overview
A total of 128 listed equities participated in today’s trading, with 35 stocks recording gains and 15 stocks closing in the red.
Top Gainers
• Transcorp Nigeria Plc led the gainers’ chart with a 9.98% increase, closing at ₦51.80 per share.
• SCOA Nigeria Plc followed closely, appreciating by 9.88%.
• Africa Prudential Plc gained 9.87%.
• Tantalizers Plc also saw a significant increase of 9.72%.
Top Losers
• MRS Oil Nigeria Plc led the decliners, losing 10% to close at ₦166.50 per share.
• Red Star Express Plc also shed 10% of its value.
• Sunu Assurances Nigeria Plc dropped by 10%.
• Lasaco Assurance Plc declined by 7.99%.
Most Traded Stocks by Volume
The most actively traded stocks for the day were:
• Guaranty Trust Holding Co. Plc (GTCO) – 49.9 million shares
• Access Holdings Plc – 43.9 million shares
• Zenith Bank Plc – 36.5 million shares
• Fidelity Bank Plc – 27.1 million shares
Market Outlook
Today’s session reflects a cautious trading sentiment, with a decline in both trading volume and turnover. However, the market capitalization remains strong, indicating resilience. The performance of the banking sector, particularly GTCO, Access Holdings, Zenith Bank, and Fidelity Bank, continues to drive market activity.
Investors will be watching upcoming sessions closely for further trends, especially with the ongoing market dynamics shaping stock movements.
At the close of trading on Thursday, March 6, 2025, the Nigerian Stock Exchange (NGX) recorded a total of 375.73 million shares traded in 11,447 deals, amounting to a market value of ₦10.19 billion. This represents a 4% decline in trading volume and a 10% decline in turnover compared to the previous day’s session on Wednesday, March 5, 2025.
Despite the decline in trading activity, the market capitalization of the NGX remains strong at ₦66.9 trillion.
Market Performance Overview
A total of 128 listed equities participated in today’s trading, with 35 stocks recording gains and 15 stocks closing in the red.
Top Gainers
• Transcorp Nigeria Plc led the gainers’ chart with a 9.98% increase, closing at ₦51.80 per share.
• SCOA Nigeria Plc followed closely, appreciating by 9.88%.
• Africa Prudential Plc gained 9.87%.
• Tantalizers Plc also saw a significant increase of 9.72%.
Top Losers
• MRS Oil Nigeria Plc led the decliners, losing 10% to close at ₦166.50 per share.
• Red Star Express Plc also shed 10% of its value.
• Sunu Assurances Nigeria Plc dropped by 10%.
• Lasaco Assurance Plc declined by 7.99%.
Most Traded Stocks by Volume
The most actively traded stocks for the day were:
• Guaranty Trust Holding Co. Plc (GTCO) – 49.9 million shares
• Access Holdings Plc – 43.9 million shares
• Zenith Bank Plc – 36.5 million shares
• Fidelity Bank Plc – 27.1 million shares
Market Outlook
Today’s session reflects a cautious trading sentiment, with a decline in both trading volume and turnover. However, the market capitalization remains strong, indicating resilience. The performance of the banking sector, particularly GTCO, Access Holdings, Zenith Bank, and Fidelity Bank, continues to drive market activity.
Investors will be watching upcoming sessions closely for further trends, especially with the ongoing market dynamics shaping stock movements.