NGX Trading Summary for Tuesday, December 17, 2024
The Nigerian Stock Exchange (NGX) experienced an eventful trading day with a total of 477,880,829 shares exchanged in 9,578 deals, amounting to a market value of NGN 21.39 billion.
Key Highlights:
• Decline in Volume: Compared to Monday, December 16, trading volume fell by 35%, indicating reduced market activity in terms of the number of shares traded.
• Turnover Boost: The total market value of transactions improved by 27%, showing increased monetary inflows despite lower trading volumes.
• Fewer Deals: The number of transactions (deals) decreased by 8%, reflecting slightly reduced trading activity among investors.
• Market Capitalization: The overall value of the NGX market stood at NGN 60.7 trillion, underscoring the size of the exchange.
Performance Breakdown
Out of the 124 equities that participated in trading:
• Gainers: 25 stocks recorded price increases.
• Losers: 26 stocks declined in price.
• The remaining stocks remained unchanged.
Top Gainers:
1. MRS Oil Nigeria:
• Price Increase: +10%
• Closing Price: NGN 145.20 per share
2. Wapic Insurance:
• Price Increase: +10%
3. Caverton Offshore Support Group:
• Price Increase: +9.68%
4. Lasaco Assurance:
• Price Increase: +9.41%
Top Losers:
1. Cutix:
• Price Decline: -10%
• Closing Price: NGN 2.25 per share
2. Tantalizers:
• Price Decline: -9.73%
3. Daar Communications:
• Price Decline: -7.02%
4. Oando:
• Price Decline: -6.1%
Most Active Stocks (By Volume):
1. E-Tranzact International:
• Shares Traded: 70.2 million
2. Transcorp Hotels:
• Shares Traded: 70 million
3. Oando:
• Shares Traded: 26.4 million
4. Veritas Kapital Assurance:
• Shares Traded: 21.3 million
This snapshot highlights key trends, including the dominance of financial and oil-related stocks in trading volume and price movement, alongside the market’s resilience amidst varying investor activity.
The Nigerian Stock Exchange (NGX) experienced an eventful trading day with a total of 477,880,829 shares exchanged in 9,578 deals, amounting to a market value of NGN 21.39 billion.
Key Highlights:
• Decline in Volume: Compared to Monday, December 16, trading volume fell by 35%, indicating reduced market activity in terms of the number of shares traded.
• Turnover Boost: The total market value of transactions improved by 27%, showing increased monetary inflows despite lower trading volumes.
• Fewer Deals: The number of transactions (deals) decreased by 8%, reflecting slightly reduced trading activity among investors.
• Market Capitalization: The overall value of the NGX market stood at NGN 60.7 trillion, underscoring the size of the exchange.
Performance Breakdown
Out of the 124 equities that participated in trading:
• Gainers: 25 stocks recorded price increases.
• Losers: 26 stocks declined in price.
• The remaining stocks remained unchanged.
Top Gainers:
1. MRS Oil Nigeria:
• Price Increase: +10%
• Closing Price: NGN 145.20 per share
2. Wapic Insurance:
• Price Increase: +10%
3. Caverton Offshore Support Group:
• Price Increase: +9.68%
4. Lasaco Assurance:
• Price Increase: +9.41%
Top Losers:
1. Cutix:
• Price Decline: -10%
• Closing Price: NGN 2.25 per share
2. Tantalizers:
• Price Decline: -9.73%
3. Daar Communications:
• Price Decline: -7.02%
4. Oando:
• Price Decline: -6.1%
Most Active Stocks (By Volume):
1. E-Tranzact International:
• Shares Traded: 70.2 million
2. Transcorp Hotels:
• Shares Traded: 70 million
3. Oando:
• Shares Traded: 26.4 million
4. Veritas Kapital Assurance:
• Shares Traded: 21.3 million
This snapshot highlights key trends, including the dominance of financial and oil-related stocks in trading volume and price movement, alongside the market’s resilience amidst varying investor activity.