NGX Trading Summary for Tuesday, November 19, 2024
Today’s trading session on the Nigerian Stock Exchange (NGX) witnessed notable market activities, reflecting diverse investor sentiments. Here’s a detailed breakdown:
Market Performance Highlights
• Volume: A total of 333,948,810 shares were traded across the market. This marks a 19% decline compared to Monday’s trading session.
• Value: Shares traded amounted to NGN 6.42 billion, showing a 20% improvement in turnover compared to the previous day.
• Deals: A total of 9,187 deals were executed, indicating a 2% improvement from Monday.
• Market Capitalization: The total value of listed equities now stands at an impressive NGN 59.4 trillion.
Gainers and Losers
Out of the 123 equities that participated in trading:
• Gainers:
• Lafarge WAPCO led the pack with a 10% price increase, closing at NGN 50.60 per share.
• Other top gainers include:
• Unilever Nigeria (+10%)
• Eunisell Interlinked (+9.94%)
• SCOA Nigeria (+9.94%)
• Losers:
• PZ Cussons Nigeria was the biggest loser, with a 9.82% price decline, closing at NGN 22.50 per share.
• Other decliners include:
• The Initiates (-8.7%)
• Berger Paints (-7.71%)
• Honeywell Flour Mill (-4.85%)
Top Traded Stocks
• Access Holdings: Led in trading volume, with 37.8 million shares traded.
• Japaul Gold and Ventures: Recorded 26.5 million shares in transactions.
• Chams: Traded 23.7 million shares.
• Consolidated Hallmark Holdings: Completed the top four, with 16.4 million shares traded.
Market Observations
• The trading day saw a mix of profit-taking and bargain hunting, leading to gains in some sectors and declines in others.
• The improvements in turnover and deals, despite a decline in volume, suggest increased investor confidence in high-value stocks.
Conclusion
The NGX continues to display resilience, with investors focusing on opportunities for returns amidst fluctuating market conditions. Today’s activity highlights the strategic moves of market participants, with significant attention on volume leaders and high-performing equities.
This performance reflects the dynamism of Nigeria’s capital market, reinforcing its appeal to local and foreign investors alike.
Today’s trading session on the Nigerian Stock Exchange (NGX) witnessed notable market activities, reflecting diverse investor sentiments. Here’s a detailed breakdown:
Market Performance Highlights
• Volume: A total of 333,948,810 shares were traded across the market. This marks a 19% decline compared to Monday’s trading session.
• Value: Shares traded amounted to NGN 6.42 billion, showing a 20% improvement in turnover compared to the previous day.
• Deals: A total of 9,187 deals were executed, indicating a 2% improvement from Monday.
• Market Capitalization: The total value of listed equities now stands at an impressive NGN 59.4 trillion.
Gainers and Losers
Out of the 123 equities that participated in trading:
• Gainers:
• Lafarge WAPCO led the pack with a 10% price increase, closing at NGN 50.60 per share.
• Other top gainers include:
• Unilever Nigeria (+10%)
• Eunisell Interlinked (+9.94%)
• SCOA Nigeria (+9.94%)
• Losers:
• PZ Cussons Nigeria was the biggest loser, with a 9.82% price decline, closing at NGN 22.50 per share.
• Other decliners include:
• The Initiates (-8.7%)
• Berger Paints (-7.71%)
• Honeywell Flour Mill (-4.85%)
Top Traded Stocks
• Access Holdings: Led in trading volume, with 37.8 million shares traded.
• Japaul Gold and Ventures: Recorded 26.5 million shares in transactions.
• Chams: Traded 23.7 million shares.
• Consolidated Hallmark Holdings: Completed the top four, with 16.4 million shares traded.
Market Observations
• The trading day saw a mix of profit-taking and bargain hunting, leading to gains in some sectors and declines in others.
• The improvements in turnover and deals, despite a decline in volume, suggest increased investor confidence in high-value stocks.
Conclusion
The NGX continues to display resilience, with investors focusing on opportunities for returns amidst fluctuating market conditions. Today’s activity highlights the strategic moves of market participants, with significant attention on volume leaders and high-performing equities.
This performance reflects the dynamism of Nigeria’s capital market, reinforcing its appeal to local and foreign investors alike.