NGX Trading Summary for Tuesday, October 29, 2024

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Olori Uwem

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Mar 18, 2024
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NGX Trading Summary for Tuesday, October 29, 2024

On Tuesday, October 29, the Nigerian Stock Exchange (NGX) witnessed substantial trading activity. Here’s a breakdown of the day’s performance:

1. Overall Market Activity:

• Shares Traded: 399.3 million shares across 9,547 transactions.

• Market Value: NGN 8.93 billion, marking a 96% increase from the previous day.

• Market Capitalization: NGN 59.4 trillion.

2. Volume and Turnover:

• There was a 13% increase in trading volume and a slight 1% rise in deal count from Monday’s session, reflecting enhanced market engagement.

3. Gainers and Losers:

• Gainers: Out of the 123 traded equities, 26 companies saw price increases. Notable gainers included:

• Northern Nigeria Flour Mills: +10%, closing at NGN 37.40

• Eunisell Interlinked: +9.87%

• The Initiates: +9.81%

• Livestock Feeds: +7.73%

• Losers: 32 companies recorded declines. Key losers were:

• Cadbury Nigeria: -9.89%, ending at NGN 16.40

• Academy Press: -9.87%

• Royal Exchange: -9.72%

• Aradel Holdings: -8.33%

4. Most Traded Stocks:

• Leading in trade volume:

• United Bank for Africa: 90.4 million shares

• Chams: 80.6 million shares

• Transcorp Nigeria: 31.7 million shares

• Zenith Bank: 22.9 million shares

5. Market Indices Performance:

• The All-Share Index (ASI) dropped by 0.66%, settling at 98,058.07 points, indicating a short-term downtrend but showing an impressive year-to-date growth of 31.14%.

• Other notable indices:

• NGX Top 30: -0.41% daily, +31.37% YTD

• NGX Insurance: +0.18% daily, +38.46% YTD

• NGX Oil & Gas: +0.03% daily, +117.96% YTD

• NGX Consumer Goods: -0.01% daily, +38.68% YTD

• NGX Premium Index: -0.25% daily, +25.73% YTD

These figures highlight the NGX’s resilience amid economic challenges and reflect active investor interest across multiple sectors.