NGX Trading Summary for Wednesday, May 14, 2025
Market Momentum Builds as Turnover Soars by 84% — NGX Ends Midweek Strong
At the close of trading today on the Nigerian Exchange (NGX), a total of 531.29 million shares were exchanged in 14,870 deals, amounting to a combined market value of ₦19.81 billion.
Compared to Tuesday, May 13, today’s activity showed a 7% improvement in trading volume and an impressive 84% surge in turnover, reflecting heightened investor participation and renewed market energy.
The market capitalization stood firm at ₦68.6 trillion, reinforcing confidence in the Nigerian equity market’s strength and resilience.
Out of the 128 listed equities that participated in the session, 34 stocks gained, 24 declined, and the rest closed flat — a clear indication of positive market breadth.
Top gainers of the day included Northern Nigeria Flour Mills, which recorded a 10% price increase to close at ₦99.55. It was followed by McNichols, Champion Breweries, and Caverton Offshore Support Group, all of which posted nearly double-digit gains, reflecting strong investor interest in select industrial and transport stocks.
On the flip side, Multiverse Mining & Exploration led the laggards with a 9.63% drop to ₦9.85 per share. Legend Internet, Veritas Kapital Assurance, and Transcorp Nigeria also ended the day in the red, possibly due to profit-taking or investor repositioning.
In terms of activity, Guaranty Trust Holding Company (GTCO) topped the volume chart with 53.3 million shares traded, followed closely by Access Holdings with 51.9 million, Fidelity Bank with 40.5 million, and Nigerian Breweries with 35.8 million. This confirms continued strong interest in the banking and consumer goods sectors.
The midweek rally, especially the significant boost in value traded, suggests renewed optimism in the market and bodes well for investor sentiment heading into the second half of the week.
Market Momentum Builds as Turnover Soars by 84% — NGX Ends Midweek Strong
At the close of trading today on the Nigerian Exchange (NGX), a total of 531.29 million shares were exchanged in 14,870 deals, amounting to a combined market value of ₦19.81 billion.
Compared to Tuesday, May 13, today’s activity showed a 7% improvement in trading volume and an impressive 84% surge in turnover, reflecting heightened investor participation and renewed market energy.
The market capitalization stood firm at ₦68.6 trillion, reinforcing confidence in the Nigerian equity market’s strength and resilience.
Out of the 128 listed equities that participated in the session, 34 stocks gained, 24 declined, and the rest closed flat — a clear indication of positive market breadth.
Top gainers of the day included Northern Nigeria Flour Mills, which recorded a 10% price increase to close at ₦99.55. It was followed by McNichols, Champion Breweries, and Caverton Offshore Support Group, all of which posted nearly double-digit gains, reflecting strong investor interest in select industrial and transport stocks.
On the flip side, Multiverse Mining & Exploration led the laggards with a 9.63% drop to ₦9.85 per share. Legend Internet, Veritas Kapital Assurance, and Transcorp Nigeria also ended the day in the red, possibly due to profit-taking or investor repositioning.
In terms of activity, Guaranty Trust Holding Company (GTCO) topped the volume chart with 53.3 million shares traded, followed closely by Access Holdings with 51.9 million, Fidelity Bank with 40.5 million, and Nigerian Breweries with 35.8 million. This confirms continued strong interest in the banking and consumer goods sectors.
The midweek rally, especially the significant boost in value traded, suggests renewed optimism in the market and bodes well for investor sentiment heading into the second half of the week.