NGX Trading Summary – Tuesday, November 5, 2024
Overall Market Performance
• Total Volume Traded: 540,769,495 shares.
• Total Value Traded: NGN 20.21 billion (across 10,676 deals).
• Market Capitalization: NGN 58.9 trillion.
Comparison with Previous Day (Monday, November 4)
• Trading Volume: Decreased by 56%, showing a significant drop in the number of shares traded.
• Turnover (Value of Trades): Improved by 42%, indicating higher-value trades despite lower volume.
• Deals Executed: Increased by 3%, suggesting marginally higher activity in trade count.
Market Sentiment
Out of the 124 listed equities traded:
• Gainers: 26 stocks increased in value.
• Losers: 21 stocks declined in value.
Top Gainers
1. Conoil: Gained 9.93%, closing at NGN 208.10 per share.
2. John Holt: Rose by 9.92%.
3. United Bank for Africa (UBA): Up by 9.87%.
4. Eunisell Interlinked: Increased by 9.87%.
Top Losers
1. Oando: Declined by 9.98%, closing at NGN 72.65 per share.
2. Daar Communications: Dropped by 9.68%.
3. Regency Alliance Insurance: Fell by 6.52%.
4. Veritas Kapital Assurance: Decreased by 6.25%.
Most Traded Stocks by Volume
• United Bank for Africa (UBA): Led with 202 million shares traded.
• Zenith Bank: 46.4 million shares.
• Veritas Kapital Assurance: 34.7 million shares.
• Julius Berger Nigeria: 26.3 million shares.
Overall, the NGX session showed mixed performance with fewer shares traded but higher value and deal count, reflecting selective interest in high-value transactions.
Overall Market Performance
• Total Volume Traded: 540,769,495 shares.
• Total Value Traded: NGN 20.21 billion (across 10,676 deals).
• Market Capitalization: NGN 58.9 trillion.
Comparison with Previous Day (Monday, November 4)
• Trading Volume: Decreased by 56%, showing a significant drop in the number of shares traded.
• Turnover (Value of Trades): Improved by 42%, indicating higher-value trades despite lower volume.
• Deals Executed: Increased by 3%, suggesting marginally higher activity in trade count.
Market Sentiment
Out of the 124 listed equities traded:
• Gainers: 26 stocks increased in value.
• Losers: 21 stocks declined in value.
Top Gainers
1. Conoil: Gained 9.93%, closing at NGN 208.10 per share.
2. John Holt: Rose by 9.92%.
3. United Bank for Africa (UBA): Up by 9.87%.
4. Eunisell Interlinked: Increased by 9.87%.
Top Losers
1. Oando: Declined by 9.98%, closing at NGN 72.65 per share.
2. Daar Communications: Dropped by 9.68%.
3. Regency Alliance Insurance: Fell by 6.52%.
4. Veritas Kapital Assurance: Decreased by 6.25%.
Most Traded Stocks by Volume
• United Bank for Africa (UBA): Led with 202 million shares traded.
• Zenith Bank: 46.4 million shares.
• Veritas Kapital Assurance: 34.7 million shares.
• Julius Berger Nigeria: 26.3 million shares.
Overall, the NGX session showed mixed performance with fewer shares traded but higher value and deal count, reflecting selective interest in high-value transactions.