Nigerian Stock Exchange (NGX) Daily Market Summary – November 6, 2024
1. Trading Activity Overview:
• Total Shares Traded: 418.4 million shares exchanged hands.
• Total Deals Executed: 9,021 transactions.
• Total Market Value: The day’s trades amounted to NGN 10.04 billion.
• Market Capitalization: The NGX currently stands at NGN 58.5 trillion.
2. Comparative Analysis (Day-on-Day):
• Volume Decline: Trading volume decreased by 23% compared to November 5.
• Turnover Decline: Total market turnover dropped by 50%.
• Deals Decline: The number of deals also fell, by 16%.
3. Market Performance by Listed Equities:
• Total Equities Traded: 126 NGX-listed stocks saw trading activity.
• Gainers: 20 stocks closed higher, led by:
• Eunisell Interlinked with a 9.87% rise, closing at NGN 7.46.
• Regency Alliance Insurance up 9.3%.
• Veritas Kapital Assurance increased by 9.17%.
• Daar Communications climbed 8.93%.
• Losers: 22 stocks declined in value, with top losers being:
• United Bank for Africa (UBA): down 9.99%, closing at NGN 31.55.
• Oando: declined by 9.98%.
• Thomas Wyatt Nigeria: decreased by 9.79%.
• National Salt Company: down 7.83%.
4. Top Traded Stocks by Volume:
• Sterling Bank led in trade volume with 79.6 million shares.
• UBA followed closely with 78.9 million shares.
• Access Holdings traded 44.4 million shares.
• Jaiz Bank recorded 43.6 million shares.
This summary highlights a significant day-to-day decline in trading volume, turnover, and transactions, alongside active trading in key financial stocks like UBA and Sterling Bank, as well as varied performances across gainers and losers.
1. Trading Activity Overview:
• Total Shares Traded: 418.4 million shares exchanged hands.
• Total Deals Executed: 9,021 transactions.
• Total Market Value: The day’s trades amounted to NGN 10.04 billion.
• Market Capitalization: The NGX currently stands at NGN 58.5 trillion.
2. Comparative Analysis (Day-on-Day):
• Volume Decline: Trading volume decreased by 23% compared to November 5.
• Turnover Decline: Total market turnover dropped by 50%.
• Deals Decline: The number of deals also fell, by 16%.
3. Market Performance by Listed Equities:
• Total Equities Traded: 126 NGX-listed stocks saw trading activity.
• Gainers: 20 stocks closed higher, led by:
• Eunisell Interlinked with a 9.87% rise, closing at NGN 7.46.
• Regency Alliance Insurance up 9.3%.
• Veritas Kapital Assurance increased by 9.17%.
• Daar Communications climbed 8.93%.
• Losers: 22 stocks declined in value, with top losers being:
• United Bank for Africa (UBA): down 9.99%, closing at NGN 31.55.
• Oando: declined by 9.98%.
• Thomas Wyatt Nigeria: decreased by 9.79%.
• National Salt Company: down 7.83%.
4. Top Traded Stocks by Volume:
• Sterling Bank led in trade volume with 79.6 million shares.
• UBA followed closely with 78.9 million shares.
• Access Holdings traded 44.4 million shares.
• Jaiz Bank recorded 43.6 million shares.
This summary highlights a significant day-to-day decline in trading volume, turnover, and transactions, alongside active trading in key financial stocks like UBA and Sterling Bank, as well as varied performances across gainers and losers.