Nigerian Stock Exchange (NGX) Daily Market Summary – November 6, 2024

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Olori Uwem

Active Member
Mar 18, 2024
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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.