Nigerian Stock Exchange (NGX) Trading Summary for Friday, November 1, 2024:
On Friday, November 1, 2024, trading on the Nigerian Stock Exchange (NGX) saw a significant boost in volume and turnover. Here’s a breakdown of the day’s trading activity:
1. Trading Volume and Turnover:
• A total of 888.8 million shares were traded across 8,803 deals, with a total value of NGN 15.84 billion.
• Compared to the previous trading day on Thursday, October 31, there was a 67% increase in traded volume and a 79% rise in turnover, although the number of deals dropped by 3%.
2. Market Capitalization:
• The NGX’s total market capitalization stood at NGN 59.1 trillion.
3. Equities Performance:
• Total Equities Traded: 123 NGX-listed equities were active in Friday’s session.
• Top Gainers:
• John Holt led with a 10% increase, closing at NGN 3.30 per share.
• Other gainers included Eunisell Interlinked (+9.98%), Red Star Express (+9.83%), and Wapic Insurance (+9.52%).
• Top Losers:
• Aradel Holdings dropped by 10% to NGN 445.60 per share.
• Ellah Lakes (-9.92%), Multiverse Mining & Exploration (-9.66%), and McNichols (-9.62%) also saw notable declines.
4. High-Volume Stocks:
• Fidelity Bank recorded the highest volume, with 541 million shares traded.
• Other high-volume stocks included Jaiz Bank (68.7 million), Chams (49.4 million), and Zenith Bank (40.7 million).
The day’s performance highlights continued investor interest, especially in high-volume stocks, while mixed performances across equities indicate ongoing market volatility.
On Friday, November 1, 2024, trading on the Nigerian Stock Exchange (NGX) saw a significant boost in volume and turnover. Here’s a breakdown of the day’s trading activity:
1. Trading Volume and Turnover:
• A total of 888.8 million shares were traded across 8,803 deals, with a total value of NGN 15.84 billion.
• Compared to the previous trading day on Thursday, October 31, there was a 67% increase in traded volume and a 79% rise in turnover, although the number of deals dropped by 3%.
2. Market Capitalization:
• The NGX’s total market capitalization stood at NGN 59.1 trillion.
3. Equities Performance:
• Total Equities Traded: 123 NGX-listed equities were active in Friday’s session.
• Top Gainers:
• John Holt led with a 10% increase, closing at NGN 3.30 per share.
• Other gainers included Eunisell Interlinked (+9.98%), Red Star Express (+9.83%), and Wapic Insurance (+9.52%).
• Top Losers:
• Aradel Holdings dropped by 10% to NGN 445.60 per share.
• Ellah Lakes (-9.92%), Multiverse Mining & Exploration (-9.66%), and McNichols (-9.62%) also saw notable declines.
4. High-Volume Stocks:
• Fidelity Bank recorded the highest volume, with 541 million shares traded.
• Other high-volume stocks included Jaiz Bank (68.7 million), Chams (49.4 million), and Zenith Bank (40.7 million).
The day’s performance highlights continued investor interest, especially in high-volume stocks, while mixed performances across equities indicate ongoing market volatility.