NGX Market Report for Friday, January 17, 2025
At the close of trading on Friday, January 17, 2025, the Nigerian Exchange (NGX) recorded a total of 327.84 million shares traded in 11,905 deals, with a market value of NGN 11.81 billion. This represents a 30% decline in trading volume, a 20% decrease in turnover, and a 3% drop in the number of deals compared to the previous trading session on Thursday, January 16, 2025.
The total market capitalization of the NGX stood at NGN 62.4 trillion at the end of the trading session.
Top Gainers
Out of the 128 equities that participated in trading, 34 stocks recorded gains, with the top performers being:
• Livestock Feeds Plc: +10% to close at NGN 5.94 per share
• Caverton Offshore Support Group: +10%
• Sovereign Trust Insurance: +10%
• Neimeth International Pharmaceuticals: +9.94%
Top Losers
Meanwhile, 23 stocks declined in value, with the biggest losers being:
• Academy Press Plc: -9.74% to close at NGN 3.15 per share
• PZ Cussons Nigeria: -9.09%
• Daar Communications: -8.64%
• Transcorp Nigeria: -5.91%
Most Traded Stocks (By Volume)
The most actively traded stocks in terms of volume were:
• Access Holdings: 49.1 million shares
• Fidelity Bank: 20.4 million shares
• United Bank for Africa (UBA): 20.1 million shares
• Oando Plc: 14.8 million shares
The session closed on a mixed note, with investors showing cautious sentiment amid declines in market activity.
At the close of trading on Friday, January 17, 2025, the Nigerian Exchange (NGX) recorded a total of 327.84 million shares traded in 11,905 deals, with a market value of NGN 11.81 billion. This represents a 30% decline in trading volume, a 20% decrease in turnover, and a 3% drop in the number of deals compared to the previous trading session on Thursday, January 16, 2025.
The total market capitalization of the NGX stood at NGN 62.4 trillion at the end of the trading session.
Top Gainers
Out of the 128 equities that participated in trading, 34 stocks recorded gains, with the top performers being:
• Livestock Feeds Plc: +10% to close at NGN 5.94 per share
• Caverton Offshore Support Group: +10%
• Sovereign Trust Insurance: +10%
• Neimeth International Pharmaceuticals: +9.94%
Top Losers
Meanwhile, 23 stocks declined in value, with the biggest losers being:
• Academy Press Plc: -9.74% to close at NGN 3.15 per share
• PZ Cussons Nigeria: -9.09%
• Daar Communications: -8.64%
• Transcorp Nigeria: -5.91%
Most Traded Stocks (By Volume)
The most actively traded stocks in terms of volume were:
• Access Holdings: 49.1 million shares
• Fidelity Bank: 20.4 million shares
• United Bank for Africa (UBA): 20.1 million shares
• Oando Plc: 14.8 million shares
The session closed on a mixed note, with investors showing cautious sentiment amid declines in market activity.