NGX Market Report for January 30, 2025: Trading Volume Rises by 19% as Market Capitalization Hits NGN 64.7 Trillion
The Nigerian Exchange Limited (NGX) closed Thursday’s trading session on January 30, 2025, with a total of 497.36 million shares traded across 13,716 deals, amounting to a market value of NGN 11.84 billion.
Compared to the previous trading day (Wednesday, January 29, 2025), the market saw a 19% increase in trading volume, although turnover declined by 12%, and the number of deals dropped by 16%. The current market capitalization stands at NGN 64.7 trillion.
Top Gainers and Losers
Out of 126 equities that participated in trading, 39 stocks gained, while 25 declined.
Top Gainers:
1. Honeywell Flour Mill – +10% (Closed at NGN 9.35)
2. Chellarams Plc – +10%
3. Northern Nigeria Flour Mills – +9.98%
4. Skyway Aviation Handling Co. – +9.89%
Top Losers:
1. Guinea Insurance – -10% (Closed at NGN 0.72)
2. RT Briscoe – -9.7%
3. Veritas Kapital Assurance – -9.3%
4. May & Baker Nigeria – -8.95%
Most Traded Stocks by Volume:
1. FBN Holdings – 83.1 million shares
2. Veritas Kapital Assurance – 40 million shares
3. Universal Insurance Company – 26.8 million shares
4. Fidelity Bank – 24.8 million shares
The market activity suggests increased investor participation, particularly in high-volume stocks, despite a mixed performance across various sectors.
The Nigerian Exchange Limited (NGX) closed Thursday’s trading session on January 30, 2025, with a total of 497.36 million shares traded across 13,716 deals, amounting to a market value of NGN 11.84 billion.
Compared to the previous trading day (Wednesday, January 29, 2025), the market saw a 19% increase in trading volume, although turnover declined by 12%, and the number of deals dropped by 16%. The current market capitalization stands at NGN 64.7 trillion.
Top Gainers and Losers
Out of 126 equities that participated in trading, 39 stocks gained, while 25 declined.
Top Gainers:
1. Honeywell Flour Mill – +10% (Closed at NGN 9.35)
2. Chellarams Plc – +10%
3. Northern Nigeria Flour Mills – +9.98%
4. Skyway Aviation Handling Co. – +9.89%
Top Losers:
1. Guinea Insurance – -10% (Closed at NGN 0.72)
2. RT Briscoe – -9.7%
3. Veritas Kapital Assurance – -9.3%
4. May & Baker Nigeria – -8.95%
Most Traded Stocks by Volume:
1. FBN Holdings – 83.1 million shares
2. Veritas Kapital Assurance – 40 million shares
3. Universal Insurance Company – 26.8 million shares
4. Fidelity Bank – 24.8 million shares
The market activity suggests increased investor participation, particularly in high-volume stocks, despite a mixed performance across various sectors.