NGX trading summary for Friday, December 13, 2024
Market Overview
• Total Volume Traded: 534.2 million shares
• Total Deals Executed: 8,463
• Total Market Turnover: NGN 7.43 billion
• Market Capitalization: NGN 60.3 trillion
Compared to the previous trading day (Thursday, December 12, 2024):
• Volume: Increased by 9%
• Turnover: Improved by 5%
• Deals: Rose by 2%
Performance Highlights
Gainers
• Top Performer: Aradel Holdings led the gainers with a 10% increase, closing at NGN 550.00.
• Other notable gainers:
• Ikeja Hotel (+10%)
• Caverton Offshore Support Group (+10%)
• Africa Prudential (+9.87%)
Losers
• Biggest Loser: Austin Laz & Company fell by 10%, closing at NGN 1.62.
• Other declining stocks:
• Associated Bus Company (-8%)
• Royal Exchange (-7.69%)
• Secure Electronic Technology (-5.26%)
Trade Volume Leaders
1. Japaul Gold and Ventures: 71.7 million shares
2. E-Tranzact International: 70.7 million shares
3. Tantalizers: 57.3 million shares
4. FCMB Group: 33 million shares
Insights
• The market experienced moderate growth across volume, turnover, and deals, reflecting a positive trading sentiment.
• Gains in Aradel Holdings and other top stocks suggest strong investor interest in selected equities, while losses in companies like Austin Laz indicate challenges for certain sectors.
• The dominance of Japaul Gold and Ventures in trading volume highlights its appeal among investors on this trading day.
Market Overview
• Total Volume Traded: 534.2 million shares
• Total Deals Executed: 8,463
• Total Market Turnover: NGN 7.43 billion
• Market Capitalization: NGN 60.3 trillion
Compared to the previous trading day (Thursday, December 12, 2024):
• Volume: Increased by 9%
• Turnover: Improved by 5%
• Deals: Rose by 2%
Performance Highlights
Gainers
• Top Performer: Aradel Holdings led the gainers with a 10% increase, closing at NGN 550.00.
• Other notable gainers:
• Ikeja Hotel (+10%)
• Caverton Offshore Support Group (+10%)
• Africa Prudential (+9.87%)
Losers
• Biggest Loser: Austin Laz & Company fell by 10%, closing at NGN 1.62.
• Other declining stocks:
• Associated Bus Company (-8%)
• Royal Exchange (-7.69%)
• Secure Electronic Technology (-5.26%)
Trade Volume Leaders
1. Japaul Gold and Ventures: 71.7 million shares
2. E-Tranzact International: 70.7 million shares
3. Tantalizers: 57.3 million shares
4. FCMB Group: 33 million shares
Insights
• The market experienced moderate growth across volume, turnover, and deals, reflecting a positive trading sentiment.
• Gains in Aradel Holdings and other top stocks suggest strong investor interest in selected equities, while losses in companies like Austin Laz indicate challenges for certain sectors.
• The dominance of Japaul Gold and Ventures in trading volume highlights its appeal among investors on this trading day.