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NGX Trading Summary for Wednesday, December 11, 2024

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Olori Uwem

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NGX Trading Summary for Wednesday, December 11, 2024

Today’s trading session on the Nigerian Exchange Group (NGX) witnessed a significant decrease in trading activity compared to the previous day, with declines in volume, value, and the number of deals recorded:
• Volume Traded: 320.1 million shares (-66% from Tuesday).
• Market Turnover: NGN 6.48 billion (-49% from Tuesday).
• Deals Executed: 7,943 (-13% from Tuesday).
• Market Capitalization: NGN 59.7 trillion.

Market Activity Highlights:
• Gainers: Out of 130 equities traded, 34 recorded gains. Top performers include:
• Conoil: +10%, closing at NGN 352.00.
• Africa Prudential: +10%.
• RT Briscoe: +10%.
• Golden Guinea Breweries: +9.95%.
• Losers: 17 equities declined, with notable laggards:
• Julius Berger Nigeria: -10%, closing at NGN 155.25.
• Secure Electronic Technology: -9.52%.
• Multiverse Mining & Exploration: -7.63%.
• Haldane McCall: -6.07%.
• Most Traded Stocks:
• E-Tranzact International: 70.3 million shares.
• Universal Insurance Company: 23.8 million shares.
• Zenith Bank: 21.2 million shares.
• FBN Holdings: 18.6 million shares.

NGX Index Performance:
• All-Share Index (ASI): Closed at 98,509.68 points (+0.31%).
• Weekly Change: +0.34%.
• 4-Week Change: +1.12%.
• Year-to-Date (YTD) Change: +31.74%.

Sector Indices:
• Oil & Gas Index: +2.59% (+150.69% YTD).
• Insurance Index: +2.34% (+72.8% YTD).
• Industrial Index: +0.15% (+31.68% YTD).
• Premium Index: +0.09% (+30.15% YTD).
• Top 30 Index: -0.31% (+32.55% YTD).

This summary highlights a mixed trading day with significant gains in oil and gas and insurance sectors, alongside moderate losses in industrial and premium segments.