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Nigerian Stock Exchange (NGX) Trading Summary for Friday, November 8, 2024

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Olori Uwem

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Nigerian Stock Exchange (NGX) Trading Summary for Friday, November 8, 2024

On the last trading day of the week, the Nigerian Stock Exchange (NGX) reported a total of 477.94 million shares traded across 9,015 deals, with a market value of NGN 9.06 billion.

Key Comparisons with Previous Day’s Trading (Thursday, November 7, 2024):
• Volume declined by 24%
• Turnover dropped by 44%
• Number of deals decreased by 7%

The current market capitalization stands at NGN 58.9 trillion.

Market Activity:
A total of 125 listed equities were traded, ending with 30 gainers and 23 losers.

Top Gainers:
1. Aradel Holdings: +10%, closing at NGN 485.30 per share
2. Conoil: +9.94%
3. John Holt: +9.82%
4. Lasaco Assurance: +9.09%

Top Losers:
1. Meyer: -9.98%, closing at NGN 7.67 per share
2. Abbey Mortgage Bank: -9.83%
3. Eterna: -9.82%
4. Sunu Assurances Nigeria: -9.65%

Top Traded Stocks by Volume:
• Sterling Bank: 119 million shares
• Ellah Lakes: 91.6 million shares
• Access Holdings: 54.5 million shares
• Fidelity Bank: 25.8 million shares

This summary provides a snapshot of the day’s activity, showing notable fluctuations in trading volume, turnover, and the top gainers and losers among NGX equities.