The Nigerian Stock Exchange (NGX) wrapped up the last weekday of trading with a flurry of activity, recording a total of 478,758,200 shares traded across 15,613 deals. This translated to a market value of NGN 13.9 billion, marking a 12% increase in trading volume and a significant 51% surge in turnover compared to the previous trading day. However, the number of deals saw a slight decline of 4%. The NGX’s total market capitalization stood at NGN 67.4 trillion, reflecting the robust scale of the exchange.
A total of 125 listed equities participated in the day’s trading, with 38 gainers outpacing 28 losers. Royal Exchange emerged as the top gainer, with its share price appreciating by 10% to close at NGN 0.99 per share. Other notable gainers included UPDC (+9.88%), **The Initiates(+9.76%), and Red Star Express(+9.09%). On the flip side, **BUA Foods led the losers with a 10% drop, closing at NGN 373.50 per share. Other decliners included Daar Communications (-9.09%), Aradel Holdings (-6.9%), and Livestock Feeds** (-6.09%).
In terms of trading volume, Sterling Bank dominated with 88.6 million shares traded, followed by Access Holdings (29.7 million), Veritas Kapital Assurance (21.6 million), and Aiico Insurance (20.1 million).
The NGX All-Share Index (ASI), the benchmark index, declined by 1.02% (1,118.10 points) to close at 108,053.94. Despite the day’s dip, the ASI posted a 2% gain over the past week, a 5.57% increase over the last four weeks, and a year-to-date (YTD) gain of 4.98%. Other key indices showed mixed performances:
– NGX Top 30 Index -0.9% daily, +2.14% weekly, +5.27% YTD
– NGX Premium Index +1.19% daily, +7.3% weekly, +9.99% YTD
– NGX Industrial Index: +0.76% daily, +10.36% weekly, +1.81% YTD
– NGX Insurance Index: +0.29% daily, +2.52% weekly, +3.02% YTD
– NGX Pension Index-0.49% daily, +0.59% weekly, +9.8% YTD
– NGX Banking Index-0.73% daily, -0.24% weekly, +14.59% YTD
The day’s trading highlighted the dynamic nature of the NGX, with gains in some sectors offsetting losses in others. Investors remain cautiously optimistic as the market continues to show resilience amid fluctuating economic conditions.
