Market Gains ₦38Bn Amid Sustained Buying Interest From Investors.

Trading activities in the Nigerian Equities market closed positive at the end of today, Monday (06/01/2025), as the NGX-ASI increased to 103,648.24 from 103,586.33 recorded at the close of the previous trading day, indicating a YTD return of +0.70%.

Similarly, the market capitalization increased by ₦38 billion to ₦63.203 trillion from ₦63.165 trillion recorded at the previous trading day’s close. Also, the market turnover increased to ₦13.249 billion from ₦8.243 billion.

The market breadth was positive at 2.42X as 46 stocks advanced and 19 stocks declined, while 58 stocks remained unchanged. WEMABANK topped the gainers’ list with 10.00%, while CUTIX declined by -5.45% to lead the losers’ chart.

CHAMS recorded the highest volume, while GTCO recorded the highest value for the day.

Read: NGX Price List for Monday, 6th January 2025

MARKET STATISTICS

CAP₦63,203,446,401,301.40One Day (ASI CHG)+0.06%
Index103,648.24One Week (ASI CHG)+0.48%
Volume855,965,099One Month (ASI CHG)+5.64%
Value₦13,249,496,009.41Six Months (ASI CHG)+3.58%
Deals16,50552 Weeks (ASI CHG)+29.04%
Gainers46Losers 19
Unchanged58Total123
YTD Returns+0.70%

Source: Ngxgroup.com, GTI Research

Sector Performance

Security% Change 
ASI+0.06
NGX30+0.00
NGXBNK+0.74
NGXCNSMRGDS-0.35
NGXINDUSTR-0.10
NGXINS+4.12
NGXLOTUSISLM-0.21
NGXOILGAS-0.07

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Price Change (₦)% Change
WEMABANK10.0011.001.0010.00
DAARCOMM0.700.770.0710.00
HONYFLOUR7.618.370.769.99
WAPIC2.712.980.279.96
LASACO3.724.090.379.95
MULTIVERSE8.058.850.809.94
JOHNHOLT8.569.410.859.93

Top 7 Losers

SecurityPrevious Close (₦)Close Price (₦)Price Change (₦)% Change
CUTIX2.752.60-0.15-5.45
CAVERTON2.802.65-0.15-5.36
JAIZBANK3.253.08-0.17-5.23
CHAMPION4.194.00-0.19-4.53
IKEJAHOTEL12.9012.35-0.55-4.26
STERLINGNG6.306.07-0.23-3.65
INTBREW5.605.40-0.20-3.57

Top 7 Traded Stocks By Volume

SecurityClose Price (₦)Number of TradesVolume
CHAMS2.3550480,764,626
VERITASKAP1.7041060,485,950
ACCESSCORP25.0080754,330,106
GTCO56.2027953,961,411
PRESTIGE1.5833548,939,411
FBNH28.9035739,063,573
AIICO1.8921238,885,068

Top 7 Traded Stocks By Value

SecurityClose Price (₦)Number of TradesValue (₦)
GTCO56.202793,074,477,632.05
ACCESSCORP25.008071,348,644,480.95
BUAFOODS415.001421,341,856,528.20
FBNH28.903571,115,384,148.25
ARADEL598.00323730,602,585.70
UBA34.90613665,152,185.35
UCAP23.00526426,198,273.90

OUTLOOK

The Nigerian stock market closed positive today, driven by sustained interest from investors, particularly in the banking and insurance sectors. This strong start to the year reflects positive investor sentiment. Looking ahead, focus will be on key economic indicators, corporate earnings, and policy changes that may influence market trends.

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