…The NGX Exchange finished the year, up 37.64% y/y – the fifth consecutive annual gain, while the market capitalization added N21.85 trillion y/y to close at N62.76 trillion.
TUE DEC 31 2024-theGBJournal| The NGX All-Share Index (ASI) shed 22bps to settle at 102,926.40 points on Tuesday as investors wrap up the year that saw the benchmark index, the NGX All-Share Index hoisted to 37.65% y/y.
Today’s market’s weak performance was primarily driven by selloff in MTNN (-3.75%), ARADEL (-0.33%) and UBA (-0.87%). Consequently, the market capitalization lost N135.95 billion.
Over the year, some of the top performers include GEREGU (+188.22% y/y), SEPLAT (+146.75% y/y) and OANDO (+528.57% y/y), while some of the laggards include BUACEMENT (-4.10% y/y), ACCESSCORP (-3.00% y/y), and DANGSUGAR (-43.0% y/y).
In summary, the NGX Exchange finished the year, up 37.64% y/y – the fifth consecutive annual gain, while the market capitalization added N21.85 trillion y/y to close at N62.76 trillion.
Sector wise, all sector indices under our coverage closed the year positive. The NGX Oil and Gas Index was the best performer for the year, gaining 160.29% y/y, followed by the NGX Insurance Index (+129.58% y/y), the NGX Consumer Goods Index (+52.24% y/y), the NGX Pension Index (+40.74% y/y), the NGX30 Index (+37.25% y/y), the NGX Industrial Goods Index (+31.72%y/y), and the NGX Banking Index (+22.24% y/y).
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 160.28%. A total of 437.76m shares valued at N40.34 billion were exchanged in 8,830 deals.
ACCESSCORP (-0.62%) led the volume chart with 30.26m units traded while ARADEL (-0.33%) led the value chart with deals worth N12.97 billion.
Market breadth closed positive at a 1.27-to-1 ratio with advancing issues outnumbering the declining ones. UNIVINSURE (+10.00%) topped thirty-two others on the leader’s table while ETERNA (-10.00%) led twenty-five others on the losser’s log.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
