Nigerian Exchange Limited

NAHCO, FCMB, Others Gain as NGX Closed in Red

Stocks of NAHCO, FCMB, Ikeja Hotel and others closed in the red on Thursday as the Nigerian Exchange Limited (NGX) extended its decline.

Investors exchanged 133,591,047 shares worth N2.438 billion in 4,292 deals during the trading hours of Thursday. UBA was the most traded stock with an estimated 20,453,288 shares valued at N143,647,202 exchanging hands. Chams holding company followed with 8,978,109 shares worth N2,772,466.88.

A critical look into each sector, the banking sector lost 62 basis points (bps) as stocks of Jaiz Bank, UBA and Sterling Bank lost 5.56%, 2.78 and 2%, respectively. Wema Bank and Fidelity Bank appreciated by 6.87% and 1.66%.

The consumer goods sector declined by 3bps on 0.95% depreciation in Intbrew despite Honey Flour gaining 1.52%.

Oil and gas and industrial sectors however closed in the green. Oil and gas appreciated by 6bps on the back of a 2.80% increase in the value of Eterna.

The industrial sector gained 10bps on a 2.74% gain in Cutix and 1.29% in the worth of Wapco.

The NGX All-Share Index depreciated by 0.12% to 50,014.6 index points while the market value of listed equities was N26.976 trillion.

The Exchange year-to-date return moderated to 17.09% as a total of 21 stocks gained against 15 stocks that lost points. See other details of top gainers and losers below.

Top Gainers 

Symbols Last Close Current Change %Change
NAHCO N 5.30 N 5.83 0.53 10.00 %
FCMB N 3.05 N 3.35 0.30 9.84 %
IKEJAHOTEL N 1.06 N 1.16 0.10 9.43 %
MULTIVERSE N 2.06 N 2.25 0.19 9.22 %
COURTVILLE N 0.47 N 0.51 0.04 8.51 %

Top Losers 

Symbols Last Close Current Change %Change
ABCTRANS N 0.30 N 0.28 -0.02 -6.67 %
JAIZBANK N 0.90 N 0.85 -0.05 -5.56 %
STANBIC N 29.00 N 28.05 -0.95 -3.28 %
CAVERTON N 1.05 N 1.02 -0.03 -2.86 %
UBA N 7.20 N 7.00 -0.20 -2.78 %

Top Trades

Symbols Volume Value
UBA 20453288.00 143647202.00
CHAMS 8978109.00 2772466.88
ACCESSCORP 8165564.00 72687379.70
JAPAULGOLD 7346278.00 2859880.92
JAIZBANK 7103653.00 6240492.39

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Brent Crude at $79.38 Amid Trump’s National Energy Emergency Declaration

Oil prices remained steady on Wednesday as investors assessed the potential impact of U.S. President…

14 minutes ago

Netflix Hits 302 Million Subscribers, Surpasses $10 Billion in Annual Operating Income

Netflix ended 2024 on a high note as its global subscribers rose to 302 million…

44 minutes ago

PalmPay Explores Remittance Services as Part of Ambitious Global Growth Strategy

PalmPay, a leading Nigerian fintech company with over 30 million users and $6 billion in…

1 hour ago

Dollar to Naira Black Market Exchange Rate Today, 22nd January 2025

The dollar to naira exchange rate continues to be a focal point in Nigeria's financial…

12 hours ago

Pounds to Naira Black Market Exchange Rate Today, 22nd January 2025

The pounds to naira exchange rate continues to be a critical topic in Nigeria’s financial…

12 hours ago

MTN Nigeria Secures NCC Approval to Renew and Harmonise 800MHz Spectrum Licences

MTN Nigeria Communications PLC has received approval from the Nigerian Communications Commission (NCC) to renew…

17 hours ago