Nigerian Stock Exchange (NGX) Live

Apr 29, 2024 at 16:42 Twitter · Facebook

Live share prices of stocks on Nigerian Stock Exchange

The Nigerian Stock Exchange (NGX, officially Nigerian Exchange Group) is a leading integrated market infrastructure in Africa servicing the continent’s largest economy. The Exchange provides capital access to companies seeking to take advantage of the financial markets to fund their business expansion. Likewise, NGX provides its pool of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives. In March 2021, the erstwhile Nigerian Stock Exchange was demutualized from a member-owned not-for-profit entity into a shareholder-owned, profit making entity Nigerian Exchange Group Plc.

NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalization. Additional indices are the NGX30 and NGX50 which respectively track the top 30 and 50 companies in terms of market capitalization and liquidity. Both indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalization—the number of a company’s listed shares, multiplied by the closing price, and multiplied by a capping factor.

NGX maintains three categories of listing: the Premium Board, the elite group of companies that meet stringent corporate governance, capitalization, and liquidity criteria; Main Board, the larger companies who are admitted to the bourse based on profitability or market capitalization; and Alternative Securities Market (ASeM), the smaller, high-growth emerging businesses. The listed equities below incorporate companies from all primary stock market segments.

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NGX TRADING SUMMARY FOR MONDAY, APRIL 29, 2024: At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 277,241,355 shares in 8,714 deals, corresponding to a market value of NGN 5,082,969,863.47, were traded. Compared with the previous NGX trading day (Friday, April 26), today's data shows 5% improvement in volume, 1% improvement in turnover, and 32% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.4 trillion.

In the aggregate, 126 NGX listed equities participated in trading, ending with 23 gainers and 23 losers. Sterling Bank led the gainers with 9.95% share price appreciation closing at NGN 4.20 per share, followed by FBN Holdings (+9.83%), Honeywell Flour Mill (+9.4%) and Tantalizers (+9.09%). On the losing side, Dangote Sugar Refinery came out last with an end-of-day price depreciation of 10% at NGN 43.20 per share, followed by Secure Electronic Technology (-10%), CAP (-9.88%) and Berger Paints (-9.87%). United Bank for Africa recorded the highest volume of 34.6 million traded shares, followed by The Initiates (25.6m), Transcorp Nigeria (19.4m) and Access Holdings (18.8m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 272.97 (-0.28%) points to close at 97,879.94, representing a 1-week loss of 1.79%, a 4-week loss of 6.01%, but an overall year-to-date gain of 30.9%. Other remarkable indices that performed were the NGX Top 30 Index (-0.33%; -1.98% 1WK; +29.85% YTD), NGX Pension Index (+0.48%; -2.11% 1WK; +5.73% YTD), NGX Premium Index (+0.25%; -2.6% 1WK; +31.58% YTD), NGX Industrial Index (-0.02%; +0.31% 1WK; +73.42% YTD), NGX Banking Index (-0.41%; -4.7% 1WK; -15.14% YTD), and NGX Main Board Index (-0.47%; -0.82% 1WK; +33.44% YTD).

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange