Transactions on the Nigerian Exchange Limited (NGX) concluded 2024 on a mixed note, as the All-Share Index recorded a 0.22 per cent decline on the final trading day, closing at 102,926.40 points, down from 103,149.35 points.
The total market capitalisation fell by N135 billion to N62.76 trillion, marking a negative end to an otherwise positive year, according to NGX data.
However, the year-to-date gain remained significant at 37.01 per cent, while December saw a month-to-date gain of 5.47 per cent and a week-to-date increase of 0.77 per cent.
Despite the decline, market activity remained robust, with 422.65 million units of shares traded across 8,427 deals, amounting to a total value of N39.99 billion.
Market breadth closed on a positive note, with 36 stocks appreciating, while 28 declined.
Prestige Assurance Plc, Beta Glass Plc, and Universal Insurance Plc led the gainers, each rising by 10 per cent to close at N1.21, N64.90, and N0.66, respectively.
Okomu Oil Plc followed with a 9.98 per cent gain, closing at N444.00 from N403.70, while Thomas Wyatt Plc appreciated by 9.88 per cent, ending at N1.89 from N1.72.
Conversely, Union Dicon Salt Plc, Eterna Plc, and Champion Breweries Plc each posted a 10 per cent decline, closing at N7.20, N24.30, and N3.81, respectively. PZ Cussons Nigeria Plc fell by 6.90 per cent to N24.30 from N26.10, and Cadbury Nigeria Plc declined by 6.52 per cent, closing at N21.50 from N23.00.
Access Corporation topped the trading volume chart, with 30.22 million shares worth N722.93 million exchanged in 401 deals. Aradel Holdings Plc led in value trades, recording 21.62 million shares valued at N12.91 billion in 278 deals.
Other notable performers included Geregu Power Plc, which traded 10.01 million shares worth N10.36 billion, and Seplat Energy Plc, with 1.86 million shares valued at N9.54 billion.
The year’s trading activities reflected mixed investor sentiment, with gains in select equities overshadowed by losses in key stocks.
This cautious approach highlights lingering economic uncertainties as the market transitions into 2025.
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