On December 25, 2024, the Nigerian Exchange (NGX) Limited reported a notable increase of 0.82%, with the All-Share Index (ASI) rising by 829.88 points to reach 102,186.03 points. This growth contributed to a market capitalization boost of N503 billion, bringing the total to N61.944 trillion. The insurance index saw a rise of 1.49%, while the banking sector increased by 0.98% and consumer goods by 0.49%. Noteworthy performers included MRS Oil, which gained 10.00%, Ikeja Hotel at 9.95%, and Multiverse at 9.90%. Overall, 37 stocks experienced gains, while 21 stocks declined. Trading volume was robust, with 431.8 million shares exchanged, valued at N18.3 billion. United Bank for Africa (UBA) emerged as the busiest equity, with 51.2 million units traded. This surge in the stock market aligns with the traditional 'Santa Claus rally,' a phenomenon where stock prices often rise during the last week of December. [7f496d69]
In contrast, on December 24, 2024, the NASD OTC Securities Exchange saw a minor gain of 0.06%, with its market capitalization increasing by N620 million to N1.032 trillion. The NASD Unlisted Security Index rose by 1.81 points to settle at 3,011.59 points. Geo-Fluids Plc's stock price increased by 41 Kobo to N4.61, while UBN Property Plc's price fell by 20 Kobo to N1.80. However, trading volume on this day dropped significantly, falling by 38.9% to 5.3 million units, and the transaction value decreased by 40.0% to N23.8 million. The market was scheduled to close on December 25 and 26 for Christmas, resuming operations on December 27. This performance reflects the ongoing fluctuations within the NASD market, which remains a critical platform for unlisted securities in Nigeria. [f2afa400]