Market Overview
The Nigerian stock market displayed mixed signals on February 4, 2025, as investors reacted to economic data, corporate earnings, and macroeconomic trends. The NGX All-Share Index closed at 104,788.35, reflecting a 0.15% increase, signaling cautious optimism among investors.
Top 5 Performing Stocks
The highest gainers of the day were driven by strong investor sentiment in key sectors such as transportation, finance, and manufacturing.
| Symbol | Company Name | Sector | Price (NGN) | Price Change (%) |
|---|---|---|---|---|
| REDSTAREX | Red Star Express Plc | Transportation | 5.5 | 10.0% |
| UNIVINSURE | Universal Insurance Co Plc | Finance | 0.66 | 10.0% |
| BETAGLAS | Beta Glass Plc | Process Industries | 86.5 | 9.98% |
| NNFM | Northern Nigeria Flour Mills Plc | Process Industries | 73.3 | 9.98% |
| CHELLARAM | Chellarams Plc | Producer Manufacturing | 7.89 | 9.89% |
Worst 5 Performing Stocks
Certain stocks faced heavy losses, particularly in the consumer services and finance sectors.
| Symbol | Company Name | Sector | Price (NGN) | Price Change (%) |
| IKEJAHOTEL | Ikeja Hotel Plc | Consumer Services | 9.95 | -9.55% |
| NEM | NEM Insurance Co Plc | Finance | 12.05 | -6.59% |
| SUNUASSUR | SUNU Assurances Nigeria Plc | Finance | 5.35 | -6.14% |
| CONHALLPLC | Consolidated Hallmark Holdings Plc | Finance | 3.15 | -5.97% |
| ROYALEX | Royal Exchange Plc | Finance | 0.96 | -3.03% |
Sectoral Performance
Best Performing Sectors:
- Electronic Technology – Investors showed renewed interest in tech stocks.
- Commercial Services – Gains were driven by logistics and outsourcing firms.
- Transportation – Stocks like Red Star Express Plc benefited from strong demand.
- Producer Manufacturing – The sector witnessed notable stock gains.
- Health Technology – Healthcare-related companies saw positive movement.
Worst Performing Sectors:
- Consumer Services – Declines were led by Ikeja Hotel Plc.
- Utilities – The sector faced supply constraints.
- Energy Minerals – Global oil price fluctuations led to volatility.
- Retail Trade – Investors showed concerns about consumer spending.
- Non-Energy Minerals – The sector struggled with lower demand.
Economic Indicators Impacting the Market
Several economic factors influenced stock market movements:
- Inflation Rate: The Consumer Price Index (CPI) stood at 34.8% as of January 2025.
- Interest Rates: The Central Bank of Nigeria’s Monetary Policy Rate (MPR) remained at 27.50%, maintaining tight liquidity conditions.
- Foreign Exchange: The Naira closed at NGN 1,499 per USD, reflecting mild depreciation.
- Bond Market: The 2-Year Bond Yield dropped by 1.95%, signaling increased investor caution.
Conclusion
The Nigerian stock market displayed a blend of gains and losses on February 4, 2025, with investors focusing on corporate earnings, interest rates, and inflation trends. While transportation and manufacturing stocks outperformed, consumer services and finance stocks lagged. Investors should continue to monitor economic policies and global trends that may impact market movements in the coming days.
