…The benchmark All-Share Index fell 0.15% to close at 115,258.77 points, bringing the y-t-d return down to 11.98% from 12.15%
…The losses reflects weakened sentiments amid concerns over earnings retention and capital constraints within the banking sector
MON JUNE 16 2025-theGBJournal| The Nigerian equities market finished in red on Monday, as investors reacted to Central Bank of Nigeria’ (CBN) suspension of dividend payments, bonus disbursements, and offshore investments for banks under regulatory forbearance.
The benchmark All-Share Index fell 0.15% to close at 115,258.77 points, bringing the y-t-d return down to 11.98% from 12.15%.
The market capitalisation also lost N107.69 billion to close at N72.68 trillion.
The losses reflects weakened sentiments amid concerns over earnings retention and capital constraints within the banking sector.
The market downturn was equally spurred by sell pressure in Tier 1 banking ticker; ZENITHBANK (-6.37%), UBA (-5.67%), FIRSTHOLDCO (-6.03%), and ACCESSCORP (-8.28%) outweighing buy interests in MTNN (+0.31%), BUAFOODS (+4.58%) and INTBREW (+1.89%).
Market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 22.61%.
A total of 721.75 million units of shares valued at N22.01 billion were exchanged in 22,100 deals.
ACCESSCORP (-8.28%) led the volume chart with 92.70 million units traded while ZENITHBANK (-6.37%) led the value chart in deals worth N3.56 billion.
Market breadth closed negative at a 0.49-to-1 ratio with declining issues outnumbering the advancing ones. NNFM (-10.00%) topped forty-two others on the laggard’s table while GUINEAINS (+10.00%) led twenty others on the leader’s log.
The NASD OTC Securities Exchange also started the week down, with the NASD Securities Index (NSI) losing 0.45% to end the session at 3,326.3 points.
However, market capitalisation decreased by the same margin to N1.95 trillion.
Market performance elevated, Volume traded increased by 99.79% to 479,638 units, while the total value of transactions increased by 138.38% to N21.75 million. A total of 37 deals were recorded during the session.
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