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OANDO shares pop +10.0% as NGX benchmark index approaches record high, naira gains vs U.S dollar

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WED JUNE 25 2025-theGBJournal| The NGX All-Share Index was 1.2% higher on Wednesday as the Nigerian equities market sustained its bullish run for the third consecutive day.

The benchmark Index touched 121,257.69 points with 62 stocks, including BUACEMENT (+8.7%), ZENITHBANK (+9.4%), and OANDO (+10.0%) gained.

The Month-to-Date and Year-to-Date returns settled at +8.5% and +17.8%, respectively while market capitalisation settled at N76.761 trillion.

The total volume of trades declined by 0.8% to 861.67 million units, valued at N26.18 billion, and exchanged in 22,896 deals.

FIDELITYBK was the most traded stock by volume at 82.98 million units, while ZENITHBANK was the most traded stock by value at N3.45 billion.

The Banking (+2.4%), Consumer Goods (+2.3%), Industrial Goods (+2.3%), Insurance (+2.0%) and Oil & Gas (+1.1%) indices advanced.

As measured by market breadth, market sentiment was positive (3.9x), as 62 tickers gained relative to 16 losers.

OANDO (+10.0%) and DANGSUGAR (+10.0%) recorded the most significant gains of the day, while UPL (-6.3%) and RTBRISCOE (-6.1%) led the losers.

The official FX rate appreciated by 0.7% to N1,540.00/US$.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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