TUE JULY 01 2025-theGBJournal| Nigerian stocks were largely in the red on Tuesday, with the NGX All-Share Index lower by 0.2% to 119,741.23 points.
Cement-heavy DANGCEM fell -3.4%, with GTCO (-1.2%) and ZENITHBANK sliding on sell pressures.
However, Transnational Corporation (+0.10%), Lafarge Africa (+0.34%), and Nestle Nigeria (+3.45%) all gained amid the intensified bearish trade.
Market capitalization also fell by 0.20%, closing at N75.80 trillion, pulling down the year-to-date (YTD) ASI return to 16.34% from 16.57% in the previous session.
Market activity mirrored the bearish sentiment with the total trading volume significantly declining by 74.06%, while the value of transactions also declined by 74.56%.
The number of trades executed further declined by 14.40%. Ellah Lakes (+9.95%) topped the volume chart with 46.05 million shares traded, while Nigeria Breweries (+1.69%) led the value chart, recording N1.75 billion worth of trades.
Market breadth closed positive 2.04:1, indicating more gainers than losers. RTBRISCOE (+10.00%) led the forty-seven gainers, while UPL (-10.00%) led the twenty-three losers.
The NASD OTC market exchange today, the NASD Securities Index (NSI) gained 0.91% to end the session at 3,377.8 points while market capitalisation expanded by similar margin of 0.91% settling at N1.98 trillion.
Despite the bullish performance, trading activity decline significantly. Volume traded dropped by 80.36% to 166,176.0, while the value of transactions dipped by 59.52% to N6.54 million.
In addition, total number of trades further declined by 42.42% to 19 deals executed, indicating few trades drove the market rebound.
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