…The NASD OTC Securities Index (NSI) and market capitalisation advanced by 4.16% w/w.
SAT JULY 26 2025-theGBJournal| The NGX All-Share Index (ASI) rose on Friday as it closed out another winning week on the back of solid corporate earnings results and the positive reactions to the MPC’s decision to hold rates steady.
The benchmark index jumped 2.18% w/w, closing at 134,452.93 points.
This drove the year-to-date (YTD) ASI return to 30.63% from 27.84% recorded in the previous week.
The market capitalisation also appreciated by N1.81 trillion w/w (or 2.18% w/w), settling at N85.06 trillion.
The bullish momentum was spurred by positive H1 earnings report, particularly in PRESCO (+22.53% w/w), and OANDO (+18.91% w/w) alongside impressive financial results from OKOMUOIL (+7.31% w/w), BUACEMENT (+9.40% w/w), and WAPCO (+9.69% w/w).
These gains were notably supported with buying interest in the banking names, including FIRSTHOLDCO (+6.63% w/w), ACCESSCORP (+3.17% w/w), and UBA (+2.06% w/w).
Broadly speaking, these gains outweighed profit taking in select stocks including GTCO (-1.11% w/w), NB (-2.57% w/w), and ETI (-8.57% w/w).
An analysis of the market performance Friday reflects a 0.94% gain in the NGX ASI and the market capitalisation, driven by buying interest in TRANSCORP (+1.80%), ZENITHBANK (+1.08%), and PRESCO (+7.68%), offsetting declines in GTCO (-1.10%), and ACCESSCORP (-2.81%).
Market activity was mixed compared to the previous session, with transaction volume declining by 12.79% while value of transactions increased by 6.92%. ACCESSCORP (-2.81%) led the volume chart with 42.42mn units, while GTCO (-0.11%) led the value chart with N2.69bn worth of trades.
Market breadth closed positive at 2.18x, indicating market gainers outnumber losers. CHAMPION (+10.0%) led the forty-eight gainers, while TRIPPLEG (-10.0%) topped the list of twenty-two laggards and the rest of stocks were unchanged.
The NASD OTC Securities Index (NSI) and market capitalisation advanced by 4.16% w/w.
The NSI closed at 3,633.8 points, while market capitalisation closed N2.13trn.
Market activity significantly improved across volume and value of transactions increasing by 206.55% and 100.78% respectively.
SDAFRILAND (+8.77%) topped the market gainers, while SDNIPCOPLC (-2.01%) led the market losers.
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