…The NSI closed at 3,587.76 points, while market capitalisation closed N2.15 trillion.
SAT AUG 16 2025-theGBJournal| The NGX All-Share Index rose Friday after slipping much of the week, supported by sustained buying interest — particularly in insurance stocks — following prior week’s approval of the Nigerian Insurance Industry Reform Act (NIIRA).
However, momentum faded midweek as profit-taking in Oil and gas, consumer goods, industrial goods and banking stocks tempered overall gains.
Thus, the NGX ASI closed the week 0.8% lower w/w, weighed down by losses in MTNN (-3.3%), WAPCO (-5.2%), ZENITHBANK (-3.0%), GTCO (-2.3%) and OANDO (-6.9%). Market capitalisation also shed N712.91 million w/w (or 0.77% w/w), settling at N91.50 trillion.
Consequently, the MTD and YTD returns moderated to +3.4% and +40.5%, respectively. Market activity was mixed, with trading volume rising 76.7% w/w while value traded declined 33.2% w/w.
Sector performance was largely negative, as the Oil & Gas (-1.4%), Consumer Goods (-0.9%), Industrial Goods (-0.8%), and Banking (-0.2%) indices all closed lower, leaving the Insurance index (+8.2%) as the sole gainer.
In the near term, we expect profit-taking to persist, largely concentrated in counters lacking strong fundamentals, while selective buy interest is likely to emerge in fundamentally sound equities.
Over the medium term, sentiment will likely be shaped by macroeconomic developments — including growth, inflation, and policy direction — as well as movements in fixed income yields, which could further influence asset (re)allocation decisions between equities and debt instruments.
The NASD OTC Securities Index (NSI) and market capitalisation declined by 3.08% w/w, respectively.
The NSI closed at 3,587.76 points, while market capitalisation closed N2.15 trillion.
Market activity declined considerably, as volume and transaction value declined by 87.12% and 58.59%, respectively.
SDACORN (+8.46%) topped the market gainers, while SDAFRILAND (-2.67%) led the market losers.
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