…The NASD OTC Securities Index (NSI) and market capitalisation gained by 1.50% w/w, closing at 3,641.56 points and N2.18 trillion, respectively
SAT AUG 23 2025-theGBJournal| NGX All Share Index fell to an unexpected low by close of trade Friday after sustained sell pressure in industrial goods heavyweights as well as banking names.
The NGX All-Share Index and Market Capitalization dropped 2.51% to close the week at 141,004.14 and N89.209 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Consumer Goods and NGX Growth which appreciated by 0.83% and 4.14% respectively, while the NGX AseM and NGX Commodity indices closed flat.
The year-to-date return moderated to 37.00% from the 40.52% recorded in previous week.
Market sentiment was dampened by sustained sell pressure in industrial goods heavyweights, DANGCEM (-9.88% w/w), BUACEMENT (-9.96% w/w), and WAPCO (-2.50%).
Furthermore, the banking names including, GTCO (-3.79% w/w), ZENITHBANK (-3.31% w/w), STANBIC (-15.39% w/w), FIRSTHOLDCO (-1.07% w/w), and ACCESSCORP (-3.40% w/w), increased the losses for the week.
These selloffs outweighed gains in select consumer goods counters; DANGSUGAR (+7.24% w/w), INTBREW (+4.84% w/w), and UNILEVER (6.99% w/w).
Across the major sectors, all indices closed in the red excluding the Consumer Goods Index (+0.83% w/w), underscoring the broad-based selling pressure during the week.
The Industrial Goods Index (-8.42%) led the downturn, followed by the Insurance Index (-4.17% w/w), Banking Index (-3.48% w/w), and the Oil & Gas (-0.84% w/w).
In Friday’s session, market performance inched up marginally, with the NGX ASI and market capitalisation rising by 0.43%.
Market activity improved considerably compared to the previous session, as transaction volume and value surged by 127.15% and 271.53%, respectively.
ZENITHBANK (+2.49%) dominated the trading activity, recording 345.55 million exchanged valued at N21.23 billion.
Market breadth closed positive at 3.85x, reflecting more advancers than decliners. BETAGLAS (+10.00%) led the fifty market gainers, while THOMASWY (-9.91%) topped the thirteen laggards, with the remaining stocks closing flat.
Meanwhile, the NASD OTC Securities Index (NSI) and market capitalisation gained by 1.50% w/w, closing at 3,641.56 points and N2.18 trillion, respectively.
Market activity improved significantly, as volume and transaction value increased by 1,032.27% and 1,626.48%, respectively.
SDFOODCPT (+3.39%) topped the market gainers, while SDUBNPROP (-10.53%) led the market losers.
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