WED SEPT 03 2025-theGBJournal| The Naira extended gains on Wednesday against the U.S. dollar as equities market struggles amid profit-taking activities.
The currency rose further 0.3% to N1,521.00/US$1 at the official market, still basking in the surge of FX inflows last week which settled at settled at US$706.70 million as at Friday.
Non-bank corporates recorded the highest inflows, accounting for US$250.00 million (35.38%) of total inflows.
This was followed by Foreign Portfolio Investment (FPIs) with US$198.30 million (28.06%), while exporters US$145.100 million (20.53%).
The Central Bank of Nigeria (CBN) accounted for inflows of US$88.50 million (12.52%). Meanwhile, inflows from individuals and other sources accounted for 0.81% and 2.70%, respectively.
Meanwhile, profit-taking activities continued in the domestic bourse, as the selloff in ARADEL (-0.5%), NB (-5.7%), UBA (-2.0%) and GTCO (-1.1%) drove the All-Share Index lower by 0.4% to 138,159.25 points.
The Month-to-Date and Year-to-Date returns settled lower at -1.5% and +34.2%, respectively.
The total volume traded advanced by 18.5% to 482.76 million units, valued at N19.67 billion, and exchanged in 28,193 deals.
ACCESSCORP was the most traded stock by volume at 43.03 million units, while ARADEL was the most traded stock by value at N6.46 billion.
Sectoral performance was broadly negative as the Insurance (-4.5%), Consumer Goods (-1.3%), Banking (-0.8%), (-0.9%) and Oil & Gas (-0.4%) indices declined, while the Industrial Goods (+0.2%) index advanced.
As measured by market breadth, market sentiment was negative (0.3x), as 13 tickers gained relative to 42 losers. LEGENDINT (-10.0%) and LEARNAFRCA (-10.0%) recorded the most significant losses of the day, while NSLTECH (+9.1%) and JOHNHOLT (+7.9%) led the gainers.
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