…The Banking (1.68% w/w), Industrial (1.13% w/w), and Consumer Goods (0.98% w/w) indices also posted gains, reflecting the broad-based investor interest across sectors.
SAT SEPT 13 2025-theGBJournal| The Nigerian equities market notched a perfect week of closing highs on Friday, halting its four-week losing streak as market gears up for August inflation print, where evidence of sustained disinflation could reinforce expectations of a potential MPC rate cut later this month.
The benchmark NGX All-Share Index (ASI) advanced 1.13% w/w, to close 140,545.69 points, taking the year-to-date return to 36.55% from 35.03% recorded in the previous week.
Similarly, all other indices finished higher while the NGX AseM index closed flat.
Market capitalisation also rose by N985.24 billion w/w (+1.12% w/w), settling at N88.92 trillion.
Bargain hunting were seen in select industrial and banking counters, notably, WAPCO (+13.27% w/w), ZENITHBANK (+4.78% w/w), UBA (+4.17% w/w) and ACCESSCORP (+3.47% w/w), which offset profit-taking in DANGCEM (-1.73% w/w), TRANSCORP (-7.24% w/w), STANBIC (-1.95% w/w), and FIRSTHOLDCO (-2.17% w/w).
Sectoral performance was overall positive, led by the Insurance Index (+2.45% w/w) and Oil & Gas Index (+2.38% w/w).
The Banking (1.68% w/w), Industrial (1.13% w/w), and Consumer Goods (0.98% w/w) indices also posted gains, reflecting the broad-based investor interest across sectors.
Trading in the top three equities, namely FCMB Group Plc, Access Holdings Plc and Universal Insurance Plc (measured by volume), accounted for 1.249 billion shares worth N14.277 billion in 10,359 deals, contributing 39.17% and 14.32% to the total equity turnover volume and value respectively.
The market closed weaker in Friday’s session however, with the NGX ASI and market capitalisation down 0.09%.
Trading activity strengthened despite the decline, as transaction volume and value rose by 14.95% and 30.29%, respectively.
NSLTECH (-2.27%) dominated the transaction volume chart with 71.44 million units traded, while ARADEL led the value terms with trades worth N8.79 billion.
Market breadth closed positive at 1.55x, reflecting more advancers than decliners. REGALINS (+9.93%) led the thirty-one (31) gainers, while MBENEFIT (-7.80%) topped the twenty (20) laggards, with the rest of the stocks closing flat.
Meanwhile, the NASD OTC Securities Index (NSI) and market capitalisation rose by 0.23% w/w, closing at 3,573.54 points and N2.14 trillion, respectively.
The market closed lower today, declining by 0.52%. However, market activity improved significantly, as transaction volume surged by 1,592.43% while value of trades advanced by 8.31%.
SDFCWAMCO (-1.76%) topped the market laggards with no advancers recorded in today’s session.
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