SAT OCT 18 2025-theGBJournal| Nigerian stocks rose 135bps w/w on Friday to close 148,977.64 points, the sixth consecutive week of gains.
Similarly, all other indices finished higher with the exception of NGX CG, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value and NGX Growth Indices which depreciated by 0.19%, 0.13%, 0.51%, 0.93%, 0.97%, 0.68%, and 2.08% respectively.
The propelled the year-to-date (YTD) return to 44.74% from 42.81% recorded in the previous week.
The market capitalisation also appreciated by N1.26 trillion w/w, settling at N94.56 trillion.
The bullish sentiment was spurred by broad-based demand in heavyweight names such as BUAFOODS (+3.22% w/w), DANGCEM (+4.35% w/w), MTNN (+0.72% w/w), TRANSCORP (+3.69% w/w).
Selloffs recorded in the select banking stocks including GTCO (-1.79% w/w), ZENITHBANK (-0.44% w/w), UBA (-1.87% w/w), and ACCESSCORP (-1.35% w/w).
Sectoral performance was largely positive, with only the Banking Index (-0.13% w/w) closing the week in the red.
However, the Industrial Goods (+2.79% w/w) maintained its leading position among market gainers, followed by Insurance (+2.56% w/w), Consumer Goods (+1.93% w/w), and Oil & Gas (+0.04% w/w) indices.
In today’s session, the market also closed higher, with the NGX ASI and market capitalisation gaining 0.42%, respectively.
Although, market activity moderated, with transaction volume and value declining by 0.79% and 3.43%, respectively.
UBA (+0.00%) led the volume chart with 59.18mn units traded, while DANGCEM (+0.03%) led the value chart with N2.64 billion worth of trades.
Trading in the top three equities, namely Consolidated Hallmark Holdings Plc, Fidelity Bank Plc and Access Holdings Plc (measured by volume), accounted for 618.549 million shares worth N9.220 billion in 9,277 deals, contributing 25.54% and 12.03% to the total equity turnover volume and value respectively.
Market breadth closed positive at 1.65x, reflecting more gainers than positive. UPDC (+9.92%) led the thirty-eight gainers, while LIVINGTRUST (-10.00%) topped the twenty-three laggards, with other stocks closing flat.
The NASD closed the week on a strong positive note, as the NASD OTC Securities Index (NSI) and market capitalisation advanced by 4.90% w/w, to close at 3,620.59 points and N2.17 trillion, respectively.
Similarly, the market closed higher in today’s session, appreciating by 1.35%. However, market activity declined sharply, with transaction volume and value down by 90.04% and 95.41%, respectively.
SD11PLC (+9.09%) topped the market gainers, while SDFCWAMCO (1.63%) led the laggards’ log.
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