FRI NOV 07 2025-theGBJournal| Nigerian equities market fell on Thursday, sustaining its declines on persistent profit taking.
Shares of major banking firms-ZENITHBANK (-1.48%) and ETI (-4.00%), ACCESSCORP (-2.2%) as well as telecom giant, MTNN (-2.49%) fell, weighing down on broader Nigerian market.
LEGENDINT (-9.9%) and CHAMPION (-9.7%) posted the most significant losses of the day.
UPDC (+9.8%) and FCMB (+8.0%) led the gainers.
The benchmark All-Share Index closed lower by 0.4% to 150,026.55 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -2.7% and +45.8%, respectively. Market capitalisation depreciated by N3.47 billion, to settle at N95.32 trillion.
The total volume of trade declined by 44.5% to 619.63 million units, valued at N16.50 billion, and exchanged in 24,865.00 deals.
FCMB was the most traded stock by volume at 149.99 million units, while ZENITHBANK was the most traded stock by value at N2.51 billion.
Sectoral performance was mixed as the Banking (-0.6%), Insurance (-0.3%), Oil & Gas (-0.1%) and Consumer Goods (-0.1%) indices declined, while the Industrial Goods (+0.2%) index advanced.
Meanwhile, the NASD market reversed losses from the previous session, with the NASD Securities Index (NSI) and market capitalisation appreciating by 0.96% to close at 3,658.56 points and N2.19 trillion, respectively.
The market activity was mixed, with transaction volume declining by 57.94% while value of trades rose by 24.90%.
SDFOODCPT (+9.07%) topped the market gainers while SDAIRLIQ (-11.10%) led the decliners in today’s session.
At the official foreign exchange market, the naira recovered marginally against the U.S. dollar, rising 0.2% to N1,439.00/US$1.
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