…MTD and YTD return moderated to -6.8% and +39.6%, respectively
…The NASD OTC market witnessed a rebound from the previous session
SAT NOV 22 2025-theGBJournal| Nigerian equities ended the week on Friday on the losing side, for the fourth straight week as risk appetite remained muted.
The softer inflation print – typically supportive of additional Monetary Policy Committee (MPC) easing, offered no relief, as sentiment remained decisively bearish.
The All-Share Index (ASI) fell by 2.2% w/w to 143,722.62 points, pressured by selloffs in DANGCEM (-10.0%), TRANSCORP (-9.1%), ZENITHBANK (-6.6%), UBA (-7.8%), MTNN (-1.1%), and ACCESSCORP (-10.9%).
All other indices finished lower with the exception NGX Sovereign Bond Index which appreciated by 0.32%.
Market capitalisation equally declined by 2.23% to close at N91.41 trillion.
Consequently, MTD and YTD return moderated to -6.8% and +39.6%, respectively. Market activity also weakened, with trading volume and value declining by 63.6% w/w and 32.1% w/w, respectively.
Sectoral performance was broadly negative as all major indices, Insurance (-7.1%), Industrial Goods (-4.5%), Banking (-3.9%), Oil & Gas (-1.9%), and Consumer Goods (-0.4%) closed lower.
Trading in the top three equities, namely Access Holdings Plc, Tantalizers Plc and Zenith Bank Plc (measured by volume), accounted for 1.057 billion shares worth N24.652 billion in 13,924 deals, contributing 39.63% and 23.20% to the total equity turnover volume and value respectively.
In Friday’s session, the NGX ASI and market capitalisation declined by 0.32%.
The negative sentiment was driven by profit taking in stocks such as NAHCO (-9.78% w/w), UNILEVER (-5.48%), and CWG (-5.31%), outweighing buying interest in NCR (+9.89%), IKEJAHOTEL (+9.74%), and UACD (+2.49%).
Only the banking index closed in the green (+0.28%), while others closed in the red, Insurance (-(2.24%) led the losers, followed by oil and gas (-0.67%), followed by consumer goods (0.16%), and Industrial (-0.01%).
Overall, Twenty equities appreciated in price during the week, lower than forty-eight equities in the previous week. Sixty depreciated in price, versus forty-five equities in the previous week, while sixty-seven equities remained unchanged, higher than fifty-three recorded in the previous week.
Meanwhile, The NASD OTC market witnessed a rebound from the previous session, as the NASD Securities Index (NSI) and market capitalisation increased by 0.71%, closing at 3,631.52 points and N2.17 trillion, separately.
Market activity however closed in the red, as the transacting volume and transaction value dipped by 18.04% and 82.59%, respectively.
SDOKITIPUPA (+9.08%) led the two advancers while SDCSCSPLC (-2.50%) was the only decliner in the market.
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