FRI APRIL 10 2026-theGBJournal| NGX All-Share Index (ASI) and Market Capitalization rose Friday by 1.03% and 1.05% to close the week at 203,770.43 and N131.166 trillion respectively, extending gains for the second consecutive week.
Similarly, all other indices finished higher with the exception of NGX Insurance and NGX Growth which depreciated by 3.64% and 1.82% respectively.
The market advance was driven primarily by gains in GTCO (+10.7%), WAPCO (+9.0%), ZENITHBANK (+8.7%), SEPLAT (+5.0%) and NESTLE (+6.4%), which more than offset sell-side pressures observed in MTNN (-1.97% w/w), DANGSUGAR (-3.11% w/w), and OANDO (-4.12% w/w).
Market sentiment was buoyed by favorable corporate earnings releases and dividend announcements from banking tickers, as well as improved investor confidence following FTSE Russell’s reclassification of Nigeria’s market status from Unclassified to Frontier Market.
Consequently, the month-to-date and year-to-date returns improved to +5.7% and +31.0%, respectively. On trading activity, trading volume and value advanced by 20.5% w/w and 37.6% w/w, respectively.
Meanwhile sectoral performance was mixed, as Banking (+0.7%) was the sole gainer, while Insurance (-4.2%), Consumer Goods (-1.7%) and Industrial Goods (-0.2%) indices declined. The Oil and Gas index ended the week flat.
The NASD OTC market, in contrast, extended its bearish trend, as both the NASD Securities Index (NSI) and market capitalisation declined by 0.59%.
Market activity was also bearish, with traded volume contracting sharply by 81.90%, while traded value decreased by 36.30%.
On the price movement front, SDCSCSPLC (+9.09%) emerged as the sole gainer, while SD11PLC (-11.11%) recorded the lowest decline for the session.
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