…The benchmark index, the All-Share Index fell 0.4% decline in the All-Share Index to 106,167.75 points
…The NASD OTC Securities Exchange, marginal decline was seen in the NSI (-0.14%) and market capitalization (-0.14%), indicating mild bearish sentiment
TUE MARCH 11 2025-theGBJournal| Investors apathy resurfaced at the Nigeria equities market on Tuesday as shares of heavyweights such as MTNN (-4.2%), TRANSCORP (-1.1%) and ACCESSCORP are dumped, apparently on lack of positive and any significant development.
The benchmark index, the All-Share Index fell 0.4% decline in the All-Share Index to 106,167.75 points with the Month-to-Date and Year-to-Date returns settling at -1.5% and +3.2% respectively.
The total volume traded declined by 11.1% to 324.59 million units, valued at N7.92 billion, and exchanged in 12,652 deals.
FIDELITYBK was the most traded stock by volume at 29.39 million units, while GTCO was the most traded stock by value at N1.68 billion.
On sectors, the Consumer Goods (-0.3%) and Banking (-0.2%), indices posted losses while the Insurance (+0.9%) index gained. The Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 21 tickers gained relative to 30 losers. MECURE (-10.0%) and ABCTRANS (-8.0%) recorded the highest losses of the day, while LIVESTOCK (+9.9%) and CORNERST (+9.3%) led the gainers.
At the NASD OTC Securities Exchange, marginal decline was seen in the NSI (-0.14%) and market capitalization (-0.14%), indicating mild bearish sentiment, though not a broad sell-off.
Despite a sharp drop in trade volume (-72.64%) and value (-60.59%), the number of executed trades increased by 5.56%, suggesting smaller-sized transactions dominated market activity.
SDFSTTRUSTMB led the gainers with a 6.00% increase, followed by SDFCWAMCO at 3.25%, while SDAGMBANK and SDCSCSPLC declined by -7.69% and -4.35%, respectively, reflecting mixed sentiment across the NASD OTC market.
Meanwhile, the local currency, the Naira, tumbled along, dropping 0.2% to N1,533.15/USD at the official market.
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