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BUACEMENT, MTNN stocks slide amid profit taking, NGX All-Share index down 0.9%, naira rises against the dollar

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THUR AUG 21 2025-theGBJournal| The Nigerian equities market capitalization fell 0.87% to N88.78 trillion on Thursday as profit-taking market pressures performance for a third day.

The benchmark NGX All-Share Index equally fell 0.9% to 140,332.44 points led by BUACEMENT (-10.0%) and MTNN (-2.3%).

THOMASWY (-10.0%) and UPL (-10.0%) recorded the most significant losses of the day.

The Month-to-Date and Year-to-Date returns settled at +0.3% and +36.4%, respectively.

The total volume traded declined by 20.5% to 573.7 million units, valued at NGN12.88 billion, and exchanged in 25,881 deals.

FIDELITYBK was the most traded stock by volume and value at 96.07 million units and N1.99 billion, respectively.

Sectoral performance was broadly negative as the Insurance (-4.7%), Industrial Goods (-4.0%) and Oil & Gas (-0.1%) indices declined, while the Banking (+0.5%) index advanced. The Consumer Goods index closed flat.

As measured by market breadth, market sentiment was negative (0.3x), as 15 tickers gained relative to 43 losers.

NSLTECH (+9.4%) and OMATEK (+5.9%) led the gainers.

Meanwhile, the naira gained amid big gains in Nigeria’s external FX reserves.

The FX reserves is reported currently at $41 billion (19 August 2025), according to the Central Bank of Nigeria’s (CBN) data.

The currency rose 3bps to N1,535.50/US$ by close of official trade Thursday.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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