…The year-to-date (YTD) return remains at 1.98%, reinforcing long-term stability despite recent volatility as evidenced in the 0.94% decline in its WTD position.
…Trading volume rose 27.91% (397.21 million shares), while value surged 126.81% (N14.17 billion), driven by SEPLAT (N5.15 bn), TRANSCOHOT (N1.2 bn), and MTNN (N1.03 billion)
SAT MARCH 22 2025-theGBJournal| After a four-day losing streak, the NGX All-SHARE Index rebounded by 0.10% on Friday to close at 104,962.96 points, lifting market capitalization to N65.82 trillion (+N65.33 billion gain).
All other indices finished lower with the exception of NGX Consumer Goods which appreciated by 0.06% while the NGX AseM and NGX Sovereign Bond indices closed flat
The year-to-date (YTD) return remains at 1.98%, reinforcing long-term stability despite recent volatility as evidenced in the 0.94% decline in its WTD position.
BUACEMENT (-10.0%), TRANSCORP (-7.8%) and GTCO (-4.6%) took heavy losses.
Trading in the top three equities namely Sovereign Trust Insurance Plc, Jaiz Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.497 billion shares worth N5.065 billion in 3,662 deals, contributing 51.59% and 10.54% to the total equity turnover volume and value respectively.
Trading volume rose 27.91% (397.21 million shares), while value surged 126.81% (N14.17 billion), driven by SEPLAT (N5.15 billion), TRANSCOHOT (N1.2 bn), and MTNN (N1.03 billion).
FIDELITYBK (62.27 million shares) dominated by volume, appreciating 5.29% to close at N17.90.
Sectoral performance reflects selective buying with the Oil & Gas Index gaining 0.50%, led by OANDO (+5.59%) and JAPAULGOLD (+1.01%), while the Banking Index rebounded after six days of losses with gains in UBA (+5.75%), FIDELITYBK (+5.29%), and ACCESSCORP (+0.45%).
The Insurance Index fell 0.49%, weighed down by WAPIC (-9.39%), despite LINKASSURE (+10.00%) leading the gainers.
While market volatility persists, liquidity inflows, sectoral rebounds, and a technical setup near oversold conditions indicate that institutional buyers may soon step in.
Watch for sustained momentum in banking and energy stocks as potential catalysts for a broader market recovery.
At the NASD OTC market, The NSI fell 0.44% (3,358.60 points), while market capitalization declined to N1.94 trillion. No gainers were recorded, with top losers including SDFCWAMCO (-4.95%), SDCSCSPLC (-4.42%), and SDAFRILAND (-0.10%), reflecting weak investor confidence.
Volume surged 50.68% to 304,188 unit of shares, while value skyrocketed 1,214.81% to N10.21 million, suggesting selective large trades despite broader market declines.
The sharp 88.24% increase in trades (32 deals) indicates renewed activity, though price pressures persist.
Despite heightened trade activity, weak sentiment and lack of gainers suggest investors remain cautious, with liquidity flows favouring select counters amid continued sell-offs.
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