…The NASD OTC Securities Index (NSI) and market capitalisation fell by 0.37%, closing at 3,561.24 points and N2.13 trillion, respectively.
TUE SEPT 16 2025-theGBJournal| The NGX All-Share Index edged lower on Tuesday as investors took some profit off from some heavyweight stocks, including UBA (-2.3%), INTBREW (-4.2%) and FIDELITYBANK (-2.1%).
AUSTINLAZ (-6.3%) and DEAPCAP (-5.6%) posted the most significant losses of the day
The selloffs drove the benchmark index and market capitalization down 0.1% and 0.08% respectively to 141,546.80 points and N89.59 trillion.
The Month-to-Date and Year-to-Date returns settled at +0.9% and +37.5%, respectively.
The total volume of trades declined by 25.3% to 414.98 million units, valued at N12.94billion, and exchanged in 25,386 deals.
GTCO was the most traded stock by volume and value at 32.89 million units and N3.12billion, respectively.
On sectors, the Insurance (-0.6%), Consumer Goods (-0.4%) and Banking (-0.3%) indices declined, while the Oil & Gas (+0.1%) index advanced. The Industrial Goods index remained unchanged.
As measured by market breadth, market sentiment was negative (0.8x), as 26 tickers lost relative to 21 gainers.
CUSTODIAN (+9.9%) and MULTIVERSE (+9.7%) led the gainers.
The NASD OTC Securities Index (NSI) and market capitalisation fell by 0.37%, closing at 3,561.24 points and N2.13 trillion, respectively.
Market activity improved significantly, as transaction volume and value surged by 843.12% and 175.63%.
SD11PLC (-9.06%) topped the market laggards with no advancers recorded in today’s session.
Meanwhile, the naira stayed strong against the dollar, rising 1.0% to N1,484.00/US$, and reflecting analysts optimism that the positive sentiment would be sustained in the near term, supported by increasing external buffers.
With reserves strengthening, speculative activity subsiding, and oil earnings supporting inflows, many market watchers believe the naira’s current rally has a stronger foundation compared to previous cycles of volatility.
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