MON JUNE 02 2025-theGBJournal|The Nigerian equities market ended the first trading day of the month higher.
Gains in MTNN (+3.2%), FIRSTHOLDCO (+2.0%), and OANDO (+2.7%) drove a 0.3% rise in the benchmark NGX All-Share Index (ASI) to 112,015.95 points ON Monday.
Losses were seen in ZENITHBANK (-0.10%), HONYFLOUR (-4.76%) and FIDELITYBK (-2.06%) shares.
The Month-to-Date and Year-to-Date returns settled at +0.3% and +8.8%, respectively.
The total volume of trades declined by 72.8% to 517.95 million units, valued at N10.07 billion, and exchanged in 17,019 deals.
FIDELITYBK was the most traded stock by volume and value at 98.82 million units and N1.88 billion, respectively.
The Insurance (+0.9%) and Oil & Gas (+0.2%) indices advanced, while the Consumer Goods (-0.1%) and Banking (-0.1%) indices declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 32 tickers lost relative to 23 gainers.
LEGENDINT (-9.9%) and NSLTECH (-9.8%) recorded the most significant losses of the day while MULTIVERSE (+9.9%) and LIVESTOCK (+9.6%) led the gainers.
The NASD OTC Securities Exchange ended the session on a negative note, with the NASD Security Index (NSI) dipping by 0.04% to close at 3,246.8 points, bringing the market capitalisation down by the same margin to N1.90 trillion.
Market activity surged significantly as volume traded rose by 324.75% to 360,218 units, while the value of trades spiked by 1,238.30% to N16.90 million across 33 deals, marking a 230% increase in trade count.
At the official FX market, naira rate appreciated by 0.1% to N1,585.50/US$1 from N1,586.15/US$1 seen last Friday.
The gain was supported by improved dollar liquidity and Central Bank of Nigeria’s (CBN) intervention.
At the parallel market, the rate stood at N1, 615 amid expectations that the CBN will stop selling dollar to bureau de change.
The USD/NGN pair traded within a tight range of N1,584.50 to N1,590.70, with sufficient inflows and moderate corporate demand suggesting the naira is
likely to stay within this exchange rate band barring major shocks.
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