…The NASD sustained its positive momentum, as the NASD Securities Index (NSI) and market capitalisation edged higher by 1.18%
THUR OCT 16 2025-theGBJournal| The NGX All-Share Index (ASI) rose by 0.41% on Thursday to close at 148,355.04 points, building on gains from previous session.
The year-to-date equally improved to 44.14% from 43.54% in the previous session, while the market capitalisation expanded by N388.95 billion to settle at N94.17 trillion.
The Month-to-Date and Year-to-Date returns consequently settled higher at +4.0% and +44.1%, respectively.
The uptrend was driven by buying interest in select large cap stocks such as DANGCEM (+2.4%), WAPCO (+2.3%), and FIRSTHOLDCO (+2.4%), and NESTLE (+1.16%).
Mild profit-taking was seen in DANGSUGAR (-2.51%), UBA (-0.94%), CUSTODIAN (-4.55%), and NEM (-3.43%).
The total volume traded advanced by 11.1% to 432.4 million units, valued at N16.91 billion and exchanged in 23,665 deals.
ACCESSCORP was the most traded stock by volume at 40.34 million units, while GTCO was the most traded stock by value at N2.58 billion.
Sectoral performance was broadly positive as the Industrial Goods (+1.4%), Consumer Goods (+0.2%), Banking (+0.2%), and Oil & Gas (+0.2%) indices advanced, while the Insurance (-1.4%) index declined.
As measured by market breadth, market sentiment was positive (1.2x), as 29 tickers gained relative to 25 losers.
NSLTECH (+7.1%) and STERLING (+6.5%) led the gainers, while SUNUASSUR (-9.7%) and HMCALL (-7.5%) led the laggards.
The NASD sustained its positive momentum, as the NASD Securities Index (NSI) and market capitalisation edged higher by 1.18%, closing at 3,554.36 points and N2.13 trillion, respectively.
Market activity strengthened significantly, with transaction volume and value surging by 33,942.76% and 10,711.63%, respectively.
SDCSCSPLC (+9.07%) topped the market gainers, while SDAIRLIQ (-8.16%) led the decliners in today’s session.
At the FX market, the official FX rate fell 0.5% to N1,474.00/US$ (vs N1,466.50/US$ on Wednesday), sustaining its losing streak against the dollar.
The NTB secondary market traded with bullish sentiments as the average yield contracted by 4bps to 17.3%.
Across the curve, the average yield contracted at the short (-1bp), mid (-12bps) and long (-1bp) segments, driven by the demand for the 84DTM (-1bp), 161DTM (-45bps), and 357DTM (-16bps) bills, respectively.
Similarly, the average yield contracted by 7bps to 20.5% in the OMO segment.
Elsewhere, the FGN bond secondary market was quiet, as the average yield remained unchanged at 15.9%.
At the money market, the overnight lending rate contracted by 5bps to 24.8% in the absence of any significant inflows into the system.
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