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NGX All-Share index climb despite losses in the first three sessions of the week

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Stock traders on NGX trading floor
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…Sectoral performance was broadly mixed, with gains in the Industrial Goods (+1.33% w/w), the Banking (+1.19% w/w), and the Consumer Goods (+1.15% w/w) indices.

SAT SEPT 27 2025-theGBJournal| The NGX All-Share Index and Market Capitalization rose by 0.20% and 0.24% on Friday to close the week at 142,133.03 and N89.960 trillion respectively, despite losses in the first three sessions of the week.

Similarly, all other indices finished higher with the exception of NGX CG, NGX Pension, NGX Insurance, NGX MERI Growth, NGX Oil and Gas, NGX Lotus II, NGX Pension Broad and NGX Commodity Indices which depreciated by 0.08%, 0.15%, 0.91%, 0.35%,1.62%, 0.52%, 0.07% and 0.91% respectively while the NGX AseM and NGX Sovereign Bond indices closed flat.

Thirty-two equities gained in price during the week, lower than forty equities
in the previous week. Fifty-one equities depreciated in price, higher than forty-one
equities in the previous week, while sixty-four equities remained unchanged, lower than sixty-six recorded in the previous week.

The bullish market performance was driven by buying interest in select large and mid-cap names such as ZENITHBANK (+9.14% w/w), STANBIC (+9.29% w/w), INTBREW (+10.08% w/w) and DANGCEM (+1.72% w/w), which offset selloffs recorded across select banking and telecom counters, including MTNN (-3.45% w/w), FIRSTHOLDCO (-2.82% w/w), FIDELITYBK (-11.08% w/w), and WEMABANK (-12.41% w/w).

Sectoral performance was broadly mixed, with gains in the Industrial Goods (+1.33% w/w), the Banking (+1.19% w/w), and the Consumer Goods (+1.15% w/w) indices.

Conversely, the Insurance (-0.91% w/w) and the Oil & Gas (2.34% w/w) indices closed the week lower.

In Friday’s session, the market closed positive, with the NGX ASI and market capitalisation gaining 0.70% and 0.69%, respectively.

Meanwhile, market activity weakened sharply, with transaction volume and value declining by 90.53% and 95.70%, respectively.

ABBEYBDS (0.00%) dominated the volume of transaction with 50.03mn units, while STANBIC (+2.00%) led the value chart with N4.17bn worth of trades.

Market breadth closed positive at 1.64x, reflecting more gainers than decliners. THOMASWY (+10.0%) led the gainers, while FIDELITYBK (-10.0%) topped the laggards, with the rest of the stocks closing flat.

Meanwhile, the NASD OTC Securities Index (NSI) and market capitalisation gained by 0.32% w/w, closing at 3,535.41 points and N2.12 trillion respectively.

The market closed lower Friday, down by 0.08%. However, market activity improved sharply, as transaction volume and value surged by 1,834.48% and 108.48%.

SDGEFLUID (-9.34%) topped the decliners, with no gainers recorded in today’s session.

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

 

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