SAT APRIL 26 2025-theGBJournal| Nigerian equities market rose after the NGX All-Share Index gained for a third straight day as investors reacted positively to corporate earnings releases during the week.
MTNN (+5.6%), WAPCO (+13.3%), GTCO (+6.9%), NESTLE (+10.0%), and ZENITHBANK (+5.7%) shares climbed alongside heavyweight stocks such as DANGCEM (-10.00%), VFDGROUP (-7.57%), DANGSUGAR (-2.03%), ACCESSCORP (-0.21%), and TRANSCORP, lifting the All-Share Index (ASI) by 1.5% w/w to close at 105,753.05 points.
All other indices finished higher with the exception of NGX Premium, NGX Oil & Gas, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond Indices, which depreciated by 0.43%, 0.07%, 3.44%, 0.41% and 0.06% respectively.
Total market capitalization bounced also to N66.46 trillion while the month-to-date (MTD) loss moderated to -1.9%.
Similarly, the year-to-date (YTD) gain increased to 2.7%. Market activity strengthened, with trading volume and value increasing by 21.7% and 30.3%, respectively.
Sectoral performance was mixed: the Consumer Goods index led with a remarkable 14.8% gain, followed by the Banking index (+4.2%). However, the Oil and Gas (+10.7%), Insurance (-6.7%), and Industrial Goods (-6.1%) indices posted losses.
Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 797.873 million shares worth N22.043 billion in 8,618 deals, contributing 43.03% and 39.34% to the total equity turnover volume and value respectively.
The NASD OTC market experienced a bearish session, declining by 0.24%.
This dragged the market capitalization down to N1.914 trillion from the previous N1.918 trillion, reflecting weak investor sentiment in the unlisted securities segment.
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