SAT NOV 01 2025-theGBJournal| The equities market fell on Friday, driven by losses in large and mid-cap counters after its seven-week bullish rally. The NGX All Share Index (ASI) moderated by 0.98% w/w to close at 154,126.45 points.
This pulled the year-to-date (YTD) return to 49.74% from 51.22% in the preceding week, while the market capitalisation shed N963.94bn w/w, to settle at N97.83 trillion.
Similarly, all other indices finished lower with the exception of NGX AFR Div Yield, NGX MERI Growth, NGX Oil and Gas, NGX Sovereign Bond and NGX Commodity Indices which appreciated by 0.73%, 1.01%, 0.30%, 0.50%, and 0.15% respectively.
The negative performance was driven by persistent profit-taking in large and mid-cap counters such as DANGCEM (-0.75% w/w), GTCO (-3.24% w/w), ZENITHBANK (-6.25% w/w), WAPCO (-3.45% w/w), and UBA (-4.64% w/w), which outweighed demand in MTNN (+0.99% w/w), STANBIC (+4.48% w/w), OANDO (+11.87% w/w).
Sectoral performance was broadly negative with only the Oil & Gas Index (+0.30% w/w) closing in the green. Conversely, the Insurance Index (-3.47% w/w) led the decliners, followed by the Consumer Goods (-2.73% w/w), Banking (-2.11% w/w), and Industrial Goods (-1.02% w/w) indices.
Trading in the top three equities, namely Cornerstone Insurance Plc, Wema Bank Plc, and Guaranty Trust Holding Company Plc (measured by volume), accounted for 5.268 billion shares worth N48.964 billion in 9,663 deals, contributing 70.43% and 33.67% to the total equity turnover volume and value respectively.
In Friday’s session, the market closed higher, with the NGX ASI and market capitalisation rose by 0.29%, respectively.
Market activity improved compared to the previous session, with the transaction volume and value higher by 553.57% and 28.61%, respectively.
CONERST (+9.82%) led the trading activity with 4.68bn units traded valued at N22.13bn worth of trades.
Market breadth closed negative at 0.86x, reflecting more decliners than gainers. JBERGER (+10.00%) led the thirty (30) gainers, while DEAPCAP (-10.0%) topped the thirty-five (35) laggards, with other stocks closing flat.
Meanwhile, the NASD closed the week on a negative note, as the NASD OTC Securities Index (NSI) and market declined by 0.80% w/w, to close at 3,625.45 points and N2.17trn, respectively.
The market closed higher in today’s session, rising by 0.46%. However, market activity was down, with transaction volume and value declining sharply by 99.83% and 97.97%, respectively.
SDFCWAMCO (+9.09%) led the market gainers, while SDGEFLUID (-0.69%) led the laggards’ log.
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