…The NASD OTC Securities Exchange saw a slight drop in its NSI (-0.06%) and market capitalization (-0.06%), indicating subdued investor sentiment.
WED MARCH 12 2025-theGBJournal| The Nigerian equities market fell again on Wednesday as investors continued to take profit.
The benchmark index, NGX All-Share Index fell 0.07% to 106,090.38 points as 31 stocks posted losses. Market capitalization equally fell to N66.44 trillion ((0.42 wtd).
Trading volume skyrocketed by 361.77%, indicating a sharp increase in market activity. The 29.57% rise in total trade value suggests larger transactions, possibly driven by institutional investors or block trades.
SOVRENINS led in trading volume but declined by 5.66%, while MTNN dominated the value log with N2.69 billion in trades.
Market breadth at 0.59 signals more declining stocks than than advancing stocks, reinforcing bearish sentiment.
The 7.15% drop in total deals points to reduced trading participation, potentially driven by investor caution.
Meanwhile, the NASD OTC Securities Exchange saw a slight drop in its NSI (-0.06%) and market capitalization (-0.06%), indicating subdued investor sentiment. The marginal decline suggests a stable market despite reduced trading activity.
Trading volume dropped significantly by 36.31%, while the number of trades fell by 34.21%, signaling weak investor participation.
The total market value also declined by 4.81%, reflecting lower transaction sizes and reduced overall market activity.
SDGEFLUID led the market with a 10.07% gain, while SDFCWAMCO faced selling pressure, closing 3.25% lower.
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