SAT APRIL 05 2025-theGBJournal| The Nigerian equities finished the week gasping for breath following feasting by bears.
Sell pressures on OANDO (-13.1%) and FIRSTHOLDCO (-7.6%) dragged the All-Share Index lower by 0.1% w/w to 105,511.89 points while trimming year-to-date gains to 2.51%, as cautious investor sentiment weighed on market momentum.
Market capitalization fell by N8.38 billion to N66.14 trillion by close of Friday trade.
All other indices finished lower with the exception of NGX CG, NGX Banking, NGX Pension, NGX AseM, NGX AFR Bank Value, NGX MERI Value, NGX Sovereign Bond and NGX Pension Broad Indices, which appreciated by 0.13%, 0.22%, 0.22%, 0.06%, 1.02%, 0.32%, 0.12% and 0.02% respectively while the NGX Commodity index closed flat.
Elsewhere, trading activity was subdued, primarily due to the holiday-shortened trading sessions, with volume and value declining by 84.4% w/w and 92.8% w/w, respectively.
On sectors, performance was broadly negative, as the Insurance (-4.1%), Oil & Gas (-1.2%), Consumer Goods (-0.9%), and Industrial Goods (-0.2%) indices closed lower, while the Banking (+0.2%) index advanced.
Trading in the top three equities namely Fidelity Bank Plc, Zenith Bank Plc and Universal Insurance Plc, (measured by volume) accounted for 264.627 million shares worth N5.932 billion in 5,714 deals, contributing 22.36% and 20.55% to the total equity turnover volume and value respectively.
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