TUE APRIL 15 2025-theGBJournal| The Nigerian equities market rose on Tuesday, but volatility continued.
Buying interest were seen in ACCESSCORP (+3.1%) and UNILEVER (+9.7%) as the All-Share Index jumped 3bps to 104,560.02 points.
As a result, the Month-to-Date and Year-to-Date returns settled at -1.0% and +1.6%, respectively while market capitalization climbed marginally to N65.704 trillion.
The total volume of trade decreased by 13.9% to 368.77 million units, valued at NGN10.87 billion, and exchanged in 13,228 deals.
FIDELITYBK was the most traded stock by volume at 47.43 million units on Tuesday, while MTNN was the most traded stock by value at N2.74 billion.
Sectoral performance was mixed, as the Consumer Goods (+0.7%) and Insurance (+0.2%) indices advanced, while the Industrial Goods (-0.9%) and Banking (-0.1%) indices declined. The Oil & Gas index remained unchanged.
As measured by market breadth, market sentiment was negative (0.8x), as 28 tickers lost relative to 23 gainers.
NNFM (-10.0%) and CAVERTON (-9.1%) led the losers, while ABBEYBDS (+9.9%) and UNILEVER (+9.7%) posted the most significant gains of the day.
Meanwhile, the Naira fell Tuesday by 0.3% to N1,607.00 against the dollar, as foreign portfolio investors continued to repatriate funds due to concerns around the uncertainty of the impact of tariffs in their home markets and globally.
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