THUR MAY 22 2025-theGBJournal| The Nigerian equities market ended the trading session on Thursday lower as investors sentiment soured further.
Investors took profit from TRANSCORP, FIDELITYBK and DANGSUGAR sending their shares -4.4%, -7.0% and -5.9% lower, respectively.
CHELLARAM (-10.0%) and MAYBAKER (-10.0%) recorded the most significant losses of the day, while UHOMREIT (+10.0%) and REDSTAREX (+9.9%) led the gainers.
The benchmark All-Share Index consequently fell 0.4% to 109,183.02 points, with the Month-to-Date and Year-to-Date returns settling at +3.2% and +6.1%, respectively.
The total volume traded increased by 148.0% to 1.65 billion units, valued at N19.09 billion, and exchanged in 26,176 deals.
ROYALEX was the most traded stock by volume at 903.59 million units, while FIDELITYBK was the most traded stock by value at N2.42 billion.
On sectors, the Insurance (-1.7%), Consumer Goods (-1.4%) and Banking (-1.1%) indices declined while the Oil & Gas and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was negative (-0.6x), as 22 tickers gained relative to 34 losers.
Meanwhile, the Nigerian naira was stable on Thursday, with foreign exchange supply matching demand.
By close of official trade, the naira traded at N1,587 against the dollar from N1,597FX rate, a 0.6% gain
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