…at the NASD OTC, the Index (NSI) and market capitalisation declined by 1.50% w/w, closing at 3,565.46 points and N2.13 trillion, respectively
FRI SEPT 05 2025-theGBJournal| In a week shortened by a public holiday, the NGX All-Share Index and Market Capitalization fell by 0.94% to 138,980.01 and N87.937 trillion respectively by close of trading on Thursday.
Similarly, all other indices finished lower with the exception of NGX Growth and NGX Commodity indices which rose by 0.15% and 0.04% respectively, while the NGX AseM index closed flat.
The market downturn was underpinned by broad-based selling pressure in notable stocks including WAPCO (-13.08% w/w), OANDO (-7.91% w/w), and DANGSUGAR (-5.17% w/w), and ZENITHBANK (-1.7%), which outweighed buying interest in TRANSCORP (+5.74% w/w), CORNERST (+12.36% w/w), and NASCON (+1.69% w/w).
Market activity also weakened, as trading volume and value fell by 34.7% w/w and 16.0% w/w, respectively.
Sectoral performance mirrored the overall market downturn, with all key indices — Industrial Goods (-2.1%), Banking (-1.5%), Consumer Goods (-1.2%), Oil & Gas (-0.8%), and Insurance (-0.8%) — closing in the red.
Overall, a total turnover of 3.117 billion shares worth N90.295 billion in 118,018 deals was traded by investors on the floor of the Exchange, in contrast to a total of 3.199 billion shares valued at N85.399 billion that exchanged hands last week in 142,477 deals.
Trading in the top three equities, namely Sovereign Trust Insurance Plc, Access Holdings Plc and Fidelity Bank Plc (measured by volume), accounted for 1.685 billion shares worth N9.813 billion in 9,367 deals, contributing 54.05% and 10.87% to the total equity turnover volume and value respectively.
Analysts consensus is that investor sentiment at the NGX Exchange is likely to stay cautious, with continued profit-taking and selective portfolio reallocation into fundamentally strong stocks offering attractive entry points.
Nineteen stocks appreciated in price during the week, lower than thirty-two equities in the previous week.
Sixty-four equities fell in price, higher than fifty-seven equities in the previous week, while sixty-four (64) equities remained unchanged, higher than fifty-seven recorded in the previous week.
Meanwhile, at the NASD OTC, the Index (NSI) and market capitalisation declined by 1.50% w/w, closing at 3,565.46 points and N2.13 trillion, respectively.
Market activity notably improved, as transaction volume and value rose by 35.89% and 884.27%, respectively.
SDFSTTRUSTMB (+3.23%) topped the market gainers, while SDAFRILAND (-4.47%) led the market losers.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
