THUR MARCH 27 2025-theGBJournal| Sell pressures in ZENITHBANK (-2.3%) and FIRSTHOLDCO (-2.4%) induced a 0.1% decline in the All-Share Index to 105,426.12 points.
Market capitalization fell also by a hefty N66.11 trillion, while the Month-to-Date and Year-to-Date returns printed -2.2% and +2.4%, respectively.
The total volume of trade decreased by 92.7% to 423.62 million units, valued at NGN9.18 billion, and exchanged in 11,393 deals. ACCESSCORP was the most traded stock by volume at 64.96 million units, while ZENITHBANK was the most traded stock by value at NGN1.97 billion.
Sectoral performance was mixed as the Banking (-1.2%) and Oil & Gas (-0.2%) indices declined, while the Insurance (+0.2%) index closed higher. The Industrial Goods and Consumer Goods indices remained unchanged.
As measured by market breadth, market sentiment was negative (0.7x), as 28 tickers lost relative to 20 gainers. JOHNHOLT (-10.0%) and CHAMS (-8.5%) led the losers, while MBENEFIT (+9.1%) and UNIVINSURE (+9.1%) recorded the most significant gains of the day.
Meanwhile, the NASD OTC Securities Exchange saw a slight decline, with the NSI and market capitalization dropping by 0.14% to close at 3310.5 points and N1.91 trillion respectively.
Market activity soared, as trade volume spiked by 2,483.08%, while trade value and number of trades increased by 760.98% and 276.92%, respectively.
SDCSCSPLC was the top gainer on the NASD OTC market, rising 7.14% to close at N25.21, while SDOKITIPUPA led the laggards with a 6.24% decline, closing at N240.5.
At the FX market, the naira fell by N5.26 to N1,537.62 per US dollar in the official market, despite the CBN selling over $1 billion in FX interventions.
The central bank continues FX interventions, selling $29.70 million in the latest round to curb rising demand for foreign currency.
Nigeria’s external reserves inched up to $38.315 billion, while oil prices rose due to falling U.S. crude inventories and concerns over supply disruptions.
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