Home Business NGX All-Share Index inches higher as stocks gain, traders shake off drag...

NGX All-Share Index inches higher as stocks gain, traders shake off drag from profit-taking in select banking and consumer goods counters

453
0
Access Pensions, Future Shaping

…The NASD market closed on a negative note, with the NASD Securities Index (NSI) and market capitalisation declining by 0.15%

TUE AUG 26 2025-theGBJournal| The NGX All-Share Index rose on Tuesday as market looked beyond profit-taking in select banking and consumer goods counters, including ETI (-6.89%), UACN (-8.69%), and HONYFLOUR (-6.09%).

The benchmark NGX All Share Index (ASI) rose by 0.23% to close at 141,761.36 points with market capitalisation climbing by N203.46 billion (0.23%) to N89.70 trillion.

The year-to-date (YTD) return inched higher to 37.73%, from 37.42% recorded in prior session.

The uptick in market performance was largely underpinned by sustained demand in GTCO (+2.03%), OANDO (+4.95%), and ZENITHBANK (+0.86%).

Sectoral performance was largely positive, as all key indices advanced except the Insurance Index (-0.18%), weighed down by mild profit-taking in AIICO (-0.89%) and NEM (-0.17%).

The Banking Index (+0.73%) anchored market sentiment, trailed with support from the Consumer Goods (+0.48%), Oil & Gas (+0.48%), and the Industrial Goods (+0.09%) indices.

Market activity improved modestly, with trade volume and value transaction rising by 2.33% and 10.61%, respectively.

FCMB (+2.75%) dominated the volume chart with 89.30 million units, while WAPCO (-0.41%) led the value board with N1.63 billion trades.

Market breadth closed negative at 0.84x, reflecting more decliners than gainers. NCR (+10.00%) topped the twenty-six gainers, while LEGENDINT (-10.0%) led the thirty-two losers.

Meanwhile, the NASD market closed on a negative note, with the NASD Securities Index (NSI) and market capitalisation declining by 0.15%, closing at 3,643.45 points and N2.18trn, respectively.

Market activity was mixed, as transaction volume rose sharply by 57.14% while trade value declined by 29.78%, respectively.

SDACORN (+1.52%) advanced as the leading gainer, whereas SDCSCSPLC (-2.55%) led the market laggards.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

 

Access Pensions, Future Shaping
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments