SAT MAY 17 2025-theGBJournal| The benchmark NGX All-Share Index rode a four-day long rally on the back of growing investor appetite and sustained recovery trajectory, posting a 0.90% gain to close at to 109,710.37 points.
On Friday, the ASI was up by 0.22% and the market capitalisation also added 0.22% to N68.95 trillion as investors reacted to the April inflation report and global trade developments.
Similarly, all other indices finished higher with the exception NGX Premium and NGX Lotus II Indices which depreciated by 0.05% and 0.92% respectively.
Trading in the top three equities namely FCMB Group Plc, Access Holdings Plc and Tantalizer Plc (measured by volume) accounted for 600.684 million shares worth N6.570 billion in 7,201 deals, contributing 23.05% and 10.30% to the total equity turnover volume and value respectively.
Strong performances from OANDO (+20.7%), TRANSCORP (+6.0%), TRANSCOHOT (+6.2%), NESTLE (+10.0%) and ACCESSCORP (+10.3%), helped push the month-to-date and year-to-date returns to +3.7% and +6.6%, respectively.
Meanwhile, trading volume increased by 3.8% w/w, while trading value fell by 12.5% w/w. Generally, sector performances were positive, as the Consumer Goods (+4.1%), Insurance (+2.5%), Banking (+1.2%), Oil & Gas (+0.7%) and Industrial Goods (+0.1%) indices all closed higher.
Market breadth was strong at 1.71-to-1 ratio with advancing issues outnumbering the declining ones. CHAMPION (10.00%) led the gainers, while INTENEGINS (9.57%) led the laggards log.
Overall, Sixty-one equities appreciated in price during the week, lower than sixty-eight equities in the previous week. Thirty-one equities depreciated in price, higher than twenty-eight in the previous week, while fifty-six equities remained unchanged, higher than fifty-two recorded in the previous week.
The NASD Securities Index (NSI) edged up by 0.03% to close at 3,154.86 points and market capitalisation rose by 0.03% to N1.85 trillion.
The positive price actions suggest selective investor interest. While volume traded declined by 16.56% to 253,960 units, the total value surged by 196.88% to N15.43 million.
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