…The NASD Security Index (NSI) increased by 0.22% to settle at 4,210.92 points
By theG&BJournal
SAT MAR 07 2026-theGBJournal| The domestic stock market closed higher this week, scoring gains in four of the five trading sessions.
Buying interest in DANGCEM (+4.6%), MTNN (+4.0%), BUACEMENT (+2.7%), and ARADEL (+9.1%) drove the All Share Index and market capitalization higher by 2.2% w/w to 196,985.94 points and N126.437 trillion respectively. Consequently, the year-to-date returns settled higher at +26.6%.
All other indices finished higher with the exception of NGX Insurance, NGX MERI Value, NGX Consumer Goods, NGX Growth and NGX Sovereign Bond which depreciated
On trading activity, trading volume and value declined by 32.7% w/w and 31.7%, respectively.
Trading in the top three equities, namely Jaiz Bank Plc, Fortis Global Insurance Plc and Access Holdings Plc (measured by volume), accounted for 661.242 million shares worth N8.062 billion in 38,534 deals, contributing 17.90% and 4.54% to the total equity turnover volume and value respectively.
Across Sectors, performance was mixed, as Oil & Gas (+9.4%), Industrial Goods (+3.9%) and Banking (+0.2%) indices advanced, while the Insurance (-1.9%) and Consumer Goods (-0.1%) indices declined.
The NASD market closed today’s session on a bullish note, rebounding from previous losses, as the NASD Security Index (NSI) increased by 0.22% to settle at 4,210.92 points. Consequently, market capitalisation also increased by the same margin to close at N2.52 trillion.
However, trading activity declined during the session, with transaction volume dipping by 10.58%, while the total value of trades declined by 85.25%.
On the price movement chart, SD11PLC emerged as the top gainer, advancing by 9.09%. Conversely, SDFSTTRUSTMB recorded the highest decline of the session, shedding 11.05%.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
