…The naira traded firmly against the U.S. dollar, closing 0.2% stronger to N1,531.50/US$1
MON SEPT 01 2025-theGBJournal| The Nigerian equities market fell by close of trading on Monday following intense profit-taking, and extending its bearish run to start the new month.
The NGX All-Share Index ended the day 0.4% lower to 139,722.19 points, notching its fourth consecutive day of losses.
Market capitalization also went down by N439.57 billion (-0.41%), settling at N88.41 trillion, while the Month-to-Date and Year-to-Date returns settled at -0.4% and +35.8%, respectively.
WAPCO (-5.4%), ZENITHBANK (-2.4%), UBA (-2.9%) and OANDO shares fell as profit-taking took its toll, but CORNERST (+7.98%), SOVRENINS (+10.00%), and NASCON (+1.12%) shares climbed amidst the market downturn.
The total volume traded declined by 6.2% to 407.98 million units, valued at NGN14.78 billion, and exchanged in 33,859 deals. FCMB was the most traded stock by volume at 55.84 million units, while ARADEL was the most traded stock by value at NGN5.31 billion.
Sectoral performance was broadly negative as the Banking (-1.1%), Industrial Goods (-0.9%), Oil & Gas (-0.5%) and Insurance (-0.1%) indices declined, while the Consumer Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.5x), as 15 tickers gained relative to 32 losers. ELLAHLAKES (-10.0%) and ETERNA (-10.0%) led the laggards, while SOVRENINS (+10.0%) and SCOA (+9.8%) posted the most significant gains of the day.
At the NASD OTC Securities, the benchmark Index (NSI) and market capitalisation declined by 0.42%, closing at 3,604.70 points and N2.17 trillion, respectively.
Market activity equally declined, as transaction volume surged by 62.99% and while value dipped by 11.68%.
SDFCWAMCO (+2.54%) topped the market gainers, while SDCSCSPLC (-9.76%) led the market losers.
Meanwhile, the naira traded firmly against the U.S. dollar, closing 0.2% stronged to N1,531.50/US$1.
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