WED JULY 16 2025-theGBJournal| The domestic Nigerian equities market extended its winning streak as gains in banking tickers, including GTCO (+7.6%), ZENITHBANK (+9.8%), UBA (+6.3%), STANBIC (+9.7%), and FIRSTHOLDCO (+9.9%) drove the All-Share Index higher by 1.8% to 128,967.08 points.
The Month-to-Date and Year-to-Date returns settled higher at +7.5% and +25.3%, respectively. Similarly, the market capitalisation gained N1.44 trillion to close at new all-time-high of N81.58 trillion.
The total volume of trades increased by 807.0% to 11.67 billion units, valued at N363.41 billion, and exchanged in 36,635 deals.
FIRSTHOLDCO was the most traded stock by volume and value at 10.47 million units and N324.47 billion, respectively.
Sectoral performance was mixed as the Banking (+7.1%), Consumer Goods (+1.3%) and Industrial Goods (+1.2%) indices closed higher, while the Oil & Gas (-0.2%) and Insurance (-2.9%) indices declined.
As measured by market breadth, market sentiment was negative (0.9x), as 40 tickers gained relative to 43 losers.
NESTLE (+10.0%) and OMATEK (+10.0%) led the gainers, while FTNCOCOA (-10.0%) and NPFMCRFBK (-10.0%) recorded the most significant losses of the day.
The NASD OTC Securities Index (NSI) and market capitalisation closed flat today. The NSI also closed at 3,472.8 points while the market capitalisation settled above N2..03 trillion.
Market activity plunged, as transaction volume declined by 59999%, while trade value declined by 99.94%. Notably, number od deaks fell by 84005% to 4 deals.
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