…NASD Over the Counter (OTC) Securities Exchange sustained its upward momentum, with the NSI rising 0.65% to close at 3,392.4 points
…The Consumer Goods Index advanced 0.23%, buoyed by an impressive 8.11% gain in DANGSUGAR
TUE MARCH 11 2025-theGBJournal| The Nigerian equities market ended the session bullish Monday, posting a 0.1% rise to close at 106,621.91 points, bringing market capitalization to N66.76 trillion.
Trading activity surged, with volume rising 4.52% to 364.97 million units, while market value jumped 81.06%, reflecting heightened investor participation across 14,565 deals.
Gains in TRANSCORP (+9.9%) drove the benchmark index higher as Month-to-Date and Year-to-Date returns settled at -1.1% and +3.6%, respectively.
The advancers-to-decliners ratio stood at 1.19x, indicating a marginally positive market breadth.
The Consumer Goods Index advanced 0.23%, buoyed by an impressive 8.11% gain in DANGSUGAR, which offset losses in CADBURY (-8%), HONYFLOUR (-7.06%), and NB (-0.62%).
The Banking Index followed with a 0.20% uptick, driven by robust performances in FCMB (+9.89%), FIDELITYBK (+1.45%), and ACCESSCORP (+2.31%), reinforcing investor confidence in the financial sector.
The Insurance Index suffered the steepest sectoral decline, shedding 0.87%, dragged down by CUSTODIAN (-0.25%), INTENEGINS (-8.72%), REGALINS (-1.39%), and SUNUASSUR (-2.94%).
Meanwhile, the Oil & Gas Index lost 0.44%, despite ETERNA surging 9.96%, as sell-offs in TOTAL (-4.93%), OANDO (-3.57%), and JAPAULGOLD (-2.44%) overshadowed gains. The Industrial Goods Index also edged down 0.18%, reflecting broad-based sectoral weakness.
Financial services stocks remained the market’s most actively traded, with FIDELITYBK, ACCESSCORP, ZENITHBANK, AFRIPRUD, and UBA collectively accounting for 41% of total shares exchanged. GEREGU led in total transaction value, contributing 53.5% of the day’s traded value, despite its price holding steady.
The Up/Down volume ratio stood at 2.61, signaling a strong bias toward accumulation, as investors positioned for further upside.
Meanwhile, the NASD Over the Counter (OTC) Securities Exchange sustained its upward momentum, with the NSI rising 0.65% to close at 3,392.4 points.
This performance, according to Coronation Research, reflects renewed investor interest in unlisted securities, driven by increased trading activity and improved market sentiment.
The session’s gains were underpinned by strong performances from SDNIPCOPLC (+9.09%), SDOKITIPUPA (+8.87%), SDAGMBANK (+7.69%), and SDFSTTRUSTMB (+6%), as investors sought value in fundamentally strong counters.
The broad-based rally signals sustained demand for select NASD-listed stocks, reinforcing positive market outlooks.
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