Home Business Nigerian equities market retreats with WAPCO, GTCO STANBIC, and ZENITHBANK leading losses

Nigerian equities market retreats with WAPCO, GTCO STANBIC, and ZENITHBANK leading losses

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MON JUNE 30 2025-theGBJournal| Nigerian stocks retreated on the first trading day of the week after a streak of gains last week.

Big stocks including WAPCO (-3.0%), GTCO (-1.5%) and ZENITHBANK (-1.8%) drove the All-Share Index lower by 1bp to 119,978.57 points, fell, painting the market red.

The NGX All-Share Index (NGXASI) year-to-date return fell to 16.57% from 16.58%. Market capitalisation lost N10.88 billion to close N75.95 trillion.

The Month-to-Date and Year-to-Date returns settled at +7.4% and +16.6%, respectively.

The total volume of trades increased by 224.7% to 2.03 billion units, valued at N44.34 billion, and exchanged in 25,172 deals.

ROYALEX was the most traded stock by volume at 502.26 million units, while OANDO was the most traded stock by value at N19.87 billion.

Sectoral performance was mixed as the Banking (-1.1%), Industrial Goods (-0.4%) and Oil & Gas (-0.3%) indices closed lower, while the Consumer Goods (+0.8%) and Insurance (+0.7%) indices advanced.

As measured by market breadth, market sentiment was mixed (1.0x), as 31 tickers gained relative to 30 losers.

LEARNAFRCA (-10.0%) and JBERGER (-10.0%) recorded the most significant losses of the day while CWG (+10.0%) and CAVERTON (+10.0%) led the gainers.

The NASD OTC Security Index (NSI) shed 0.11% today, closing at 3,347.4 points. Market capitalisation mirrored this trend, increasing to N1.96 trillion.

Trading activity was mixed during the session.

The volume traded declined by 99.62% to 846,042 units, while the total value of transactions increased by 86.06% to N16.15 million.

A total of 33 deals were recorded during the session.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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