THUR NOV 20 2025-theGBJournal| The Nigerian equities market extended its bearish run for the third consecutive session this week on Wednesday, despite easing concerns around the revised Capital Gains Tax (CGT).
Tier one banking names saw their valuation shrink further as sell pressures squeezed GTCO (-1.40%), ZENITHBANK (-2.46%), UBA (-2.31%), ACCESSCORP (-1.59%), and FIRSTHOLDCO (-0.50%) and GTCO (-1.4%) shares
Big name TRANSCORP (-8.4%) shares also tumbled amid the market bubble. Mild buying interest was also seen in NESTLE (+2.89%), OANDO (+2.39%), and INTBREW (+1.26%) shares.
The sell offs dragged the NGX benchmark index, the All-Share Index (ASI) down by 0.23% to close at 144,646.01 points.
The year-to-date (YTD) return equally moderated to 40.53% from 40.86% in the previous session, while the market capitalisation shed N216.58 billionn to settle at N92.00 trillion.
Sectoral performance was broadly negative with only the Consumer Goods Index (+0.09%) inching slightly into the positive territory.
Conversely, the Insurance Index (-1.35%) led the decliners, followed by the Banking (-1.22%), Oil & Gas (-0.18%), and the Industrial (-0.005%) indices.
Market activity improved considerably, as trade volume surged by 136.65%, while transaction value rose by 41.74%. ACCESSCORP (-1.59%) topped the trading activity, with 488.36mn units traded, valued at N10.57bn.
Market breadth closed negative at 0.41x, indicating more market decliners than gainers. NCR (+9.85%) led the seventeen gainers, while LIVINGTRUST (-9.92%) led the forty-two laggards.
Meanwhile, for the third consecutive session this week, the NASD market maintained its positive momentum, as the NASD Securities Index (NSI) and market capitalisation rose by 0.16%, closing at 3,632.52 points and N2.17trn, respectively.
Market activity weakened, with transacting volume and transaction value declining by 84.57% and 87.69%, respectively.
SDFCWAMCO (+3.16%) was the sole gainer, while no decliners were recorded in today’s session.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
