…Sector wise, most indexes closed positive
…The NASD OTC Securities Exchange reversed some losses from the prior session, with the NASD Securities Index (NSI) gaining 0.12% to end the session at 3,341.22 points
…The Dow Jones Industrial Average fell 769.83 points to end at 42,197.79. The S&P 500 dumped 1.130% to close at 5,976.97
SAT JUNE 14 2025-theGBJournal| Nigerian equities climbed Friday, marking its third consecutive weekly gain as global stocks took a hit after Israel launched a wave of airstrikes on Iran.
The benchmark NGX All-Share Index edged higher by 0.71% w/w to close at 115,429.54 points, in a holiday shortened week of trading.
Over the course of the week, gains in BUACEMENT (+7.53% w/w) and MTNN (+1.82% w/w), OANDO (+21.37% w/w), outweighed losses in ARADEL (-9.09% w/w), ZENITHBANK (-1.08% w/w), and FIRSTHOLDCO (-4.08% w/w) driving the market’s positive performance.
As a result, the market capitalisation gained N512.52 billion w/w to close at N72.79 trillion
On Friday, bullish sentiment persisted on the market folowing sustained buy interests in industrial heavyweights namely, BUA CEMENT (+7.53%), alongside OANDO (+9.35%) and STANBIC (+9.98%).
losses were seen in FIRSTHOLDCO (-5.37%), FIDELITYBK (-2.28%) and CONOIL (-9.99%), keeping the market in the green.
Consequently, the benchmark index posted a 0.67% gain to settle at 115,429.54 points. The year-to-date (YTD) return rose to 12.15%, while market capitalization gained N485.82 billion.
Trade turnover settled higher relative to the previous session, with the value of transactions up by 26.53%.
A total of 933.23 million shares valued at N17.95 billion were exchanged in 20,500 deals.
TANTALIZER (+1.74%) led the volume chart with 420.45 million units traded while GTCO (+0.70%) led the value chart in deals worth N2.52 billion.
Market breadth closed positive at a 2.08-to-1 ratio with advancing issues outnumbering the declining ones.
INFINITY (+10.00%) topped forty-eight others on the leader’s table while NNFM (-10.00%) led twenty-three others on the laggard’s log.
Sector wise, most indexes closed positive, the NGX Consumer Goods Index led sectoral gainers log (+1.32% w/w), followed by the NGX Industrial Goods index (+1.21% w/w), NGX 30 Index followed closely (+0.98% w/w), the NGX Pension Index gained (+0.95% w/w), while the NGX Banking Index (+0.00% w/w) closed flat.
Contrarily, the NGX Oil and Gas Index shed (+1.22% w/w) and the NGX Insurance Index lost (+0.11% w/w) to close the week in the red.
The NASD OTC Securities Exchange reversed some losses from the prior session, with the NASD Securities Index (NSI) gaining 0.12% to end the session at 3,341.22 points.
However, market capitalisation decreased by the same margin to N1.96 trillion.
Despite the market performance, trading activity decreased sharply. Volume traded decreased by 93.06% to 230,253 units, and the total value of transactions decreased by 29.38% to N9.13 million. A total of 37 deals were recorded during the session.
Meanwhile, major global bourses took a hit Friday after Israel launched a severe wave of airstrikes on Iran, pushing energy prices higher and added complication at a time of increased geopolitical tensions.
The Israeli airstrikes on Friday targeted over 100 sites across Iran, including its key nuclear facility in Natanz, killing six scientists, two of whom were prominent nuclear experts.
The Israeli military claimed to have damaged critical underground infrastructure at the Natanz uranium enrichment site, including centrifuge halls and power systems, disrupting the facility’s ability to continue operations and nuclear advancements.
The Dow Jones Industrial Average fell 769.83 points to end at 42,197.79. The S&P 500 dumped 1.130% to close at 5,976.97, while the Nasdaq Composite lost 1.30% to settle at 19,406.83.
In Europe, the Stoxx Europe 600 closed 1% lower while Germany’s DAX fell more than 1.1%.
The FTSE100 also ended Friday 0.5% lower and Brent Crude had risen 6% by the end of the equity market trading day.
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