…The market capitalisation gained N1.75 trillion w/w to close at N74.53 trillion
…NASD OTC Security Index (NSI) gaining 0.03% in the final session of the week, the benchmark index declined by 0.54% w/w to close at 3,320.9 points.
SAT JUNE 21 2025-theGBJournal| Major NGX indexes closed higher on Friday while global oil prices fell as the U.S President Donald Trump suspended immediate military action in the Israel-Iran conflict.
The Israel-Iran conflict has seen Brent bounce in a wide range of $70.56 to $79.04 per barrel this week but closed Friday on slightly bearish, around $77 per barrel after the Trump administration pushed out the timeline of its potential involvement in the Gulf.
US Federal Reserve decisions, OPEC+ policy, Chinese imports – all the usual bullish factors – have been on the back burner this week as the outcome of the Israel-Iran row will dictate further oil price movements.
Meanwhile, despite sell-offs in the first two trading sessions of the week, the Nigerian equities market closed on a positive note, with the All-Share Index (ASI) edging higher by 2.35% w/w to close at 118,138.22 points.
Over the course of the week, gains in GTCO (+18.81% w/w), SEPLAT (+9.78% w/w), STANBIC (+9.64% w/w), MTNN (+9.51% w/w), and ARADEL (+7.36%) outweighed losses in OANDO (-11.59% w/w), UBA (-4.84% w/w), FIRSTHOLDCO (-4.43% w/w), and ACCESSCORP (-2.01% w/w).
As a result, the market capitalisation gained N1.75 trillion w/w to close at N74.53 trillion.
Friday’s, bullish sentiment persisted on the NGX Exchange as the All-Share Index (ASI) advanced by 0.24%.
Buying interest in GTCO (+6.52%), HONYFLOUR (+3.36%), STANBIC (+2.35%), and ACCESSCORP (+0.46%) outweighed losses in DANGSUGAR (-3.61%), BUACEMENT (-2.33%), OANDO (-1.45%), and ZENITHBANK (-0.10%), keeping the market in positive territory.
Consequently, the ASI year-to-date (YTD) return rose to 14.78%, while market capitalisation gained 18.75% (YTD).
Analysis of today’s market activities showed that trade turnover settled lower relative to the previous session, with the value of transactions declining by 10.65%. A total of 522.81 million shares valued at N19.68 billion were exchanged in 17,706 deals.
FIDELITYBK (+1.04%) led the volume chart with 38.29 million units traded, while OKOMUOIL (+4.62%) topped the value chart with trades worth N5.19 billion.
Market breadth closed positive at a 1.33-to-1 ratio, with advancing issues outnumbering decliners.
LEGENDINT (+10.00%) topped thirty-six (36) gainers, while SUNUASSUR (-8.62%) led twenty-seven (27) losers; the remainder of stocks were unchanged.
Sector-wise, most indexes closed higher, led by the NGX Oil and Gas Index, which gained 5.27% w/w, followed by the NGX Pension Index (+4.21% w/w), NGX Banking Index (+3.58% w/w), NGX Insurance Index (+2.37% w/w), and NGX Consumer Goods Index (+2.16% w/w).
The NGX Industrial Index was the only sector that declined, falling by (-0.36% w/w).
Despite the NASD OTC Security Index (NSI) gaining 0.03% in the final session of the week, the benchmark index declined by 0.54% w/w to close at 3,320.9 points.
Market capitalisation mirrored this trend, easing to N1.94 trillion.
Trading activity showed a mixed picture, with volume traded falling 14.91% to 223,039 units, while the total value of transactions surged by 233.20% to N15.19mn. A total of 21 deals were recorded during the session.
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