…The NASD OTC market exchange today, the NASD Securities Index (NSI) gained 0.02% to end the session at 3,387.7 points
TUE JULY 08 2025-theGBJournal| The Nigerian equities market extended gains Tuesday, with solid gains in FIRSTHOLDCO (+7.0%), DANGSUGAR (+8.2%), UBA (+1.23%) and GTCO (+1.7%) reflecting the recent positive market mood.
The NGX All-Share Index advanced by 0.3% to 121,653.93 points with the Month-to-Date and Year-to-Date returns settling at +1.4% and +18.2%, respectively. Market capitalisation also gained 0.30%, closing at N76.76 trillion.
Market activity mirrored the positive sentiment. The total volume of trades advanced by 22.3% to 1.01 billion units, valued at N19.48 billion, and exchanged in 24,770 deals.
ACCESSCORP was the most traded stock by volume at 124.25 million units, while GTCO was the most traded stock by value at N2.86 billion.
Sectoral performance was mixed, as the Insurance (+2.5%), Banking (+1.1%) and Consumer Goods (+0.6%) indices advanced while the Oil & Gas (-0.2%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (2.7x), as 56 tickers gained relative to 21 losers. CHAMPION (+10.0%) and OMATEK (+10.0%) led the gainers while DEAPCAP (-10.0%) and ETRANZACT (-9.6%) recorded the most significant losses of the day.
Meanwhile, the NASD OTC market exchange today, the NASD Securities Index (NSI) gained 0.02% to end the session at 3,387.7 points. Market capitalisation expanded by similar margin of 0.02% settling at N1.98 trillion.
Despite the positive performance, trading activity decline significantly. Volume traded dropped by 91.47% to 916,738 units, while the value of transactions dipped by 47.73% to N22.46 million.
In addition, total number of trades further declined by 26.67% to 22 deals executed, indicating few trades drove the market sentiment.
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