…The NASD market closed on a bullish note, as the NASD Securities Index and market capitalisation advanced by 0.20% to settle at 3,630.11 points and N2.17 trillion, respectively
SAT JAN 31 2026-theGBJournal| Nigerian stocks closed slightly lower on Friday, as politics and corporate earnings remained on focus.
The gains of MTNN (-1.4%), FIRSTHOLDCO (-8.2%), and DANGSUGAR (-2.4%) fell, outweighing gains in SKYAVN (+28.7%), ABBEYBDS (+32.4%), and NAHCO (+9.1%)
The All-Share Index fell by 0.1% w/w Friday to 165,370.40 points with the YTD returns moderating to +6.3%, while Market Capitalization finished the week at N106.153 trillion.
All other indices finished higher with the exception of NGX 30, NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX Growth and NGX Pension Broad indices which depreciated by 0.13%, 0.63%, 0.75%, 0.63%, 0.41%, 1.13% and 0.22% respectively.
Market activity, trading volume declined by 1.0% w/w, while trading value declined by 4.2% w/w.
On sectors, performance was mixed as the Insurance (+0.8%), Consumer Goods (+0.7%), Industrial Goods (+0.1%), and Oil & Gas (+0.1%) indices advanced, while the Banking (-0.6%) index was the sole loser for the week.
Meanwhile, the NASD market closed on a bullish note, as the NASD Securities Index and market capitalisation advanced by 0.20% to settle at 3,630.11 points and N2.17 trillion, respectively.
On a week-on-week basis, the NASD OTC market contracted by 0.25%.
Market activity weakened significantly, with transaction volume and value plunging by 85.57% and 77.19%, respectively, indicating subdued investor participation despite the session’s positive close.
On the performance board, SDOKITIPUPA (+6.69%) led the gainers, while SDGEFLUID (-10.43%) topped the decliners’ chart for the session.
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