THUR MAY 07 2026-theGBJournal| Nigerian stocks finished Thursday in negative territory as sell pressures in DANGCEM (-4.9%), BUACEMENT (-6.5%), WAPCO (-5.1%) and ZENITHBANK (-3.1%) triggered a 1.3% decline in the All-Share Index to 239,596.97 points.
Consequently, the Month-to-Date and Year-to-Date returns moderated to -1.1% and +54.0%, respectively, while market capitalisation also declined by N1.92 trillion (-1.23%) to settle at N153.86 trillion.
The total volume traded rose by 17.5% to 1.66 billion units, valued at N58.81 billion, and exchanged in 72,648 deals.
NEM was the most traded stock by volume at 360.56 million units, while SEPLAT was the most traded stock by value at NGN12.98 billion.
On Sectors, the Insurance (+1.5%), Oil and Gas (+0.4%) and Consumer Goods (+0.1%) indices advanced, while the Industrial Goods (-5.5%) and Banking (-1.1%) indices declined.
As measured by market breadth, market sentiment was positive (1.5x), as 42 tickers gained relative to 28 losers. CAP (+10.0%) and FTNCOCOA (+10.0%) led the gainers, while UPL (-10.0%) and REDSTAREX (-9.6%) recorded the highest losses of the day.
The NASD OTC Market closed on a positive note, as the NASD Security Index (NSI) advanced by 0.21% to 4,110.38 points, while market capitalisation increased by the same margin to settle at N2.46 trillion.
Market activity was weaker during the session, with traded volume and value declining by 26.40% and 31.78%, respectively.
SDFCWAMCO (+8.07%) emerged as the sole gainer in today’s session, while SDCSCSPLC (-4.00%) led the decliners’ chart.
Meanwhile, the naira firmed further, rising by 1.0% to N1,355.85/US$1
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