…Investor sentiment remained largely positive, driven by strong performances in key stocks such as MTNN (+9.99%), OANDO (+9.96%), and ACCESSCORP (+5.45%).
…The NASD OTC Securities Exchange NSI rose by 1.42% in today’s trading session, reaching 3,338.8 points
THUR JUNE 05 2025-theGBJournal| The Nigerian equities market extended its run of fortune on Thursday with the NGX All-Share Index jumping by 5.13% w/w.
All other indices finished higher with the exception of NGX ASeM Index which closed flat.
Trade metrics improved as well, with volume jumping by 139.05% to 1.46m units, while the value of transactions increased by 100.68% to N33.47bn. The number of trades executed also edged up by 19.94% to 16,410 deals.
Trading in the top three equities namely Fidelity Bank Plc, Legend Internet Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 1.545 billion shares worth N34.446 billion in 4,939 deals, contributing 48.06% and 45.12% to the total equity turnover volume and value respectively.
The market return was driven by bargain-hunting activities in sectors, including the Consumer Goods (+6.20%), Banking (+5.38%), and Insurance (+4.41%), reflecting broad-based investor optimism across key segments of the Nigerian equities market.
In the final trading session of the holiday shortened week, the market’s benchmark NGX All-Share Index closed 1.63% higher to settle at 114,616.75 points.
Similarly, the market capitalisation rose 1.63%, ending the day at N72.28 trillion.
This brought the year-to-date return on the index to 9.58%.
Investor sentiment remained largely positive, driven by strong performances in key stocks such as MTNN (+9.99%), OANDO (+9.96%), and ACCESSCORP (+5.45%).
Market breadth closed positive at a 1.74-to-1 ratio as gainers outnumbered losers. CHAMPION (+10.00%) led 39 others on the gainers table, while NFM (-9.97%) led 22 others on the laggards’ log.
The NASD OTC Securities Exchange NSI rose by 1.42% in today’s trading session, reaching 3,338.8 points, with the market capitalisation also increasing by 1.42% to N1.96 trillion, reflecting overall positive sentiment in the OTC market.
Trading activity surged, with volume up by 36.68%, value up by 62.11%, and the number of trades climbing 69.70%, indicating heightened investor participation and stronger market liquidity.
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