WED JULY 30 2025-theGBJournal| Nigerian stocks climbed higher Wednesday as investors analysed a raft fresh corporate earnings.
The market closed 0.99 percent higher as the NGX All-Share Index rose to 139,278.67 points and equity market capitalization raced to N88.05 trillion.
The Month-to-Date and Year-to-Date returns printed at +16.1% and +35.2%, respectively.
MTNN (+4.3%), WAPCO (+7.6%), GTCO (+4.0%) and DANGSUGAR (+10.0%) shares rose on bargain-hunting activities. Sell-off was seen in TRANSCORP (-2.95%), INTBREW (-6.31%) and HONYFLOUR (-7.22%) shares but not enough to upset the market.
FIDELITY (+2.44%) led the volume chart with 90.40 million units, while MTNN (+4.32%) led the value chart with N3.35 billion worth of trades.
Sectoral performance was mixed, as the Banking (+1.9%), Industrial Goods (+1.4%), and Consumer Goods (+0.1%) indices closed higher, while the Oil & Gas (-0.1%) and Insurance (-1.0%) indices declined.
As measured by market breadth, market sentiment was positive (1.3x), as 38 tickers gained relative to 30 losers.
MULTIVERSE (+10.0%) and ROYALEX (+10.0%) led the gainers, while ABBEYBDS (-10.0%) and FTNCOCOA (-10.0%) posted the most significant losses of the day.
The NASD Securities Index (NSI) declined further by 0.21% to close at 3,672.20 points, while market capitalisation fell by 0.20%, settling at N2.15 trillion.
Market activity also notably declined. Volume declined by 51.54% to 152,937 units, while transaction value decreased by 38.41% to N11.96 million.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
