…ACCESSCORP was the most traded stock by volume at 36.60 million units, while GEREGU was the most traded stock by value at N8.22 billion, respectively.
…The CBN sold US$41.6 million at rates between N1,527.50 and N1,531.
TUE MARCH 25 2025-theGBJournal| Nigerian equities closed higher on Tuesday as market continues to bask in renewed bullish sentiments.
The NGX All-Share Index edged higher by 0.04% to close at 105,593.28 points, while the market capitalization gained N26.49 billion, settling at N66.21 trillion.
Total trade value surged by 43.98% to N15.08 billion, trading volume dropped significantly by 20.70% to 349.33 million, suggesting a preference for high-value stocks over broad market participation.
Gains were seen in ZENITHBANK (+3.2%) and GTCO (+1.4%), and the Month-to-Date and Year-to-Date returns consequently settled at -2.1% and +2.6%, respectively.
The total trading volume fell by 20.7% to 349.33 million units, valued at N15.06 billion, and exchanged in 12,450 deals.
ACCESSCORP was the most traded stock by volume at 36.60 million units, while GEREGU was the most traded stock by value at N8.22 billion, respectively.
The Insurance (+2.0%) and Banking (+1.3%) indices advanced, while the Oil & Gas (-1.7%) and Consumer Goods (-0.1%) indices declined. The Industrial Goods index remained unchanged.
As measured by market breadth, market sentiment was positive (1.3x), as 28 tickers gained relative to 21 losers. MAYBAKER (+10.0%) and MBENEFIT (+9.6%) led the gainers, while ETERNA (-9.2%) and ROYALEX (-8.0%) recorded the highest losses of the day.
The NASD OTC Securities Exchange saw slight gains, with the NSI rising 0.02% to 3,340.1 points and market capitalization increasing to N1,929.2 trillion.
However, market activity plunged, as trading volume dropped 98.25% to 16,848 units, while total trade value fell 85.59% to N3.18 million, signaling weak investor participation.
SD11PLC was the only gainer, gaining 0.42% to N241. Total deals fell 81.82% to just 4, indicating low market participation.
Meanwhile, the naira sustained its Monday gains against the US dollar, firming at the official FX rate by 0.1% to N1,530.49/USD as dollar inflows rose 8.2% week-on-week to $1.19 billion, with Central Bank of Nigeria (CBN) intervening for eight consecutive trading sessions.
The CBN sold $41.6 million at rates between N1,527.50 and N1,531.
In the parallel market, the naira gained 1.27% to N1,570, narrowing the gap between official and parallel rates to N37 per dollar.
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