Gains in DANGCEM, MTN and TRANSCOHOT lifts market capitalization by 150bps
- In today’s trading session, bullish sentiment was sustained as the ASI and market capitalization gained 150bps – the biggest single day gain since August 04, 2025 to settle at 153,736.25 points and N97.58trn respectively. As a result, the year-to-date (YTD) return rose to 49.37% from 47.15% in the prior session.
- Gains in DANGCEM (+6.50%), MTNN (+4.17%) alongside TRANSCOHOT (+6.26%) offset losses in ZENITH BANK (-1.39%), ACCESSCORP (-2.20%) and OANDO (-3.33%), keeping the market in the green.
- Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 16.91%. A total of 589.45m shares valued at N20.01bn were exchanged in 28,485 deals. FIDELITYBK (-0.25%) led the volume chart with 94.74m units traded, while GTCO (+0.05%) led the value chart in deals worth N7.39bn.
- Market breadth closed positive at a 1.07-to-1 ratio with advancing issues outnumbering declining ones. SKYAVN (+9.99%) topped thirty-two (32) others on the leader’s log, while LEGENTINT (-5.69%) led thirty (30) others on the laggard’s table.
NASD Summary
- The NASD sustained its positive momentum, as the NASD Securities Index (NSI) and market capitalisation edged lower by 1.40%, closing at 3,626.55 points and N2.17trn, respectively.
- Market activity strengthened significantly, with transaction volume and value rising by 458.67% and 351.83%, respectively.
- SDNASDPLC (+9.09%) topped the market gainers, while SDCSCSPLC (-9.65%) led the decliners in today’s session.
