Stock market capitalisation appreciates by 1.05% to close at N131.17T
The Nigerian equities market closed the week on a positive note, with the NGX All-Share Index (NGXASI) advancing by 1.03% week-on-week to settle at 203,770.42 points. Similarly, stock market capitalisation appreciated by 1.05% w/w to close at N131.17 trillion, bringing the ASI year-to-date (YTD) return to 30.95%.
The weekly performance was underpinned by sustained buying interest in SEPLAT (+4.95% w/w), GTCO (+10.66% w/w), and ZENITH (+8.74% w/w), which more than offset sell-side pressures observed in MTNN (-1.97% w/w), DANGSUGAR (-3.11% w/w), and OANDO (-4.12% w/w).
Today, the market maintained its positive trajectory, as the NGXASI and market capitalisation rose by 0.30%. This uptick was primarily driven by renewed investor interest in GUINNESS (+9.38%), NASCON (+7.33%), and CHAMPION (+3.45%), which outweighed declines recorded in FCMB (-3.33%), TRANSCORP (-7.10%), and CORNERST (-8.77%).
Market activity weakened during the session, with total traded volume declining by 15.97% and total transaction value falling by 21.00%, indicative of softer investor participation. On the activity chart, ACCESSCORP led in terms of volume with 52.70 million units traded, while ARADEL dominated the value chart with transactions worth N6.49 billion.
Market breadth closed negative at 0.53x, as 20 stocks advanced against 38 decliners. TRANSEXPR (+9.91%) emerged as the top gainer of the day, while OMATEK (-10.00%) recorded the steepest decline.
NASD Summary
The NASD OTC market extended its bearish trend, as both the NASD Securities Index (NSI) and market capitalisation declined by 0.59%.
Market activity was also bearish, with traded volume contracting sharply by 81.90%, while traded value decreased by 36.30%.
On the price movement front, SDCSCSPLC (+9.09%) emerged as the sole gainer, while SD11PLC (-11.11%) recorded the lowest decline for the session.
