NGX Summary
The local bourse rebounded from the previous session’s losses, as the NGX All-Share Index (ASI) advanced by 0.85% to close at 200,705.88 points. Consequently, year-to-date (YTD) return improved to 28.98% from 27.89%, while market capitalisation rose by 0.85% to settle at N128.84tn.
The positive performance was primarily driven by gains in AIRTELAFRI (+10.00%), PRESCO (+5.81%), and GTCO (+5.71%), which more than offset losses in MTNN (-1.11%), FIRSTHOLDCO (-2.99%), and DANGSUGAR (-2.12%).
Market activity strengthened relative to the prior session, with total traded volume and value increasing by 41.83% and 7.92%, respectively. ACCESSCORP (+0.39%) led the volume chart with 266.79 million units traded, while GTCO (+5.71%) dominated the value chart with N19.39bn worth of transactions.
Market breadth closed positive at 1.35x, reflecting stronger buying interest, as 32 gainers outpaced 26 decliners. AIRTELAFRI (+10.00%) topped the gainers’ chart, while NPFMCRFBK (-6.29%) led the laggards.
NASD Summary
The NASD market closed in negative territory in today’s trading session, as the NASD Securities Index (NSI) declined by 0.22% to settle at 4,140.30 points. Market capitalisation mirrored this performance, easing to N2.48tn.
Despite the bearish close, market activity improved significantly compared to the previous session, with traded volume and value surging by 126.34% and 518.93%, respectively.
On the performance front, SDFSTTRUSTMB (+9.13%) topped the gainers’ chart, while SDRIGGS (-11.11%) emerged as the sole decliner for the session.
