In today’s session, the NGX All-Share Index and the market capitalisation increased by 0.14% to close at 107,821.39 points and ₦67.19tn respectively.
Trading volume surged by 8.23%, with a 47.18% jump in trade value, indicating a positive sentiment of investors.
With 122.2 million shares traded, Zenith Bank led in volume and trade value at ₦5.87bn
With a market breadth of 0.76, with number of advancing stocks relatively low compared to declining stocks.
Meanwhile, the NGX ASI declined by 0.62% w/w while the market capitalisation lost ₦421.28bn w/w after gaining in two of the five trading.
The downturn was driven by selloff in FBNH (-4.56% w/w), ACCESSCORP (-3.40% w/w) and WAPCO (-3.85% w/w), outweighing gains in ARADEL (+2.60%w/w), HONYFLOUR (+4.50% w/w) NB (+2.35% w/w).
NASD Summary
The NSI and market capitalisation rose by 0.31%, indicating steady investor confidence despite a sharp decline in trading volume. The surge in executed trades (+166.67%) suggests heightened market activity.
Despite the index gains, market liquidity showed signs of strain as trade volume plummeted by 50.27% and total trade value fell 14.90%, signaling reduced large-ticket transactions
SDNASDPLC emerged as the session’s top performer, surging 9.96%, while SDFCWAMCO led the losers with a 4.62% decline.
