In today’s session, the NGX All-Share Index edged down 0.07% to 108,497.40, while market capitalisation declined by the same margin to ₦67.61 trillion, reflecting a mixed trading session despite a 0.42% gain on the week.
Trading volume plunged 25.05%, suggesting reduced market participation, while total value traded saw a slight 0.75% decline, indicating selective profit-taking or cautious positioning.
For the fifth consecutive week, the NGX All-Share Index and Market Capitalisation appreciated by 0.41% and 0.29% to close the week at 108,497.40 and N67.614 trillion respectively. The year-to-date return has also increased to 5.41% from 4.98% the previous week.
The 6-month Relative Strength Index (RSI) at 61.90 signals a neutral-to-bullish momentum, with the NGXASI staying above its 10-day (107,879.87), 50-day (103,953.62), and 100-day (100,906.34) moving averages, reinforcing near-term market resilience.
The MPC’s decision to hold MPR at 27.50% and maintain tight CRR (50% for banks, 16% for merchant banks) points to a tampered restrictive stance, potentially limiting speculative rallies, though sustained foreign inflows or sectoral catalysts could drive selective upside.
NASD Summary
The NSI rose 0.18%, pushing market cap to ₦85 trillion, while trading volume surged 2,195.72%, suggesting renewed investor participation.
A 81% rise in value traded indicates increased investor confidence, with trade count also growing 33.33%, pointing to stronger market depth.
SDAIRLIQ (+9.09%), SDFOODCPT (+9.15%), and SDACORN (+7.69%) led gains, suggesting increased demand for specific stocks despite a relatively quiet trading session.
