In today’s session, the NGX gained 2.06%, supported by renewed buying interest in SEPLAT (+3.61%), NESTLE (+10.00%), and OKOMUOIL (+9.99%), which outweighed declines in GUINNESS (-9.99%), SKYAVN (-10.00%), and NB (-10.39%). Market capitalisation rose by N2.37 trillion, reinforcing positive sentiment.
Trading activity strengthened, with transaction value climbing 34.09% d/d. A total of 936.39 million shares worth N52.72 billion were exchanged across 50,068 deals. FIRSTHOLDCO led the volume chart with 106.34 million shares, while PRESCO topped the value chart with trades worth N7.93 billion.
Market breadth closed positive at 1.64x, as advancers (54) outpaced decliners (33). CORNERST (+10.00%) led the gainers, while SKYAVN (-10.00%) topped the losers’ table.
NGX Summary
The local bourse closed the week firmly in positive territory, with the All-Share Index (ASI) advancing 6.16% w/w to 182,313.08 points, after posting gains in all trading sessions.
Strong performances in MTNN (+14.32% w/w), SEPLAT (+13.98% w/w), and ZENITHBANK (+10.00% w/w) more than offset losses in ETI (-13.29% w/w), GUINNESS (-9.97% w/w), and CHAMPION (-7.30% w/w), sustaining bullish momentum. Consequently, year-to-date return improved to 17.16% (vs. 10.93% previously), while market capitalisation increased by N6.79 trillion w/w to N117.02 trillion.
NASD Summary
The NASD market extended its bullish momentum in today’s session, as the NASD Securities Index and market capitalisation advanced by 0.86% to close at 3,974.77 points and N2.38 trillion, respectively. This pushed the market’s week-to-date performance to a 7.73% gain.
Trading activity strengthened, with transaction volume increasing by 9.52%, while total traded value surged by 1,206.45%, reflecting improved investor participation.
On the performance table, SDLBICPLC (+9.09%) led the gainers, while SDGEFLUID (-10.00%) topped the decliners for the session.
