NGX Recovers Mildly as ASI Gains 0.05% Amid Weak Breadth

NGX – Listed Equities

The Nigerian equities market extended its bullish momentum across all four trading sessions of the week (excluding Tuesday’s public holiday), driven by sustained demand for BUACEMENT (+9.98%), VITAFOAM (+9.81%) MAYBAKER (+9.80%), IMG (+9.13%), CAP (+9.10%), NESTLE (+9.09%), NASCON (+5.0%), DANGCEM (+4.58%), and 36 others.

As such, the NGX All-Share Index closed at 131,585.66 points, gaining 1.00% for the day. Investors’ wealth grew by N823.50bn, bringing market capitalisation to N83.24trn, while the year-to-date (YTD) return increased to 27.84%.

The market sentiment closed bullish, with 44 gainers compared to 24 losers, as LEARNAFRCA  led the gainers’ list while REDSTAREX topped the losers’ list.

The total traded volume advanced by 180.57% to close at 3.35bn, valued at N62.39bn in 28,593 deals. FCMB closed with the highest volume with N1.31bn units traded, while FIDELITYBK

Volume and Value Contribution

FCMB was the most traded equity in terms of volume, contributing 39.12% of the total volume traded, while FIDELITYBK and ACCESSCORP followed with 34.39% and 3.40% of daily traded volume.

FIDELITYBK saw the highest traded value, with a 36.92% share of the total value contribution, while FCMB and ZENITHBANK followed closely.

Global Indices

The global indices performed positively at the end of the week, with Taiwan Taiwan Weighted leading the chart. For more updates on the Global scene.

African Indices

The prices in the African market are relatively favourable today. For the latest data and updates,

COMMODITIES MARKET

AFEX Indices

On Friday, the AFEX ACI was up 0.52% to close at N62.24 while AEI closed flat at N78.01.

AFEX Commodity Prices

At the AFEX Commodity Market on Friday, Paddy rice and Sorghum increased by 2.39% and 0.48% to close at N614.05 and N602.89 while Cashew fell 3.15% to close at N1936.95, respectively.

Global Commodity Prices

At the global commodity market, Gold and Silver rose 0.41% and 0.71% closing at US$3,354.28 and US$38.32.

Brent and WTI crude futures advanced 1.32% and 3.47% to close at US$70.44 and US$68.53, as of 2:32 PM GMT on Friday, as investors weighed new European Union sanctions against Russia

CURRENCY/ FX MARKET

Average BDC rates depreciated to N1,535/USD, while the NAFEM rate closed at N1,533.11/USD on Thursday. For updates on the Nigerian FX Market.

 

 

 

 

 

By Destiny Eseaga

I am a Journalist, PR, and Communication Strategist dedicated to shaping compelling narratives that drive growth and engagement. As the Founder and Convener of the Techeconomy Business Series, my mission is to create a dynamic platform where business leaders, policymakers, and innovators connect to discuss, dissect, and influence the future of technology, entrepreneurship, and the broader economy. My expertise lies in fusing incisive journalistic insights with strategic communication planning to elevate brands and individuals. I specialize in crafting powerful public relations campaigns that ensure visibility, credibility, and sustained positive impact across diverse media landscapes.

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