March 6, 2025
Investors at the Nigerian stock exchange gained about N216 billion on Thursday as the market recovered from sell pressures that held down market capitalization, and other key metrics. The local stock snapped its recent losing streaks as investors re-entered positions where they had previously exited.
Data from the local stock exchange market revealed that key market performance indicators rose by 0.32%, with year-to-date returns advancing after successive downward trends.
The market saw bargain hunting in some recently depreciated medium- and large-cap stocks. These include interest in TRANSCORP, AFRIPRUD, GUINNESS, and others, driving market recovery and the overall sentiment improvement.
Consequently, the All-Share Index, rose by 344.24 basis points on Thursday, representing an increase of +0.32% to close at 106,780.72. while total volume of trade stood at 3.55% and total value traded decreased by 9.94%
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Atlass Portfolios Limited In its note, told investors that approximately 375.73 million units valued at ₦10,185.36 million were transacted across 11,447 deals.
In terms of volume, GTCO led the activity chart, accounting for 13.30% of the total volume executed in the equities market, followed by Accesscorp, 11.68%, Zenith bank, 9.73%, Fidelity bank, 7.22%, and UBA, 5.18%, rounding out the top five.
GTCO emerged as the most traded stock in value terms, accounting for 28.62% of the total value of all transactions conducted on the exchange. Transcorp topped the advancers’ chart with a price appreciation of 9.98 percent, trailed by SCOA at +9.88%, AFRIPRUD, +9.87%, Tantalizers, +9.72%, CAVERTON, +9.52%, SMURFIT, +9.09%, and twenty-nine others.
In the market, fifteen stocks depreciated. SUNUASSUR, MRS and REDSTAREX were the top losers, with a price depreciation of -10.00% each. Other losers were LASACO, -7.99%, STANBIC, -6.25%, CONHALLPLC, -3.65%, CHAMS, -2.44% and ACCESSCORP, -0.21%.
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Given the trading pattern, the market breadth closed largely positive, recording 36 gainers and 15 losers. Also, the market sectoral performance was positive, as four of the five major market sectors ended on a positive note.
The banking sector advanced by 0.83%, followed by the consumer goods sector, which climbed by 0.78%, the insurance sector edged higher by 0.18%, and the insurance sector rose by 0.01%. The Oil & Gas sector dropped by 0.09%.
Overall, the stock market capitalisation gained ₦215.57 billion, representing a growth of +0.32%, to close at ₦66.87 trillion.
