March 1, 2025
Nigerian Stock Exchange ended trading session for the week on a positive note on Friday, as key market performance indicators rose by 0.14% and Equities investors gained about N91 billion in the market as oil stocks rallied.
The day’s bullish performance was driven by renewed buying interest in some medium- and large-cap stocks, fueled by demand in OANDO, ARADEL, and others
As a result, the All-Share Index tipped by 145.93 basis points to close at 107,821.39. Stock market activities were up as the total volume rose by 8.23% and total value trades increased by 47.18%
Atlass Portfolios Limited, in a note, told investors that approximately 458.26 million units valued at ₦14,078.15 million were transacted across 12,213 deals.
In terms of volume, Zenith bank led the activity chart, accounting for 26.68% of the total volume of trades conducted in the market, followed by FCMB, 10.95%, Accesscorp, 6.25%, Fidelity bank, 4.34%, and Jaizbank, 3.83%, rounding out the top five.
Zenithbank emerged as the most traded stock in value terms, accounting for 41.71% of the total value of transactions conducted on the exchange.
READ MORE; CBN Touch Raises Naira Exchange Rates Inch Near Unification.
Austinlaz, topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by Oando, +9.94%, Caverton, +9.67%, Johnholt, +9.62%, PZ, +9.09%, Deapcap, +8.70% and twenty others.
According to data obtained from the local bourse, 34 stocks depreciated, while Redstarexpress was the top loser with a price depreciation of -9.96%. Other losers, include Multiverse, -9.72%, Cadbury, -9.62%, ETI, -3.18%, Dangotesugar, -2.44%, and FBNH, -1.68%.
The market breadth closed on the negative on Friday, recording 26 gainers and 34 losers. In spite of the Bull Run, the market sectoral performance was negative
READ MORE; CBN Touch Raises Naira Exchange Rates Inch Near Unification.
Three out of the five major market sectors went down, led by the consumer goods sector, which dropped by 0.41%.
While the banking sector fell by 0.16% and the insurance sector declined by 0.13%, the oil & gas sector grew by 1.74% and the industrial sector was flat.
Overall, market capitalisation increased by ₦90.95 billion to close at ₦67.19 trillion.
