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NGX ASI and market capitalisation declined by 1.60 percent and 1.24 percent respectively, as selling pressure weighed on equities during the week.
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Trading activity weakened sharply, with total turnover falling to 3.647 billion shares valued at ₦130.151 billion from 4.360 billion shares worth ₦210.331 billion the previous week.
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Market breadth turned decisively negative, with 80 decliners against just nine gainers, while the Financial Services Industry accounted for nearly 80 percent of total traded volume.
September 14, (THEWILL) – The Nigerian equities market opened the new trading week on a positive note, with the benchmark index and market capitalisation advancing despite a broader decline in individual stocks.
The All-Share Index (ASI) rose by 246.50 points from its opening level of 243,052.74 to close at 243,299.24, representing a gain of 0.10 percent. Similarly, market capitalisation increased by ₦160 billion, from ₦157.587 trillion to ₦157.747 trillion.
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However, market breadth remained negative, with 21 gainers against 29 decliners, indicating cautious investor sentiment despite the overall market advance.
Top Gainers
ROYALEX gained 10.00 percent (₦0.90 to ₦0.99).
NGXGROUP gained 10.00 percent (₦148.00 to ₦162.80).
RTBRISCOE advanced 9.88 percent (₦8.10 to ₦8.90).
NSLTECH rose 7.69 percent (₦0.65 to ₦0.70).
PRESTIGE appreciated 7.19 percent (₦1.39 to ₦1.49).
Top Decliners
JOHNHOLT fell by 10.00 percent (₦9.00 to ₦8.10).
DAARCOMM declined by 9.80 percent (₦1.53 to ₦1.38).
ELLAHLAKES shed 9.80 percent (₦10.20 to ₦9.20).
REGALINS dropped by 8.97 percent (₦0.78 to ₦0.71).
LEARNAFRCA slipped 8.67 percent (₦9.00 to ₦7.90).
MTN Nigeria Communications, Dangote Cement, Seplat Energy, Julius Berger Nigeria, Vitafoam Nigeria and Unity Bank were among the stocks that closed flat for the day.
The session reflected a mixed trading picture, with the benchmark index and market capitalisation posting modest gains while declining stocks outnumbered gainers, pointing to continued selective buying and cautious positioning by investors.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
