Ogasabi on 9am news brings you the latest Breaking news on the BDC rate and the Nigerian equities market which has continued its upward momentum for the third consecutive session. The market’s positive trajectory is driven by notable price increases in stocks such as ZENITH (+2.20%), JBERGER (+10.00%), UCAP (+10.00%), OANDO (+9.88%), UBA (+7.98%), MTNN (+0.90%), TRANSCORP (+4.20%), and 31 other equities.
As a result, the All-Share Index (ASI) rose by 0.48%, closing at 98,592.12 points. This follows a 1.05% gain recorded on Wednesday when the ASI stood at 98,116.27 points. Consequently, investors gained N270.31 billion, with market capitalization increasing to N55.98 trillion. The year-to-date return has also risen to 31.85%, indicating sustained market confidence.
The Market Breadth Index (MBI), a key indicator of investor sentiment, closed positively at 0.33x, with 38 gainers against 18 losers, while 61 equities remained unchanged. ABCTRANS topped the gainers’ list, while UNIONDICON led the losers.
Despite the positive trend, the total volume traded declined by 39.70%, closing at 477.44 million shares valued at N8.17 billion, traded in 9,529 deals. VERITASKAP emerged as the most traded stock by volume, with 103.24 million units traded, while OANDO was the most traded by value, worth N2.13 billion.
In the index segment, the Gote index slightly dropped by 0.01% to 309.13 points. The Toni index advanced by 1.77% to 1,254.31 points, while the Samad index remained flat at 349.25 points.
Volume and Value Contribution
9am news Nigeria highlights that VERITASKAP led the volume contribution, accounting for 13.04%, while OANDO and UBA followed closely. On the value chart, OANDO made the most significant contribution, with a 14.06% share, followed by ZENITHBANK and GTCO.
No new financial statements were released on the NGX website today. For more detailed analysis of NGX-listed equities, stay tuned to Ogasabi on 9am news.
On the NASD OTC Exchange, the market closed negatively as the NASD Securities Index (NSI) fell by 0.33% to 1,456.53 points. The total volume traded decreased by 11.99%, closing at N2.87 million units valued at N1.23 billion, traded in 64 deals.
Looking at the global scene, indices closed the week on a positive note, with the USA Dow Jones Index Avg. leading the chart. For the latest global indices updates, keep following Breaking news on 9am news Nigeria.
In the commodities market, the AFEX Commodity Market remained mostly unchanged, with the exception of Cashew, which declined by 5.32%, closing at N1,245. Eko Gold at the Lagos Commodities and Futures Exchange (LCFE) closed flat today at N88,500.00 per gram. Globally, as of 2:15 PM GMT, Gold increased by 0.12%, while Silver declined by -0.25%. Brent and WTI saw slight declines of -0.30% and -0.22%, respectively.
In the currency/FX market, the NAFEX rate appreciated by 0.21%, moving from N1,593.38/USD to N1,589.99/USD, while the BDC rate also appreciated by 0.19%, from N1,593/USD to N1,590/USD.
Stay connected to Ogasabi on 9am news for all your latest updates on equities, commodities, and the FX market. Breaking news and 9am news Nigeria have you covered with the most recent developments.
