March 13, 2025

Market Wrap 13 March 2025

Market Wrap 13 March 2025

The NGXASI inched higher today, up by 0.12% to close at 106,220.94 points, as strength in INTBREW (+9.62%), NB (+3.23%), ZENITH (+0.52%), NGXGROUP (+6.14%), OANDO (+0.57%), and JAIZ (+2.56%) helped offset losses in GTCO (-1.79%), DANGSUGAR (-2.06%), ACCESSCORP (-1.05%), UBA (-0.68%), and ETI (-1.36%).

Market turnover stood at N16.7 billion ($10.9 million), with activity largely dominated by fragmented trades in GEREGU, where shares worth N7.8 billion were exchanged. Additional interest was seen in ARADEL, GTCO, ZENITHBANK, and ACCESSCORP. Year to date, the index is up by +3.20%. Given the current market tone, we expect a measured approach from investors in the next session.