NGX Roundup: Investors lose N440BN in one week

Investors in the Nigerian equity market lost the N440 billion during the new trading week which had just been closed at Nigeria Xchange (NGX).

Ripples Nigeria reported that the investor recorded the previous N110 billion profit.

In the new trading Sunday, the equity market only obtained two of the five trading sessions and lost the N440 billion in the process.

Market capitalization declined to N65,707 trillion from N66,147 trillion recorded in the previous week.

Likewise, the all-share index (ASI) depreciated 0.90% to close the week with 104,563.34 points from 105,511.89 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, April 7, 2025, with a record of bearish because investors lost N658 billion at the end of the trade session.

The market was closed with profits on Tuesday, April 8, 2025, because investors obtained N100.45 billion.

The equity market was closed on Wednesday, April 9, 2025, with losses because investors lost N119.22 billion.

The losing trend reversed on Thursday, April 10, 2025, because investors received N381.90 billion at the end of the trade session.

The market closed the week on Friday, April 4, 2025, with losses because investors reduce N145.41 billion.

Also read: Naira Trades N1, 603/$ 1 in the official window

Meanwhile, a total turnover of 2,094 billion shares worth N52,967 billion in 64,612 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 1.183 billion shares worth N28,868 billion who exchanged hands last week at 42,397 agreements.

Financial services (measured by volume) leading the activity chart with 1.539 billion shares worth N36,353 billion traded in 36,013 agreements; Thus contributed 73.49% and 68.63% for the total volume and value of each equity turnover.

The agricultural industry was followed by 98,884 million shares worth N 1.344 billion in 2,772 agreements.

In the third place is the service industry, with a turnover of 93,000 million shares worth N522,147 million in 3,012 offers.

Trading in the top three equity, namely Access Holdings PLC, Guaranty Trust Holding Company PLC and Zenith Bank PLC (measured by volume) contributed 629,327 million shares worth N25,820 billion in 12,742 offers, contributed 30.06% and 48.75% for total volume volume and total value.

Twenty seven (27) equity is valued in prices for a week, higher than twenty -three (23) equity in the previous week. Fifty -six (56) equity depreciated in price, higher than fifty -one (51) in the previous week, while sixty four (64) equity remained unchanged, lower than seventy -three (73) recorded in the previous week.

VFD Group PLC recorded the largest increase in stock prices in the percentage which gained 53.86% followed by the Dicon Salt PLC union which increased its stock price by 31.03% in the process.

Abbey Mortgage Bank PLC also increased its share price by 29.60%.

On the other hand, the Royal Exchange PLC recorded a decrease in the largest stock price with a percentage of 20.79%, followed by Cornerstone Insurance PLC which reduced 15.15% of its share price.

Sovereign Trust Insurance PLC also knocked out 15.00% of its share price.

By: Babajide Okeowo

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