NGX Roundup: Investors lost N110BN in the trading week that were driven by holidays

Investors in the Nigerian equity market lost the N110 billion during the new trading Sunday at the Nigeria Xchange (NGX).

The market was opened for three days this week’s trading because the Federal Nigerian government stated Monday March 31 and Tuesday 1 April 2025 as a public holiday to commemorate the 2025 EID El Fitr celebration.

Ripples Nigeria reported that investors recorded N437 billion profit in the previous week.

On the current week, the equity market only obtained one of three trade sessions and lost N110 billion in the process.

Market capitalization declined to N66,147 trillion from N66,257 trillion recorded in the previous week.

Likewise, the all-Share (ASI) index depreciated by 0.14% to close the week with 105,511.89 points from 104,962.96 points recorded the previous week.

Nigeria’s equity market began Sunday on Wednesday, April 2, 2025, with losses because investors lost N90.70 billion.

The losing trend was reversed on Thursday, April 3, 2025, because investors received N10.90 billion at the end of the trading session.

The market closed the week on Friday, April 4, 2025, with losses due to investors reduced N8.38 billion.

Also Read: Mutual Benefits, Sunu Guarantee, Royal Exchange Top Stocks To Watch This Week

Meanwhile, a total Turnover of 1.183 billion shares worth N28,868 billion in 42,397 agreements traded this week by investors on the exchange floor, in contrast to a total of 7,521 billion shares worth N398,949 billion who exchanged hands last week at 61,311 guidelines.

Financial services (measured by volume) leading the activity chart with 906,590 million shares worth N18,926 billion traded in 22,876 offers; Thus contributing 76.60% and 65.56% for the total volume and value of each equity turnover.

The consumer goods industry was followed by 71,059 million shares worth N 2.224 billion in 3,394 offers.

In the third place is the service industry, with a turnover of 47,305 million shares worth N396,897 million in 2,132 agreements. Trading in the top three equity namely Fidelity Bank PLC, Zenith Bank PLC and Universal Insurance PLC, (measured by volume) contributed 264,627 million shares worth N5,932 billion in 5,714 agreements, contributed 22.36% and 20.55% to total turnover volume and value.

Twenty -three (23) equity is valued in prices for a week, lower than forty -three (43) equity in the previous week. Fifty one (51) equity depreciated in price, higher than thirty -six (36) in the previous week, while seventy -three (73) equity remained unchanged, higher than seventy one (71) recorded in the previous week.

VFD Group PLC recorded the largest increase in stock prices in a percentage that rose 20.76% followed by Union Dicon Salt PLC which increased its share price by 19.59% in the process.

Africa Prudential PLC also increased its share price by 15.71%.

On the other hand, UACN PLC recorded a decrease in the largest stock price with a percentage of an uproar of 18.31% followed by Sunu Assurances Nigeria PLC which reduced 13.38% of its share price.

Universal Insurance PLC also knocked down 13.33% of its share price.

By: Babajide Okeowo

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