NGX Roundup: Sentiment bearish removing the N208BN from the Equity Market in four days

Bearish sentiment survives in the equity market, removing the N208 billion from the market capitalization in the Nigerian Xchange Group (NGX) in the new trading Sunday.

Ripples Nigeria reported that investors recorded N440 billion losses in the previous week.

In the new trading Sunday, the equity market opened for four days, getting two and lost in two trading sessions while suffering a loss of N208 billion in the process.

Market capitalization declined to N65,499 trillion from N65,707 trillion the previous week.

Likewise, the all-share index (ASI) depreciated 0.32% to close the week at 104,233.81 from 104,563.34 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, April 14, 2025, with a record of bearish because investors lost N21.19 billion at the end of the trade session.

The market was closed with profits on Tuesday, April 15, 2025, because investors rose N19.11 billion.

The equity market was closed on Wednesday, April 16, 2025, with losses because investors lost N444.99 billion.

The losing trend reversed on Thursday, April 17, 2025, because investors obtained N240.00 billion at the end of the trade session.

Also read: VFD, Abbey Mortgage Bank, Union Dicon Feeds Appears as the top stock to watch this week

Meanwhile, a total turnover of 1.525 billion shares worth N43.00 billion in 51,156 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 2.094 billion shares worth N52,967 billion which was exchanged last week in 64,612 agreements.

Financial services (measured by volume) leading an activity chart with 1.122 billion shares worth N24,015 billion traded in 28,818 agreements; Thus contributed 73.56% and 55.84% respectively for the total volume and value of the equity turnover.

The ICT industry was followed by 101,252 million shares worth N 4.819 billion in 2,541 agreements.

In the third place is the service industry, with a turnover of 99,776 million shares worth N1,230 billion in 3,063 agreements.

Trade in the top three equity, namely Access Holdings PLC, Fidelity Bank PLC and Universal Insurance PLC (measured by volume) contributed 448,105 million shares worth N6,730 billion in 6,481 agreements, contributing 29.39% and 15.65% for total volume of turnover and value.

Thirty -one (31) equity valued in prices for a week, higher than twenty -seven (27) equity in the previous week. Forty four (44) equity depreciated in price, lower than fifty -six (56) in the previous week, while seventy -two (72) equity remained unchanged, higher than sixty four (64) recorded in the previous week.

Abbey Mortgage Bank PLC recorded the biggest increase in stock prices in the percentage of getting 46.17% followed by Nigerian Brew PLC which increased its share price by 13.13% in the process.

Associated Bus Company PLC also increases its share price by 12.70%.

On the other hand, the Guaranty Trust Holding Company PLC recorded a decrease in the largest stock price based on the percentage, shed 13.24% followed by Zenith Bank PLC, which dropped 11.91% of its share price.

Daar Communications PLC also knocked out 11.11% of its share price.

By: Babajide Okeowo

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