NGX: The equity market starts on Sunday with N296.61BN losses for investors

The equity market began this week with the loss of N296.61 billion for investors on Monday, May 12, 2025.

This follows a decrease in stock prices such as E-Tranzact International (Etranzact), John Holt PLC (Johnholt) and Union Dicon Salt (Uniondicon), among others, on the trading floor.

The Benchmark All-Share Index (ASI) decreased to 108,261.47 points from 108,733.40 points recorded on the previous trading day.

After five hours of trading in the capital market, the capitalization of equity declined to the N68,004 trillion from ₦₦ 68.339 trillion recorded by the exchange on Friday, May 9, 2025.

The extent of the positive market due to 39 advanced shares, 26 shares declined, and 53 shares remain unchanged in 16,664 agreements.

Also Read: Nigeria Stock Market Recovering Because Investors Get N240BN

Multiverse Mining & Exploration (Multiverse), Smart Products Nigeria (Smurfit) and Meyer PLC (Meyer) lead other gainers with growth of 10% in the price closed at N11.00, N0.55 and N8.80 from N10.00, N0.50 and N8.00 per previous stock.

E-Tranzact International (Etranzact), John Holt PLC (Johnholt) and Union Dicon Salt (Uniondicon) leads other prices with 10%, 9.48% and 9.47% decreased each in the stock price to be closed at N5.40, N5.25 and N7.65 from N6.00 before, N5.80 and N8.4.4.4.4.4.4.4.4.4.40 per broadcast. and N7.65 from N6.00, N5.80 and N8.4.4.4.

On the volume index, Tantalizers PLC (Tantalizer led trading with 49 million shares in 144 agreements, followed by VFD Group PLC (VFDGroup) traded 48 million shares in 261 agreements.

Access Holdings PLC (Accesscorp) traded 29 million shares in 886 offers.

In the value index, MTN Nigeria (MTNN) appeared as the top stock traded, gathering N4.3 billion in 715 offers, followed by Zenith Bank PLC (Zenithbank) who traded equity worth N1.1 billion in 840 agreements.

VFD Group PLC (VFDGroup) traded shares worth N782 million in 261 agreements.

By: Babajide Okeowo

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