Sentiment bearish returns to the equity market because investors lose N119BN

Sentiment bearish returned to the Nigerian equity market because investors lost N119 billion on the trading floor of the Nigeria Group Xchange (NGX) on Wednesday, April 9, 2025.

This follows the surge in stock prices such as Learnafrca, HMCall, and Eti among others on the trading floor.

After five hours of trading in the capital market, the capitalization of equity declined to ₦ 65,470 trillion from ₦ 65,589 trillion recorded by the exchange on Tuesday, April 8, 2025.

The Benchmark All-Share Index (ASI) decreased to 104,187.00 points from 104,376.73 points recorded on the previous trading day.

The extent of the positive market because 31 shares advanced and 23 shares declined, while 67 shares remained unchanged in 11,576 agreements.

VFDGroup, livestock and NGXgroup leads other growths with 10%, 10%, and 9.86%growth in prices closed at N72.60, N8.03 and N35.65 from N66.00, N7.30 and N32.45 per previous share.

Also read: NGX: The Equity Market Ends the Week with N8.38BN Losses

Learnafrca, HMCall, and ETI led other price declines with a decrease in 10%, 10% and 9.90% respectively in stock prices to be closed on N2.97, N5.22 and N26.85 from N3.30, N5.80 and N29.80 per previous share.

On the volume index, GTCO led trade with 62 million shares in 786 transactions followed by accesscorp traded 51 million shares in 729 offers.

Zenithbank trades 32 million shares in 790 agreements.

In the value index, GTCO took the peak of stock security traded worth N4 billion in 786 agreements followed by Zenithbank who were traded by equity worth N1.5 billion in 790 agreements.

MTNN traded shares worth N1.1 billion in 374 agreements.

By: Babajide Okeowo

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