The equity market opens weeks with massive losses ₦ 65BN when the stock falls

Nigeria’s equity market began this week with massive losses because investors lost N658 billion on the trading floor of the Nigeria Xchange Group (NGX) on Monday, April 7, 2025.

This follows a decrease in stock prices such as Oando, Rtbrisscoe, and Cornert among others on the trading floor.

After five hours of trading in the capital market, the capitalization of equity declined to ₦ 65.488 trillion from ₦ 66.147 trillion recorded by the Exchange on Friday, April 4, 2025.

The Benchmark All-Share Index (ASI) decreased to 104,216.87 points from 105,511.89 points recorded on the previous trading day.

The extent of the negative market because 9 shares advanced and 50 shares declined, while 61 shares remained unchanged in 15,690 agreements.

VFDgroup, Total, and Guineea lead other growth with 10%, 9.61%, and 9.52%growth in the price closed at N62.70, N745.00 and N0.69 from N57.00, N679.70 and N0.63 per previous share.

Oando, Rtbrisscoe, and Cornert lead other prices with a decrease in 10% in stock prices to be closed at N37.80, N2.16 and N2.97 from N42.00, N2.40 and N3.30 per previous share.

In the volume index, FCMB led trade with 65 million shares in 478 agreements followed by Fidelitybk who were traded 42 million shares in 697 agreements.

GTCO is traded 34 million shares in 1, 075 offers.

In the value index, GTCO occupies flat as a stock traded by security worth N2.3 billion in 1,075 agreements followed by Zenithbank traded by equity worth N1.4 billion in 1, 120 offers.

Aradel traded shares worth N944 million in 509 agreements.

By: Babajide Okeowo

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