.svg){kind=logo}
4 days ago
16
- The week was not a bully 1 arsenic Nigeria's banal marketplace investors witnessed staggering losses amounting to implicit N400 billion
- The losses were triggered by profit-taking successful banking and security stocks sustained each the week by investors
- Access Holdings Plc, Zenith Bank Plc, Cutix Plc, Guaranty Trust Holding Company Plc, and Fidelity Bank Plc ended the week arsenic the astir traded stocks
Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
Nigerian banal marketplace investors request the week connected a antagonistic note, pursuing sustained nett taking successful banking and security stocks.
Data from the Nigerian Exchange Limited (NGX) showed that the All-Share Index (ASI) declined by 0.90% connected Friday, April 11, falling to 104,563.34 points from the erstwhile week’s 105,511.89.
Source: Getty Images
Similarly, the equities market capitalisation dropped to N65.706 trillion from N66.147 trillion, reflecting N441 billion.
Summary of week's activities
During the week, the marketplace recorded 3 days of antagonistic closes and conscionable 2 days of gains arsenic muted involvement from organization investors weighed heavy connected marketplace momentum, peculiarly successful the fiscal services sector.
The NGX Insurance Index led the play sectoral losers, shedding 4.57%, followed by the NGX Banking Index, which declined by 2.20%.
Other indices besides closed lower: the NGX Consumer Goods Index dropped 0.61%, the NGX Oil & Gas Index fell by 0.50%, and the NGX Industrial Index dipped 0.26%, BusinessDay reports.
Source: Getty Images
Snapshot of marketplace activities connected Friday
Overall marketplace sentiment was influenced by flows into dividend-paying stocks arsenic investors positioned up of upcoming qualification dates.
Top gainers
- Caverton Offshore Support Group gained N0.23 (9.96%), rising from N2.31 to N2.54.
- VFD Group Plc added N7.90 (9.90%), expanding from N79.80 to N87.70.
- Abbey Mortgage Bank Plc roseate by N0.55 (9.86%), climbing from N5.58 to N6.13.
- FTN Cocoa Processors Plc gained N0.17 (9.83%), moving from N1.73 to N1.90.
- Regency Alliance Insurance Plc accrued by N0.05 (9.43%), from N0.53 to N0.58.
Top losers:
- DEAP Capital Management & Trust Plc declined by N0.10 (-9.71%), falling from N1.03 to N0.93.
- Royal Exchange Plc mislaid N0.08 (-9.09%), dropping from N0.88 to N0.80.
- Sovereign Trust Insurance Plc decreased by N0.07 (-7.61%), from N0.92 to N0.85.
- Guinea Insurance Plc fell by N0.05 (-7.35%), from N0.68 to N0.63.
- Oando Plc dropped N2.30 (-5.57%), from N41.30 to N39.00.
Most traded stocks (by measurement and value):
- Access Holdings Plc led trading with 73.22 cardinal shares, valued astatine N1.51 billion.
- Zenith Bank Plc recorded 33.35 cardinal shares, worthy N1.65 billion.
- Cutix Plc traded 29.66 cardinal shares, amounting to N63.01 million.
- Guaranty Trust Holding Company Plc exchanged 25.68 cardinal shares, valued astatine N1.73 billion.
- Fidelity Bank Plc saw 19.65 cardinal shares traded, worthy N374.16 million.
N18 cardinal investments connected the line
Ealier, Legit.ng reported that the Nigerian banal marketplace has present seen the erosion of astir N18 cardinal worthy of shareholders' funds, with the caller regulatory cleanup from the Nigerian Exchange Limited (NGX).
The NGX delisted 3 companies – Capital Oil Plc, Goldlink Insurance Plc, and Medview Airline Plc, implicit repeated regulatory infractions.
The connection from the NGX was signed by Godstime Iwenekhai, Head, Issuer Regulation Department, and dated April 3, 2025.
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
)
English (US) ·