Stock market investors lose N476bn in one week
Nigerian Exchange Group NGX
Nike Popoola
Stock market investors lost N476bn at the close of trading on Friday March, 7, 2025.
The NGX All-Share Index and Market Capitalization depreciated by 1.19% and 0.71% to close the week at 106,538.60 and N66.717 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX AseM and NGX Commodity which appreciated by 0.04% and 0.19% respectively.
Thirty (30) equities appreciated in price during the week, higher than twenty-seven (27) equities in the previous week. Fifty-eight (58) equities depreciated in price, lower than sixty(60) in the previous week, while sixty-two (62) equities remained unchanged, lower than sixty-three (63) recorded in the previous week.
Figures obtained by Dailyeconomy from the NGX revealed that a total turnover of 1.818 billion shares worth N47.226 billion in 64,222 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.848 billion shares valued at N51.387 billion that exchanged hands last week in 63,090 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.260 billion shares valued at N27.817 billion traded in 29,800 deals; thus contributing 69.31% and 58.90% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 123.336 million shares worth N3.069 billion in 7,793 deals. Third place was the Services Industry, with a turnover of 118.931 million shares worth N832.602 million in 3,730 deals.
Trading in the top three equities namely Zenith Bank Plc, Fidelity Bank Plc and Access Holdings Plc (measured by volume) accounted for 451.558 million shares worth N13.583 billion in 10,055 deals, contributing 24.84% and 28.76% to the total equity turnover volume and value respectively.
