Newscenter Media News The Nigerian equities market ended the week in the red zone on Friday, February 21, 2025, as investors lost ₦44 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a dip in the share prices of stocks like IKEJAHOTEL, ACADEMY, and ROYALEX amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to ₦67.614 trillion from ₦67.659 trillion which the bourse recorded on Thursday, February 20, 2025.
The benchmark All-Share Index (ASI) decreased to 108,497.40 points from 108,568.50 points which were recorded the previous trading day.
The market breadth was negative as 25 stocks advanced and 31 stocks declined, while 62 stocks remained unchanged in 13,345 deals.
CHAMPION, DANGSUGAR, OMATEK led other gainers with 9.87%, 8.95% and 8.00% growth each in prices to close at N4.12, N41.40 and N0.81 from the previous N3.75, N38.00 and N0.75 per share.
READ ALSO: Equities market recovers from recent slump, investors gain ₦504bn
IKEJAHOTEL, ACADEMY, and ROYALEX led other price decliners with 7.56%, 7.33%, and 5.62% decline each in share prices to close at N11.00, N2.78 and N0.84 from the previous N11.90, N3.00 and N0.89 per share.
On the volume index, ELLAHLAKES led trading with 40 million shares in 161 deals followed by FIDELITYBK which traded 21 million shares in 549 deals.
ZENITHBANK traded 20 million shares in 663 deals.
On the value index, ARADEL topped as the security traded stock worth N1.1 billion in 466 deals followed by ZENITHBANK which traded equities worth N990 million in 663 deals.
UBA traded shares valued at N741 million in 471 deals.
By: Babajide Okeowo
The post Equities market closes week in red as investors lose N44bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.