Newscenter Media News The Nigerian equities market began the week in the red zone on Monday, February 24, 2025, as investors lost ₦230 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a dip in the share prices of stocks like INNFM, EUNISELL, and SOVRENINS amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to ₦67.383 trillion from ₦67.614 trillion which the bourse recorded on Friday, February 21, 2025.
The benchmark All-Share Index (ASI) decreased to 108,126.97 points from 108,497.40 points which were recorded the previous trading day.
The market breadth was negative as 17 stocks advanced and 37 stocks declined, while 68 stocks remained unchanged in 15,914 deals.
IKEJAHOTEL, UHOMREIT, PZ led other gainers with 10%, 9.97% and 9.26% growth each in prices to close at N12.10, N40.25 and N29.50 from the previous N11.00, N36.60 and N27.00 per share.
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NNFM, EUNISELL, and SOVRENINS led other price decliners with 9.99%, 9.96%, and 9.09% decline each in share prices to close at N72.55, N10.85 and N1.20 from the previous N80.60, N12.05 and N1.32 per share.
On the volume index, JAIZBANK led trading with 48 million shares in 372 deals followed by ZENITHBANK which traded 28 million shares in 807 deals.
UNIVINSURE traded 18 million shares in 524 deals.
On the value index, ZENITHBANK topped as the security traded stock worth N1.3 billion in 807 deals followed by GTCO which traded equities worth N1.1 billion in 663 deals.
ARADEL traded shares valued at N844 million in 551 deals.
By: Babajide Okeowo
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