Newscenter Media News The Nigerian equities market continued its bearish note on Tuesday, February 25, 2025, as investors lost ₦215 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a dip in the share prices of stocks like HONYFLOUR, MORISON, and UPL amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to ₦67.168 trillion from ₦67.383 trillion which the bourse recorded on Monday, February 24, 2025.
The benchmark All-Share Index (ASI) decreased to 107,781.61 points from 108,126.97 points which were recorded the previous trading day.
The market breadth was negative as 12 stocks advanced and 48 stocks declined, while 65 stocks remained unchanged in13,753 deals.
SMURFIT, NGXGROUP, REDSTAREX led other gainers with 10%, 9.97% and 9.57% growth each in prices to close at N0.33, N32.00 and N7.33 from the previous N0.30, N29.10 and N6.69 per share.
HONYFLOUR, MORISON, and UPL led other price decliners with 10%, 9.97%, and 9.90% decline each in share prices to close at N11.25, N3.25 and N4.55 from the previous N12.50, N3.61 and N5.05 per share.
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On the volume index, ACCESSCORP led trading with 36 million shares in 568 deals followed by JAIZBANK which traded 23 million shares in 225 deals.
ZENITHBANK traded 18 million shares in 765 deals.
On the value index, ARADEL topped as the security traded stock worth N1.5 billion in 541 deals followed by GUINNESS which traded equities worth N1.1 billion in 42 deals.
ACCESSCORP traded shares valued at N945 million in 568 deals.
By Babajide Okeowo
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