Newscenter Media News The Nigerian equities market took a further dent during the just-concluded trading week as investors lost N476 billion on the trading floor of the Nigerian Xchange (NGX).
Ripples Nigeria reports that investors recorded a loss of N421 billion the previous week.
In the current week, the equities market gained in only one of the five trading days and incurred a loss of N476 billion in the process.
The market capitalization decreased to N66.717 trillion from N67.193 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) depreciated by 1.19% to close the week at 106,538.60 points from 107,821.39 points recorded the previous week.
The Nigerian equities market began the week on Monday, March 3, 2025, on a bearish note as investors lost N94.61 billion at the end of the trading session.
The market also closed with a loss on Tuesday, March 4, 2025, as investors lost N344.95 billion.
The bears continued to ravage the market on Wednesday, March 5, 2025, as investors lost a paltry N273.66bn.
The bulls returned to the market on Thursday, March 6, 2025, as investors gained N215.57 billion at the end of the trading session.
The market closed the week on Friday, March 7, 2025, with a loss as investors lost N151.62 billion.
READ ALSO: NGX: Caverton, Eterna among top losers as equities market sheds N290bn
Meanwhile, 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.
In the 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.
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.
Tantalizers Plc recorded the biggest share price increase in percentage gaining 36.32% followed by UH Real Estate Investment Trust which increased its share price by 28.59% in the process.
Livestock Feeds Plc also increased its share price by 12.38%.
On the flip side, Eterna Plc recorded the biggest decline in share prices by percentage shedding 18.69% followed by Transnational Corporation Plc which shed 17.52% of its share prices.
FCMB Group Plc also knocked off 14.15% of its share prices.
By: Babajide Okeowo
The post NGX Roundup: Equities market takes further dent as investors lose N476bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.