Nigerian Exchange Limited

Investors Lose N284bn as Stock Market Declines by 0.44%

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Nigeria’s equities market suffered a N284 billion loss on Tuesday as the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) fell by 0.44%.

The market downturn was driven by major sell-offs in MRS, Red Star Express, Learn Africa, and Veritas Kapital.

Investors who moved to take profit on these stocks caused the market to defy analysts’ expectations after a positive start to the week.

Despite the decline, the market has recorded a 1% gain so far in 2025 and had risen by 0.35% this week before the Tuesday setback.

“We expect investors to keep a close eye on corporate earnings releases for guidance on the market, as we anticipate another round of bullish trading in the market with the banks leading the way,” analysts at Vetiva Research noted ahead of Tuesday’s trading session.

MRS lost N18 or 9.95% from N180.90 a unit to N162.90 a unit. Red Star Express followed closely with a decline of 50 kobo or 9.90% from N5.05 per share to N4.55 per share while Learn Africa shed 49 kobo or 9.82% from N4.99 to N4.50.

Trading activity remained positive as 542,229,692 shares worth N13.64 billion were exchanged in 15,561 deals during the trading session.

Access Holdings, Sterling Bank, Zenith Bank, UBA, and FCMB Group were among the most traded stocks.

At the close of trading, the NGX All-Share Index dropped from 104,418.94 points to 103,958.75 points while the equities market capitalisation declined from N64.44 trillion to N64.16 trillion.

While the market recorded a negative close, analysts believe corporate earnings reports will play a key role in shaping investor sentiment in the coming weeks with expectations that the banking sector could lead the next wave of bullish activity.

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