Written by Springnewsng Media Limited
March 21, 2025

The Nigerian Exchange (NGX) recorded a marginal decline in market capitalisation on Thursday as the All-Share Index (ASI) dipped by 0.05 per cent, reflecting weaker investor confidence. The total market capitalisation fell to N65.8tn, following a significant drop in trading activity.

A total of 310.5 million shares valued at N6.24bn were exchanged in 10,182 deals, marking a sharp 77 per cent decline in trade volume, a 50 per cent drop in turnover, and a 15 per cent decrease in the number of deals compared to the previous session on Wednesday, March 19, 2025.

Gainers and Losers

Despite the bearish trend, 14 stocks posted gains, while 28 equities closed in the red.

• Top gainers:
  • Computer Warehouse Group (+9.64%) closed at N9.10
  • Veritas Kapital Assurance (+8.41%) closed at N1.16
  • Deap Capital Management & Trust (+7.61%) closed at N0.99
  • Wapic Insurance (+4.26%) closed at N2.45
• Top losers:
  • Livestock Feeds (-9.57%) closed at N7.65
  • Royal Exchange (-8.24%) closed at N0.78
  • Custodian & Allied (-6.98%) closed at N20.00
  • UPDC (-6.23%) closed at N2.86
  • Chams Plc (-5.16%) closed at N2.02
  • Ellah Lakes Plc (-4.46%) closed at N3.00

Most Traded Stocks

• Fidelity Bank led the activity chart with 40 million shares traded.
• Veritas Kapital Assurance followed with 37.2 million shares.
• Nigerian Breweries and Zenith Bank traded 27 million and 22.9 million shares, respectively.

Sectoral Performance

Market indices recorded mixed performances:

• Top 30 Index: -0.02% (one-week decline: -1.16%, YTD: +2.04%)
• Consumer Goods Index: +0.39% (weekly decline: -1.01%, YTD: +4.53%)
• Insurance Index: +0.13% (weekly decline: -1.9%, YTD: -4.04%)
• Main Board Index: +0.02% (weekly drop: -1.37%, YTD: +0.73%)
• Industrial Index: Unchanged (weekly decline: -3.42%, YTD: -2.31%)
• Oil & Gas Index: Unchanged (weekly decline: -1.75%, YTD: -8.27%)

The Nigerian Exchange has been on a losing streak, shedding N289bn in market value on Wednesday as bearish sentiments persisted for the third consecutive session, according to Springsnewsng Media Limited.