Lagos, March 14, 2025 (Naija247news) – Nigeria’s equity market experienced a modest downturn on Friday as key performance indices dipped by 0.25%. Data from the Nigerian Exchange Ltd. (NGX) revealed that market capitalisation fell by N167 billion – a 0.25% drop – to N66.351 trillion compared to Thursday’s closing figure of N66.518 trillion.
Thank you for reading this post, don't forget to subscribe!The All-Share Index also recorded a decline of 265.81 points, closing at 105,955.13, down from 106,220.94 on the previous day. The market breadth ended in negative territory with 24 stocks losing ground and 22 registering gains, reflecting a mixed trading session.
Among the notable losers, Tantalizer’s shares tumbled by 9.85% to close at N2.93, while Jaiz Bank dropped by 9.72%, finishing at N3.25 per share. Neimeth International Pharmaceutical fell by 9.45% to N2.49, and Dangote Sugar saw a 7.76% decline to N35.05 per share. Lasaco Assurance also ended the day lower, with a 5.96% loss, closing at N2.68 per share.
On the upside, Royal Exchange emerged as the top gainer, surging by 10% to close at 88,000. Linkage Assurance’s stock climbed by 9.57%, finishing at N1.26 per share, while Guinea Insurance and Nigerian Enamelware gained 9.52% and 9.05%, closing at 69,000 and N25.30 per share respectively. Red Star Express also performed well, recording an 8.41% increase to finish at N5.80 per share.
Overall trading activity was robust, with a total of 750.56 million shares valued at N11.056 billion exchanged over 10,584 transactions. This compares to the previous session, which saw 341.70 million shares worth N16.655 billion traded across 11,233 transactions.
Champion Breweries led the activity chart with 350.37 million shares traded, valued at N1.401 billion. Tantalizer followed with 53.07 million shares worth N157.14 million, while Custodian Investment recorded 51.11 million shares traded for N1 billion. Lasaco Assurance and Access Corporation also featured prominently, with 36.501 million shares (valued at N97.714 million) and 30.703 million shares (worth N722.99 million) respectively.
Market analysts suggest that although the 0.25% decline is modest, the nearly balanced number of gainers and losers indicates ongoing volatility as investors remain cautious amid evolving economic conditions. The mixed performance underscores the dynamic nature of the Nigerian equity market, as traders continue to navigate both domestic and global influences.
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