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Thank you for reading this post, don't forget to subscribe!Lagos, March 18, 2025 (Naija247news) — The Nigerian stock market continued its downward trend on Tuesday, with performance indices dipping by 0.40%.
The Nigerian Exchange Ltd. (NGX) market capitalization fell by N265 billion, or 0.40%, to N66.078 trillion, down from the N66.343 trillion recorded on Monday. The All-Share Index also declined by 423.48 points, or 0.40%, closing at 105,375.69, compared to 105,799.17 the previous day.
Despite the overall dip, the market breadth ended on a positive note, with 28 gainers and 22 losers.
Neimeth International Pharmaceuticals led the gainers, soaring by 10% to close at N2.97 per share. Northern Nigeria Flour Mills (NNFM) followed closely, gaining 9.99% to close at N79.80 per share. Custodian Investment Trust rose by 9.69%, ending at N21.50 per share, and Sunu Assurance increased by 7.99% to close at N5.00 per share. Guinea Insurance saw a 7.69% rise, closing at 70k per share.
On the flip side, Bua Cement experienced a significant decline of 10%, closing at N83.70 per share. Ellah Lakes dropped by 4.82% to close at N3.16 per share, while Regency Alliance Insurance fell by 4.41%, ending at 65k. Wema Bank declined by 4.19%, closing at N10.30 per share, and Omatek Ventures lost 2.99%, ending at 65k.
A total of 349.99 million shares worth N8.221 billion were traded across 11,230 transactions, compared to 477.51 million shares valued at N7.049 billion traded across 13,520 transactions the previous day.
Access Corporation led the trading volume with 36.757 million shares worth N847.29 million, followed by Universal Insurance with 30.097 million shares valued at N17.934 million. Fidelity Bank traded 28.896 million shares, valued at N488.84 million, while Jaiz Bank exchanged 22 million shares worth N70.127 million. Zenith Bank saw 19.563 million shares traded, valued at N929.982 million.
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