After a series of positive trading sessions earlier this week, the market succumbed to investor sell-off pressure, closing the day in the red on Wednesday, March 26, 2025, as investors recorded a loss of N74 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a dip in the share prices of stocks like MBENEFIT, ROYALEX, and NEM amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to ₦66.141 trillion from ₦66.215 trillion which the bourse recorded on Tuesday, March 25, 2025.
The benchmark All-Share Index (ASI) decreased to 105,475.38 points from 105,593.28 points which were recorded the previous trading day.
The market breadth was positive as 30 stocks advanced and 18 stocks declined, while 72 stocks remained unchanged in 10,908 deals.
MBENEFIT, ROYALEX, NEM led other gainers with 10%, 9.88% and 9.84% growth each in prices to close at N0.88, N0.89 and N13.40 from the previous N0.80, N0.81 and N12.20 per share.
UHOMREIT, ABCTRANS, and UNIVINSURE led other price decliners with 9.93%, 9.80% and 8.83% decline each in share prices to close at N51.25, N1.38 and N0.55 from the previous N56.90, N1.53 and N0.60 per share.
On the volume index, SOVRENINS led trading with 607 million shares in 48 deals followed by CUTIX which traded 358 million shares in 96 deals.
FIDELITYBK traded 61 million shares in 505 deals.
On the value index, SEPLAT topped as the security traded stock worth N3.5 billion in 46 deals followed by FIDELITYBK which traded equities worth N1.1 billion in 505 deals.
ZENITHBANK traded shares valued at N1 billion in 706 deals.
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