It seems that the Nigerian equities market is still in the Eid-El-Fitri holiday mode as trading activities on the floor of the Nigeria Xchange Group (NGX) closed in the red on Wednesday, April 2, 2025, as investors lost N59bn.
This follows a dip in the share prices of stocks like UACN, UPL, and SUNUASSUR amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to ₦₦66.185 trillion from ₦66.245 trillion which the bourse recorded on Friday, March 28, 2025.
The benchmark All-Share Index (ASI) decreased to 105,547.16 points from 105,641.15 points which were recorded the previous trading day.
The market breadth was negative as 25 stocks advanced and 32 stocks declined, while 65 stocks remained unchanged in 17,082 deals.
UPDCREIT, AFRIPRUD, and VFDGROUP led other gainers with 10%, 9.96%, and 9.96% growth each in prices to close at N6.05, N14.35 and N51.90 from the previous N5.50, N13.05 and N51.90 per share.
UACN, UPL, and SUNUASSUR led other price decliners with 10%, 9.95% and 9.92% decline each in share prices to close at N31.95, N3.89 and N5.99 from the previous N35.50, N4.32 and N6.65 per share.
On the volume index, FIDELITYBK led trading with 41 million shares in 716 deals followed by MBENEFIT which traded 35 million shares in 272 deals.
NB traded 35 million shares in 148 deals.
On the value index, GTCO topped as the security traded stock worth N2.3 billion in 1, 125 deals followed by MTNN which traded equities worth N1.4 billion in 634 deals.
ZENITHBANK traded shares valued at N1.3 billion in 1, 195 deals.
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