Investors lose N365bn as equities market close week in red
By Seun Ibiyemi
The Nigerian equities market’s negative performance persisted during the recently concluded trading week, with investors seeing a decline of N365 billion on the Nigerian Exchange (NGX).
This follows a loss of N476 billion in the previous week.
During the current week, the market saw gains on only one out of the five trading days, ultimately suffering a loss of N365 billion over the week.
The market’s total capitalisation fell to N66.352 trillion, down from N66.717 trillion the previous week.
Similarly, the All-Share Index (ASI) dropped by 0.55%, closing the week at 105,955.13 points, compared to 106,538.60 points at the close of the previous week.
The Nigerian equities market began the week on a positive note on Monday, March 10, 2025, with investors gaining N52.17 billion by the end of the trading session.
However, the market closed with a loss on Tuesday, March 11, 2025, as investors lost N284.40 billion.
The downturn continued on Wednesday, March 12, 2025, with investors losing N48.45 billion.
On Thursday, March 13, 2025, the market regained some ground as investors saw a gain of N81.76 billion by the end of the day’s trading.
The week closed on Friday, March 14, 2025, with another loss, as investors saw a decline of N166.43 billion.
A total of 3.281 billion shares, valued at N63.517 billion, were traded this week across 60,782 deals. This represents a significant increase from the previous week, which saw 1.818 billion shares worth N47.226 billion traded in 64,222 deals.
The Financial Services Industry (in terms of volume) led the activity chart, with 2.302 billion shares worth N25.014 billion exchanged across 27,625 deals, contributing 70.17% of the total equity turnover volume and 39.38% of the total value.
The Consumer Goods sector followed, with 421.846 million shares worth N3.796 billion traded in 6,149 deals.
In third place was the Services Industry, which recorded a turnover of 228.075 million shares, worth N800.274 million, across 4,741 deals.
The top three equities by volume—Sovereign Trust Insurance Plc, Champion Breweries Plc, and Jaiz Bank Plc—accounted for 1.621 billion shares, valued at N3.244 billion, across 1,528 deals. This represented 49.42% of the total volume and 5.11% of the total value.
A total of 38 equities appreciated in price this week, an increase from 30 in the previous week.
On the other hand, 46 equities saw a decline in price, fewer than the 58 that depreciated in the previous week, while 66 equities remained unchanged, compared to 62 last week.
Livestock Feeds Plc saw the largest increase in share price, rising by 22.16%, followed by Caverton Offshore Support Group, which gained 15.38%. FTN Cocoa Processors Plc also saw a 14.20% increase in its share price.
Conversely, Neimeth International Pharmaceuticals Plc recorded the largest decline, shedding 17.00% of its share price. Mecure Industries Plc followed with a 10.36% drop, and International Energy Insurance Plc saw a 10.26% reduction in its share price.
