Nigerian Exchange Declines by N152bn as Investors Hit Red Button
The equities market capitalisation of the Nigerian Exchange (NGX) declined by N152 billion as investors hit the red button in a bid to book profit on stocks that rallied recently. The sell order executed by stockbrokers and individuals trading highs and lows outpaced hunting for value, the first daily loss in 2025.
As a result of today’s profit-taking, the local bourse closed trading activities for today on a negative note. The Nigerian Exchange performance indicators dropped by 0.24% on Tuesday, while year-to-date returns moderated ahead of December inflation data next week.
The market downturn was driven by investors engaging in profit-taking on recently appreciated medium- and large-scale stocks across major market sectors.
The insurance index became a profit-taking target in the equities following its fast and furious uptrend in the year. The market index, or All-Share Index, decreased by 249.42 basis points to close at 103,398.82, according to data obtained from the Nigerian Exchange.
However, market activities inched higher, as the total volume and total value traded on NGX grew by 29.94% and 10.48%, respectively. In its market update, Atlass Portfolios Limited told investors that approximately 1,112.22 million units valued at ₦14,638.30 million were transacted across 16,617 deals.
In terms of volume, FBNH led the activity chart, accounting for 14.55% of the total volume of traded in the market on Tuesday. Other volume drivers include AIICO (10.87%), TANTALIZER (9.44%), UNIVINSURE (8.45%), and REGALINS (4.26%), rounding out the top five.
FBNH also emerged as the most traded stock in value terms, accounting for 32.26% of the total value of trades on the exchange.
ABBEYBDS and PZ topped the advancers’ chart with a price appreciation of 10.00 percent each. Other gainers include LEARNAFRCA (+9.90%), NCR (+9.77%), NGXGROUP (+9.72%), MULTIVERSE (+9.60%), THOMASWY (+9.47%), and twelve others.
Trading rrecordsrevealed that fifty stocks depreciated in the equities market. FTNCOCOA, RTBRISCOE, and VERITASKAP were the top losers, with a price depreciation of -10.00% each.
Other decliners include CORNERST (-9.98%), HONYFLOUR (-9.92%), AIICO (-9.52%), VITAFOAM (-7.79%), and JAPAULGOLD (-5.22%). Given the trading direction, the market breadth closed negative, recording 19 gainers and 50 losers.
Also, the sectoral performance closed negative, as four of the five major market sectors went down. Today, the insurance sector dropped by 7.68%, followed by the banking sector, which lost -0.64%, the consumer goods sector dipped by -0.38%, and the oil & gas sector was down by -0.10%.
The industrial sector closed unchanged. Overall, the equities market capitalisation of the Nigerian Exchange declined by N152.09 billion to close at ₦63.05 trillion. #Nigerian Exchange Declines by N152bn as Investors Hit Red Button Ministry Seeks $2 billion Fibre Optics Funding
