Equities Market Lost N557bn to Investors Profit-Taking Actions
The Nigerian equities market weakened on Thursday, lost N557 billion on the day dut to profita taking activities of sell side investors in the local bourse.
Trading data from the Nigerian Exchange (NGX) showed that all the sectoral indices went south as market anticipates release of fourth quarter of 2025 earnings, tagged as the next catalysts to drive re-rating.
The NGX All-share index and market capitalisation declined by 0.52% to close at 165,397.4 points and N105.9 trillion, respectively. The session’s weak performance was largely driven by losses in INTBREW (-6.00%), WAPCO (-5.06%), and ZENITHBANK (-3.40%).
Accordingly, the market breadth was negative at 0.92x as 39 laggards outweighed 36 gainers. INFINITY (+10.00%), JOHNHOLT (+10.00%), and NCR (+10.00%) emerged top gainers, while OMATEK (-9.40%), led the laggards.
Activity metrics softened, as the total volume and value traded declined by 6.6% and 15.01% to 768.3 million units and N21.2 billion, respectively.
ACCESSCORP emerged as the most traded stock by volume, accounting for 54.3 million units and 7.1% of total volume traded while GEREGU topped the value chart with trades worth N2.8 billion and 13.1% of total value.
Sectoral performance closed on a broadly bearish note across all sectors. The Insurance (-1.35%) and Consumer Goods (-1.31%) indices led the outturn, dragged down by NEM (-5.60%) and INTBREW (-6.00%), respectively.
The Banking (-0.95%), Industrial Goods (-0.71%), and Oil & Gas (-0.15%) indices also closed in negative territory, weighed down by declines in ZENITHBANK (-3.40%), WAPCO (-5.06%), and OANDO (-2.08%). Meanwhile, the Commodity Index was unchanged. Nigeria’s Non-oil Export Rises by 11.5% to $6.1bn in 2025
