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    Wednesday, July 1

    NGX Index Declines by 0.40%, Investors Exit Positions

    Olu AnisereBy Stock Market No Comments1 Min Read
    NGX Index Declines by 0.40%, Investors Exit Positions

    NGX Index Declines by 0.40%, Investors Exit Positions

    The Nigerian Exchange (NGX) All share index (AIS) plunged by 40 basis points as investors exited positions in banking, oil stock on Tuesday.

    The local bourse experienced another downturn as bearish sentiments dominating the transaction in some financial stocks.

    The negative sentiment dragged the All-share index down by 0.40%, closing at 140,929.60 points and year to date return moderated for second trading session.

    Specifically, Nigerian Exchange market capitalisation dropped by 0.4% to ₦89 trillion, and the year-to-date return fell to 36.92%.

    The negative trade was driven by profit-taking in medium- and large-cap stocks, including ARADEL, ACCESSCORP and FIRSTHOLDCO,

    Market activity decreased, with trading volume increasing by 10.75% to 460 million units, and the total transaction value reaching ₦17 billion across 20,535 deals.

     FIRSTHOLDCO led in trading volume, accounting for the total units traded 100 million, while GTCO recorded the highest transaction value at ₦4.1 billion. #NGX Index Declines by 0.40%, Investors Exit Positions#

    GTCO’s Profit Falls by 50% in H1, Declares Interim Dividend

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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