NGX Index Slips, Investors Lose N34bn with NIDF New Listing
The Nigerian Exchange (NGX) All-share index (ASI) slipped by 0.05%, while investors lost about N34 billion amidst the listing of Nigerian Infrastructure Debt Funds.
The stock market closed trading activities on a negative note, with key performance indicators showing mixed outcomes. The NGX ASI dropped by -0.05% over tightened investors’ sentiment. Meanwhile, stock market capitalisation was down by -0.04%.
The difference in the market indicators is attributed to the Listing of Chapel Hill Denham Management Limited’s Series 11 Nigeria Infrastructure Debt Fund of 140,100,000 Units of N100.00 each at N109.50 each in the market on Wednesday.
Market index decreased by 78.29 basis points to close at 146,862.00, while the market capitalisation fell by ₦33.81 billion, representing a decline of -0.04%, to close at ₦93.62 trillion.
The downtick, despite positive market breadth, reflects profit-taking in selective stocks across major market sectors, investment firm Atlass Portfolio Limited told investors in a note.
Trading data from the local bourse indicated that the total volume of all trades executed in the local bourse and their total value declined by -62.15% and -58.90%, respectively.
Stockbrokers reported that approximately 747.09 million units valued at ₦12,425.64 million were transacted across 19,161 deals.
CUTIX was the volume driver on NGX, accounting for 16.50% of transaction volume, followed by FCMB (10.83%), CONHALLPLC (9.56%), FIDELITYBK (8.57%), and TANTALIZER with 7.76%.
GTCO led value chart, accounting for 22.13% of the total value of all trade executed in the stock market.
JAPAULGOLD led gainers chart, up by +10.00%, trailed by PRESTIGE (+9.40%), MECURE (+7.72%), TIP (+7.30%), CONHALLPLC (+6.97%), IKEJAHOTEL (+6.58%), and twenty-two others.
A total of twenty-three (23) stocks depreciated in the equity market on Tuesday, according to market report. With a price depreciation of -10.00% each, CHAMS topped the worst performers’ chart, followed by HMCALL (-8.88%), UACN (-8.18%), SUNUASSUR (-6.98%), LINKASSURE (-4.35%), and CORNERST (-3.67%).
Still, the market breadth closed on a positive note, as there were 28 gainers and 23 losers. Sectoral performance was largely bearish: Insurance led the laggards with a 0.39% decline, followed by Consumer Goods falling 0.14%, Oil & Gas dropping 0.08%, and Banking easing 0.04%.
In contrast, the Industrial and Commodity sectors closed flat. FCMB Group Forecasts N62.55 billion Profit for Q1-2026
