Wednesday, June 18, 2025 The Nigerian stock market continued its downward trend on Tuesday, June 17, with investors losing ₦183 billion in market value. The Nigerian Exchange Ltd. (NGX) saw its total capitalisation decline from ₦72.680 trillion on Monday to ₦72.497 trillion at the close of trading.
The All-Share Index also fell by 348.61 points, representing
a 0.30 per cent drop to close at 114,910.16, down from the previous session's
115,258.77.
The decline was driven by losses in major equities,
including Transcorp Power, Oando, Ellah Lakes, Omatek, and Custodian
Investment, among others. Market sentiment remained negative, with 35 stocks
closing in the red compared to 29 that gained.
Transcorp Power Plc topped the list of losers, dropping 9.98
per cent to ₦295.70 per share. Oando Plc followed closely with a 9.97 per cent
decline to ₦58.25, while Ellah Lakes fell 9.87 per cent to ₦4.29. Omatek shares
dropped 9.33 per cent to close at 68k, and Custodian Investment Plc shed 8.63
per cent to ₦22.75.
On the gainers' side, Cileasing led with a 10 per cent
increase to ₦4.62 per share. Learn Africa and Mutual Benefits Assurance also
posted 10 per cent gains, closing at ₦4.18 and ₦1.10, respectively. University
Press rose 9.82 per cent to ₦5.48, while Deap Capital Management appreciated by
8.64 per cent to 88k per share.
Total turnover for the day stood at 787.31 million shares
worth ₦25.67 billion, traded in 23,170 deals. This was an improvement from
Monday’s 721.75 million shares valued at ₦22.01 billion exchanged in 22,100
transactions.
Zenith Bank topped the volume chart with 96.23 million
shares worth ₦4.25 billion. Guaranty Trust Holding Company followed with 83.36
million shares valued at ₦6.24 billion, while United Bank for Africa traded
65.16 million shares worth ₦2.11 billion. Access Corporation and Ecobank
Transnational Incorporated rounded out the top five with 64.21 million shares
at ₦1.30 billion and 51.73 million shares at ₦1.57 billion, respectively.
0 Comments