Wednesday, September 3, 2025 - The Nigerian Exchange (NGX) extended its losing streak on Tuesday, shedding 0.67% as widespread profit-taking weighed heavily on the market.
The All-Share Index (ASI) dropped to 138,780.55 points from
the previous 139,722.19, while market capitalization fell to N87.81 trillion
from N88.70 trillion.
A total of 405 million shares worth N39.8 billion were
exchanged in 31,127 deals during the session.
Market sentiment remained weak, with 49 stocks closing in
the red against just 9 gainers.
NCR led the chart, advancing 9.96% to close at N12.70, up
from N11.55.
AUSTINLAZ rose 9.66%, while TANTALIZER and MULTIVERSE
appreciated by 6.09% and 5.50%, respectively.
AIICO Insurance, Prestige Assurance, and Consolidated
Hallmark Insurance declined by 10% each, topping the losers’ chart.
ELLAHLAKES and PZ also plunged by 9.93% and 9.89%,
respectively.
Activity Drivers
GTCO was the most active, trading 36 million units in 1,584
deals, valued at ₦3 billion.
ACCESSCORP followed with 30 million shares in 1,529 deals,
worth N768 million.
AIICO Insurance recorded 22 million shares in 849 deals,
totaling N77 million.
The persistent sell-off signals continued investor caution
as market players lock in gains after previous rallies.
0 Comments