The Nigerian equities market continues to endure bearish sentiment during the just-concluded trading week losing N532 billion on the floor of the Nigerian Xchange (NGX).
Ripples Nigeria reports that investors recorded a loss of N365 billion the previous week.
In the current week, the equities market gained in only one of the five trading sessions and incurred a loss of N532 billion in the process.
The market capitalization decreased to N65.820 trillion from the N66.352 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) depreciated by 0.94% to close the week at 104,962.96 points from 105. 955.13 points recorded the previous week.
The Nigerian equities market began the week on Monday, March 17, 2025, on a bearish note as investors lost N7.80 billion at the end of the trading session.
The market closed with a loss on Tuesday, March 18, 2025, as investors lost N265.55 billion.
The bears continued to ravage the market on Wednesday, March 19, 2025, as investors lost N288.80 billion.
The losing trend continued on Thursday, March 20, 2025, as investors lost N35.35 billion at the end of the trading session.
The market closed the week on Friday, March 21, 2025, with the only profitable trading session of the week as investors gained N65.33 billion.
Meanwhile, a total turnover of 2.902 billion shares worth N48.064 billion in 57,044 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.281 billion shares valued at N63.517 billion that exchanged hands last week in 60,782 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.375 billion shares valued at N21.335 billion traded in 27,053 deals; thus contributing 81.85% and 44.39% to the total equity turnover volume and value respectively.
The Services industry followed with 177.345 million shares worth N3.194 billion in 3,829 deals.
In third place was the Consumer Goods Industry, with a turnover of 104.381 million shares worth N3.305 billion in 5,587 deals.
Trading in the top three equities namely Sovereign Trust Insurance Plc, Jaiz Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.497 billion shares worth N5.065 billion in 3,662 deals, contributing 51.59% and 10.54% to the total equity turnover volume and value respectively.
Thirty-two (32) equities appreciated in price during the week, lower than thirty-eight (38) equities in the previous week. Forty-eight (48) equities depreciated in price, higher than forty-six (46) in the previous week, while seventy (70) equities remained unchanged, higher than sixty- six (66) recorded in the previous week.
Neimeth International Pharmaceuticals Plc recorded the biggest share price increase in percentage gaining 20.48% followed by Linkage Assurance Plc which increased its share price by 13.49% in the process.
New Nig. Flour Mills Plc also increased its share price by 9.99%.
On the flip side, E-Tranzact International Plc recorded the biggest decline in share prices by percentage shedding 26.15% followed by Livestock Feeds Plc which shed 17.55% of its share prices.
Red Star Express Plc also knocked off 16.90% of its share prices.
Source: Ripples Nigeria
