Categories: BusinessNews

NGX transacts N35.29bn shares as investors lose N1.116bn

The Nigerian Exchange Limited (NGX) transacted 733.05 million shares worth N35.288 billion in 16,619 transactions on Tuesday, April 29, 2025.

This is in contrast with 500.59 million shares worth N12.110 billion that was traded in 17,637 deals earlier.

Transactions in the shares of Fidelity Bank topped the activity chart with 285.15 million shares worth N5.774 billion.

MTN Nigeria followed with 86.850 million shares valued at N20.931 billion, while Access Corporation transacted 35.56 million shares worth N851.27 million.

Universal Insurance traded 29.810 million shares valued at N15.188 million, and Guaranty Trust Holding Company sold 28.510 million shares worth N1.935 billion.

Meanwhile, the stock market on Tuesday witnessed a downturn as investors lost N1.116 billion with mixed performance indices.

The market capitalisation dropped by N1.116 billion or 0.70 per cent to close at N65.577 trillion, compared with N66.693 trillion posted on Monday.

Investors gain N228bn at stock market

The All-Share Index (ASI) also fell by 185 points or 1.17 per cent, to settle at 105,931.18 from N106,116.18 earlier recorded.

The negative trend was driven by profit taking in MTN Nigeria, Africa Prudential, PZ, and First Bank Holding Company, among others.

However, the market breadth closed positively with 33 gainers and 19 losers, suggesting positive sentiment.

On the gainers’ chart, Legend Internet Plc rose by 10 per cent, closing at N8.25, while ABC Transport gained by 9.94 per cent, to settle at N1.88 per share.

Cadbury Nigeria rose by 9.91 per cent, ending the session at N32.15, and Champion increased by 9.79 per cent to close at N4.71 per share.

Similarly, Eterna soared by 9.46 per cent, closing at N48.00 per share.

On the losers’ chart, Livestock Feeds declined by 9. 71 per cent, settling at N7.22, while Multiverse Mining fell by 9.62 per cent, closing at N7.05 per share.

McNichols Plc dropped by 9.47 per cent to close at N1.72, and Omatek lost by 9.23 per cent, closing at 59k per share.

MTN Nigeria also shed 6.07 per cent to finish at N240.00 per share.

The Star

Segun Ojo

Recent Posts

Kaduna’s 36km Bagoma–Gagumi road to surpass Uba Sani’s previous record — KADRA MD

Governor Uba Sani is poised to surpass his own infrastructure milestone once the 36-kilometre Bagoma–Gagumi…

2 hours ago

Meta set to sack many workers as AI costs mount

Meta is planning sweeping layoffs ​that could affect 20% or more of the company, three…

2 hours ago

‘Operation Epic Fury continues’: Trump rejects Iran ceasefire talks

United States President Donald Trump has rebuffed efforts by Middle Eastern allies to start diplomatic…

2 hours ago

VIDEO: UK-bound 74-year-old man nabbed with cocaine hidden in balloons at Abuja airport

A 74-year-old man, Ikwuakalom Nwakoro Emeka, has been arrested by the operatives of the National…

3 hours ago

SERAP urges Tinubu to probe ₦5.9bn spent on NNPC rebranding

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Ahmed Tinubu to…

4 hours ago

Bandits kill Zamfara college director after family paid ₦25.7m ransom

The killing of a senior administrator at the College of Education Maru, Malam Bashar Sani,…

4 hours ago

This website uses cookies.