Stock market investors lose N151bn

The Nigerian stock market witnessed a downturn as performance indices declined by 0.23 per cent on Friday, March 7, 2025.

The Nigerian Exchange Limited (NGX) market capitalisation fell by N151 billion or 0.23 per cent to N66.717 trillion from N66.868 trillion recorded on Thursday.

The All-Share Index also dropped by 0.23 per cent or 242 points to close at 106,538.60 against 106,780.72 posted the previous day.

Meanwhile, the market breadth closed positive with 34 gainers and 19 losers.

On the gainers’ chart, Livestock Feeds soared by 9.87 per cent to close at N8.35, followed by HoneyFlour, which gained 9.80 per cent to close at N13.45 per share

Eunisell Interlinked increased by 9.69 per cent to close at N10.75, while May and Baker Nigeria rose by 9.66 per cent to close at N9.95 per share.

Tantalizer also edged by 9.28 per cent to close at N2.59 per share.

On the losers’ chart, Ikeja Hotel lost by 9.70 per cent, to close at N10.70, while Transnational Corporation declined by 9.46 per cent at N46.90 per share.

Stock market rebounds as investors gain N215bn

First City Monument Bank fell by 7.61 per cent to close at N9.10, while Caverton Offshore Support Group depreciated by 5.80 per cent to close at N2 60 per share.

ABC Transport also dropped by 5.06 per cent to close at N1.50 per share.

A total of 349.18 million shares worth N9.74 billion were exchanged across 11,911 transactions, compared to 375.73 million shares worth N10.185 billion exchanged across 11,447 transactions recorded at the previous section

Transactions in shares of Zenith Bank topped the activity chart with 42.150 million shares worth N2.015 billion.

Fidelity Bank followed with 35.94 million shares valued at N624.13 million, while Access Corporation transacted 31.49 million shares worth N764.90 million.

The United Bank for Africa (UBA) sold 23.990 million shares valued at N897.80 million, while Tantalizer transacted 23.064 million shares worth N59.179 million.

The Star