Stock market investors lose N70bn

The stock market closed on a negative note on Wednesday, May 21, 2025, as performance indices dipped by 0.10 per cent.

The Nigerian Exchange Limited (NGX) market capitalisation dropped by N70 billion, falling to N68.895 trillion from N68.965 trillion recorded on Tuesday.

The All-Share Index also declined by 111.37 points or 0.10 per cent to close at 109,619.10 down from 109,730.47 recorded earlier.

The downturn was due to sell pressure in banking stocks and cautious trading.

Meanwhile, the market breadth closed mixed with 29 losers and 29 gainers.

On the gainers’ chart, RT Briscoe increased by 10 per cent to close at N2.09, while Eunisell Interlinked Plc soared by 9.75 per cent, closing at N12.95 per share.

Livestock Feeds rose by 9.61 per cent, settling at N8.90, and Linkage Assurance grew by N9.46 per cent, finishing at N1.62 per share.

Meyer Plc gained by 8.89 per cent, closing at N9.80 per share.

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On the flip chart, Champion Breweries lost by 10 per cent, ending the session at N7.20, while Lasaco Insurance also dropped by 10 per cent, closing at N2.52 per share.

Mc Nicholas fell by 9.45 per cent, settling at N2.30, and Multiverse Mining shed by 7.22 per cent, closing at N9 per share.

Sovereign Trust Insurance declined by 6.80 per cent, finishing at 96k per share.

A total of 664.16 million shares worth N12.996 billion were exchanged across 19,439 transactions.

This is compared to 497.06 million shares worth N13.213 billion that were exchanged across 18,795 transactions earlier.

Transactions in the shares of Japaul Gold topped the activity chart with 90.02 million worth N186.47 million.

Tantalizer followed with 82.75 million shares valued at N231 million, while Fidelity Bank sold 67.69 million shares worth N1.26 bilion.

Nigerian Breweries transacted 52.24 million shares valued at N3.132 billion, and Custodian Insurance traded 36.49 million shares worth N719.28 million.

The Star