Business

Stock market investors lose N77bn

The stock market, on Thursday, February 27, 2025, experienced a slight downturn, with overall market performance declining by 0.11 per cent.

This marginal decline resulted in investors losing a significant N77 billion.

The Nigerian Exchange Limited (NGX) market capitalisation fell by N77 billion or 0.11 per cent, to N67.102 trillion from an opening of N67.179 trillion.

The All-Share Index also declined by 0.11 per cent, or 123.53 points, to close at 107,675.46, against 107,798.99 of the previous day.

The Year-To-Date (YTD) return stood at 4.61 per cent.

The stock market breadth ended positive, with 30 gainers and 23 losers.

FAAC: FG, states, LGCs share N1.703trn January revenue 

On the gainers’ chart, Oando Plc and PZ Cussons Nigeria Plc (PZ) led with a 10 per cent increase each, closing at N48 and N29.50 per share, respectively.

Conversely, on the losers’ chart, Fidson Healthcare Plc led with a 9.60 per cent decrease, closing at N19.80 per share, followed by Ecobank Transnational Incorporated (ETI) with a 9.51 per cent decrease, closing at N34.70 per share.

A total of 423.42 million shares, worth N9.57 billion, were exchanged across 11,112 transactions, compared with 245.51 million shares, worth N8.41 billion, traded across 10,098 transactions in the previous session.

On the activity table, First City Monument Bank led in volume with 102.27 million shares, while Access Corporation led in value of deals, worth N801.88 million.

The Star

Kunle Ayo

Recent Posts

INEC confirms Yahaya Bello as APC Kogi Central candidate

The Independent National Electoral Commission has listed former Kogi State Governor, Yahaya Bello, as the…

5 hours ago

FULL LIST: INEC releases final list of 18 presidential candidates for 2027

The Independent National Electoral Commission has released the final list of 18 presidential candidates and…

6 hours ago

Uganda’s former youngest king buried amid family feud

Thousands of mourners gathered in Uganda on Saturday to bury King Oyo Nyimba Kabamba Iguru…

7 hours ago

Gunmen kill three herders, 50 cattle in Plateau attack

Three herders and about 50 cattle have been killed in a fresh attack around Aloghom…

9 hours ago

EPL: Hull hold Chelsea at Stamford Bridge as Liverpool fail to beat Fulham

Hull City held Chelsea 2-2 at Stamford Bridge to go third in the Premier League…

9 hours ago

Dangote refinery IPO: Zenith Bank opens subscription channels

Zenith Bank has announced that Nigerians in the country and abroad can subscribe to the…

9 hours ago

This website uses cookies.