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.

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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