Stock market rebounds with N19bn gain

The Nigerian stock market rebounded on Tuesday, April 15, 2025, breaking a two-day bearish run with a gain of N19 billion.

The Nigerian Exchange Limited (NGX) market capitalisation rose by N19 billion or 0.03 per cent, ending at N65.704 trillion, up from N65.685 trillion on Monday.

The All-Share Index (ASI) also added 30.40 points or 0.03 per cent to close at 104,560.02, compared to 104,529.62 previously.

However, market breadth closed negative, recording 29 decliners against 25 advancers.

Northern Nigeria Flour Mills topped the losers’ chart, shedding 9.97 per cent to close at N79.00 per share.

The Initiates Plc fell by 9.57 per cent, ending the day at N4.25 per share, while Caverton Offshore declined by 9.06 per cent, to close trading at N2.31 per share.

WAPIC Insurance dropped by 8.85 per cent, finishing at N2.06 per share, and Guinea Insurance lost 8.70 per cent, closing at 63k per share.

On the gainers’ chart, ABBEY Mortgage Bank rose by 9.94 per cent to close at N7.41 per share, while Unilever Nigeria gained 9.65 per cent, with its share price closing at N38.05.

Stock market investors lose N21bn

Learn Africa appreciated by 8.33 per cent to settle at N3.25 per share, while FG132026S1 increased by 8.00 per cent, closing at N97.20 per share.

Secure Electronic Technology advanced by 7.41 per cent, ending at 58k per share.

In total, 368.76 million shares worth N10.87 billion were exchanged in 13,228 transactions.

This compares to 428.16 million shares worth N10.518 billion traded across 14,583 deals previously.

Fidelity Bank led the activity chart with 47.431 million shares valued at N866.95 million, while Access Corporation followed with 28.048 million shares worth N592.21 million traded.

Zenith Bank exchanged 23.120 million shares worth N1.146 billion during the session, and UBA transacted 21.97 million shares valued at N690.49 million.

First City Monument Bank recorded 20.805 million shares traded, worth N185.11 million.

The Star