Categories: BusinessNews

Stock market records N11bn loss

The Nigerian stock market recorded mixed performances on Thursday, April 3, 2025, as the market capitalisation shed a marginal loss of N11 billion or 0.02 per cent to close at N66.155 trillion from N66.166 trillion recorded on Wednesday.

The difference in the performance indices was due to the delisting of Capital Oil Plc, Goldlink Insurance Plc, and Medview Airline Plc from the stock market.

However, the All-Share Index soared by 0.01 per cent or 9.27 points to close at 105,525.26 against 105,515.99 posted on Wednesday.

Meanwhile, the market breadth closed negatively with 33 losers and 21 gainers.

On the losers’ chart, Livestock Feeds declined by 10 per cent to close at N7.20, while PZ Cussons Nigeria dropped by 9.97 per cent to close at N33.40 per share.

Mutual Benefits fell by 9.35 per cent to close at 97k, and UAC of Nigeria declined by 9.23 per cent to close at N29.00 per share.

Secure Electronic Technology also lost by 9.09 per cent to close at 50k per share.

On the gainers’ chart, Africa Prudential rose by 9.76 per cent to close at N15.75, while Guinea Insurance increased by 9.52 per cent to close at 69k per share.

Stock market investors lose N91bn

DAAR Communications soared by 8.33 per cent to close at 65k, and AXA Mansard rose by 7.87 per cent to close at N9.60 per share.

Similarly, RT Briscoe gained by 7.14 per cent to close at N2.40 per share.

A total of 397.19 million shares worth N8.74 billion were exchanged across 13,667 transactions.

This is compared to 438.09 million shares worth N12.016 billion that was exchanged across 17,286 transactions earlier recorded.

Transactions in the shares of Universal Insurance topped the activity chart with 49.749 million shares worth N29.24 million.

Zenith Bank followed with 34.934 million shares valued at N1.642 billion while Royal Exchange sold 33.940 million shares worth N33.935 million.

United Bank for Africa transacted 33.913 million shares valued at N1.251 billion, and Fidelity Bank traded 30.508 million shares worth N584.640 million.

The Star

Segun Ojo

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