The stock market began the week with a slight downturn on Monday, May 19, 2025, as key performance indicators dipped by 0.01 per cent.
The Nigerian Exchange Limited (NGX) market capitalisation decreased by N8 billion or 0.01 per cent, closing at N68.945 trillion, down from N68.953 trillion recorded on Friday.
The All-Share Index also decreased by 0.01 per cent or 12.54 points to close at 109,697.83, compared to the previous close of 109,710.37.
This decline, following four days of upward movement, was largely due to investors taking profits.
Market sentiment was positive, with 46 stocks gaining value and 23 stocks declining despite the overall bearish trend.
On the gainers’ chart, Ikeja Hotel soared by 10 per cent, settling at N15.40, while
Tantalizer also grew by 10 per cent, closing at N2.53 per share.
Beta Glass rose by 9.98 per cent, finishing at N258.50, and Champion Breweries gained by 9.97 per cent, ending the session at N7.50 per share.
Similarly, Northern Nigeria Flour Mills increased by 9.97 per cent, closing at N131.85 per share.
EFCC arrests 120 internet fraudsters in Lagos
On the flip chart, The Initiates declined by 10 per cent, finishing at N6.12, while ABC Transport dropped by 9.83 per cent, closing at N2.66 per share.
University Press lost by 9.77 per cent to close at N3.97 and FTN Cocoa Processors fell by 9.65 per cent, settling at N2.34 per share.
RT Briscoe also shed by 9.52 per cent, closing at N1.90 per share.
A total of 486.09 million shares worth N11.38 billion were exchanged across 24,883 transactions.
This is in contrast with 431.78 million shares worth N8.599 billion that were exchanged across 16,400 transactions on Friday.
Transactions in the shares of Access Corporation topped the activity chart with 45.12 million shares worth N1.05 billion.
Fidelity Bank followed with 39.41 million shares valued at N799.699 million, while Guaranty Trust Holding Company traded 32.44 million worth N2.207 billion.
Cutix transacted 24.09 million shares valued at N67.02 million, and the United Bank for Africa sold 20.59 million shares worth N716.69 million.
President Bola Tinubu has directed all political appointees in his administration who intend to contest…
The Inspector-General of Police, Olatunji Rilwan Disu, has visited Maiduguri, Borno State, following the recent…
The Federal Government has launched a new credit scheme tagged “Fly Now, Pay Later” to…
The director of the United States National Counterterrorism Center, Joe Kent, announced his resignation on…
A video circulating on social media has ignited widespread outrage after a man was caught…
The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has handed over…
This website uses cookies.