The Business NG - March 21, 2025

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BusinessNG Editorial Focus: NGX Market Woes Deepen as Investors Record N763 Billion Loss

In today's edition, BusinessNG zeroes in on the persistent downward trend in the Nigerian Exchange (NGX), where continued sell pressure has driven investors’ losses to a staggering N763 billion over the past five trading sessions.

The NGX closed in negative territory today, with equities investors incurring a collective loss of N35.35 billion. The NGX All-Share Index fell by 56.36 basis points, representing a 0.05% decline, closing at 104,858.77. The trading session reflected muted trading activity and cautious investor sentiment, marking a further contraction in the market's overall capitalisation.

According to a market update from Atlass Portfolios Limited, the decline was accompanied by significant drops in both trading volume and transaction value. The total trading volume decreased by a remarkable 77.28%, while the value of transactions fell by 49.51% compared to previous sessions.

Yesterday’s session recorded approximately 310.53 million units traded across 10,182 deals, amounting to a transaction value of N6.25 billion. Fidelity Bank led in trading volume, contributing 12.90%, followed by VeritasKap (11.98%), NB (8.71%), Zenith Bank (7.38%), and AccessCorp (6.76%). Meanwhile, Zenith Bank emerged as the most traded stock in value terms, contributing 17.17% to the total transaction value.

Despite the overall market downtrend, some stocks managed to post gains. CWG topped the gainers’ chart with a 9.64% price appreciation, followed by VeritasKap (8.41%), DEAPCAP (7.61%), WAPIC (4.2%), WEMABANK, and LINKASSURE.

As BusinessNG highlights the market turbulence, investors are keenly observing the factors behind the sustained sell-offs and whether the bearish trend will persist or reverse in the coming days. Stay with us as we continue to provide comprehensive coverage of the NGX’s evolving dynamics.