Bearish sentiment returns to equities market as investors lose N119bn

The bearish sentiment returned to the Nigerian equities market as investors lost N119 billion on the trading floor of the Nigerian Xchange Group (NGX) on Wednesday, April 9, 2025.

This follows a surge in the share prices of stocks like LEARNAFRCA, HMCALL, and ETI amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization decreased to ₦65,470 trillion from ₦65,589 trillion which the bourse recorded on Tuesday, April 8, 2025.

The benchmark All-Share Index (ASI) decreased to 104,187.00 points from 104,376.73 points which were recorded the previous trading day.

The market breadth was positive as 31 stocks advanced and 23 stocks declined, while 67 stocks remained unchanged in 11,576 deals.

VFDGROUP, LIVESTOCK and NGXGROUP led other gainers with 10%, 10%, and 9.86% growth each in prices to close at N72.60, N8.03 and N35.65 from the previous N66.00, N7.30 and N32.45 per share.

READ ALSO: NGX: Equities market ends week with N8.38bn loss

LEARNAFRCA, HMCALL, and ETI led other price decliners with 10%, 10% and 9.90% decline each in share prices to close at N2.97, N5.22 and N26.85 from the previous N3.30, N5.80 and N29.80 per share.

On the volume index, GTCO led trading with 62 million shares in 786 deals followed by ACCESSCORP which traded 51 million shares in 729 deals.

ZENITHBANK traded 32 million shares in 790 deals.

On the value index, GTCO topped as the security traded stock worth N4 billion in 786 deals followed by ZENITHBANK which traded equities worth N1.5 billion in 790 deals.

MTNN traded shares valued at N1.1 billion in 374 deals.

By: Babajide Okeowo

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now