Stock Market Decline Persists as Investors Suffer N7bn Loss to Start the Week in the Negative Zone

The Nigerian stock market started the week on a negative note on Monday, March 17, 2025, as investors lost N7 billion on the trading floor of the Nigerian Exchange Group (NGX).

This follows a dip in the share prices of stocks like ETRANZACT, SUNUASSUR, and PRESTIGEl amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization fell to ₦66.344 trillion from ₦66.352 trillion which the bourse recorded on Friday, March 14, 2025.

The benchmark All-Share Index (ASI) decreased to 105,799.17 points from 105,955.13 points which were recorded the previous trading day.

The market breadth was negative as 18 stocks advanced and 35 stocks declined, while 69 stocks remained unchanged in 13,520 deals.

ACADEMY, NEIMETH, TANTALIZER led other gainers with 9.92%, 8.43% and 6.83% growth each in prices to close at N2.88, N2.70 and N3.13 from the previous N2.62, N2.49 and N2.93 per share.

ETRANZACT, SUNUASSUR, and PRESTIGE led other price decliners with 10%, 9.92% and 8.26% decline each in share prices to close at N5.85, N4.63 and N1.00 from the previous N6.50, N5.14 and N1.09 per share.

On the volume index, JAIZBANK led trading with 197 million shares in 298 deals followed by ZENITHBANK which traded 25 million shares in 929 deals.

SOVRENINS traded 19 million shares in 264 deals.

On the value index, MTNN topped as the security traded stock worth N1.3 billion in 648 deals followed by ZENITHBANK which traded equities worth N1.2 billion in 929 deals.

NAHCO traded shares valued at N626 million in 199 deals.

By: Babajide Okeowo