The Nigerian equities extended the bearish sentiment on Tuesday, February 18, 2025, as investors lost ₦166 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a dip in the share prices of stocks like UNIONDICON, UPDC, and CADBURY amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization dipped to ₦67.179 trillion from ₦67.346 trillion which the bourse recorded on Monday, February 17, 2025.
The benchmark All-Share Index (ASI) decreased to 107,670.98 points from 107,937.74 points which were recorded the previous trading day.
The market breadth was negative as 16 stocks advanced and 39 stocks declined, while 65 stocks remained unchanged in 14,174 deals.
CONHALLPLC, SUNUASSUR, NEIMETH led other gainers with 9.76%, 9.58% and 8.77% growth each in prices to close at N3.71, N6.52 and N3.35 from the previous N3.38, N5.95 and N3.08 per share.
UNIONDICON, UPDC, and CADBURY led other price decliners with 9.82%, 9.09%, and 9.06% decline each in share prices to close at N7.35, N3.10 and N29.10 from the previous N8.15, N3.41 and N32.00 per share.
On the volume index, ACCESSCORP led trading with 54 million shares in 632 deals followed by UBA which traded 31 million shares in 601 deals.
GUINNESS traded 30 million shares in 77 deals.
On the value index, GUINNESS topped as the security traded stock worth N2.2 billion in 77 deals followed by ACCESSCORP which traded equities worth N1.5 billion in 632 deals.
UBA traded shares valued at N1.1 billion in 601 deals.
By Babajide Okeowo