The Nigerian equities market closed the week negatively on Monday, February 17, 2025, as investors lost ₦70 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a dip in the share prices of stocks like NB, CADBURY, and INTENEGINS amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization dipped to ₦67.345 trillion from ₦67.415 trillion which the bourse recorded on Friday, February 14, 2025.
The benchmark All-Share Index (ASI) decreased to 107,937.74 points from 108,049.47 points which were recorded the previous trading day.
The market breadth was negative as 19 stocks advanced and 42 stocks declined, while 62 stocks remained unchanged in 17,095 deals.
NB, CADBURY, INTENEGINS led other gainers with 10%, 9.97% and 9.87% growth each in prices to close at N36.30, N32.00 and N2.45 from the previous N33.00, N29.10 and N2.23 per share.
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IKEJAHOTEL, LEARNAFRCA, and CORNERST led other price decliners with 10%, 10%, and 9.80% decline each in share prices to close at N12.60, N3.87 and N3.13 from the previous N14.00, N4.30 and N3.47 per share.
On the volume index, ACCESSCORP led trading with 143 million shares in 620 deals followed by AIICO which traded 24 million shares in 244 deals.
UPDC traded 20 million shares in 389 deals.
On the value index, ACCESSCORP topped as the security traded stock worth N4 billion in 620 deals followed by OANDO which traded equities worth N1.1 billion in 1,319 deals.
UBA traded shares valued at N688 million in 248 deals.
By: Babajide Okeowo