NGX Market Capitalisation Drops by N74bn Amid Bearish Market Trend

The Nigerian Exchange Limited (NGX) experienced a decline in market capitalisation by N74 billion at the close of trading on Wednesday, March 26, 2025. The All-Share Index dropped by 0.1%, settling at 105,485.99 points, marking a downturn in investor sentiment. The exchange’s overall market capitalisation now stands at N66.1 trillion, as market activities reflected a bearish trend.

Despite the drop in capitalisation, a total of 1.29 billion shares, valued at N12.49 billion, were traded across 10,908 deals. This represented a significant 269% increase in trading volume compared to the previous day, although turnover decreased by 17%, and the number of deals fell by 12%. A total of 124 stocks were traded, with 31 stocks advancing and 19 experiencing losses.

Among the gainers, Mutual Benefits Assurance Plc led with a 10% increase, closing at N0.88 per share, followed by Royal Exchange Plc, which saw a 9.88% rise to N0.89. NEM Insurance and Lasaco Assurance also posted notable gains, with increases of 9.84% and 9.56%, respectively. On the flip side, Union Homes Real Estate Investment Trust Plc suffered the largest loss, dropping 9.93%, while other notable losers included Associated Bus Company and Universal Insurance.

Sectoral performance on the exchange was mixed, with the Insurance Index rising by 2.64% and the Consumer Goods Index increasing by 0.35%. However, the Top 30 Index and the Banking Index showed marginal losses, while the Oil & Gas Index experienced a slight uptick of 0.03%. In terms of trading volume, Sovereign Trust Insurance Plc led the list with 607 million shares traded, followed by Cutix Plc with 358 million shares.

source: punch