Stocks Slip As ASI Drops 0.17%, Market Cap Sheds ₦117Bn.

Trading activities in the Nigerian Equities market closed negative at the end of today, Tuesday (29/04/2025), as the NGX-ASI decreased to 105,931.18 from 106,116.18 recorded at the close of the previous trading day, indicating a YTD return of +2.92%.

Similarly, the market capitalization decreased by ₦117 billion to ₦66.577 trillion from ₦66.694 trillion recorded at the previous trading day’s close. However, the market turnover significantly increased to ₦35.288 billion from ₦12.111 billion.

The market breadth was positive at 1.74X, as 33 stocks advanced, 19 stocks declined, and 69 stocks remained unchanged. LEGENDINT topped the gainers’ list with 10.00%, while LIVESTOCK declined by 9.71% to lead the losers’ chart.

FIDELITYBK recorded the highest volume while MTNN recorded the highest value for the day.

Read: NGX Price List for Tuesday, 29th April 2025

MARKET STATISTICS

CAP (₦)66,577,339,248,948.20One Day (ASI CHG) -0.17%
Index105,931.18One Week (ASI CHG)+1.14%
Volume733,051,521One Month (ASI CHG)+0.27%
Value (₦)35,288,059,869.05Six Months (ASI CHG)+6.52%
Deals16,61952 Weeks (ASI CHG)+7.84%
Gainers33Losers19
Unchanged69Total121
 YTD Returns+2.92% 

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange (%) 
ASI -0.17
NGX30 -0.28
NGXBNK+1.30
NGXCNSMRGDS+0.48
NGXINDUSTR 0.00
NGXINS+0.53
NGXLOTUSISLM -1.08
NGXOILGAS+0.09

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)Change (%)
LEGENDINT7.508.250.7510.00
ABCTRANS1.711.880.179.94
CADBURY29.2532.152.909.91
CHAMPION4.294.710.429.79
ETERNA43.8548.004.159.46
MAYBAKER8.108.850.759.26
UPDC2.933.190.268.87

Top 7 Losers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)Change (%)
LIVESTOCK8.557.72-0.83-9.71
MULTIVERSE7.807.05-0.75-9.62
OMATEK0.650.59-0.06-9.23
MTNN255.50240.00-15.50-6.07
SUNUASSUR5.204.90-0.30-5.77
FTNCOCOA1.911.81-0.10-5.24
PZ30.1029.00-1.10-3.65

Top 7 Traded Stocks by Volume

SecurityClose Price (₦)Number of TradesVolume
FIDELITYBK20.25489285,154,825
MTNN240.0066286,850,941
ACCESSCORP24.051,10635,569,705
UNIVINSURE0.527629,810,593
GTCO67.8093428,510,450
UBA34.9586428,171,952
LIVESTOCK7.7233813,303,137

Top 7 Traded Stocks by Value

SecurityClose Price (₦)Number of TradesValue (₦)
MTNN240.0066220,931,111,586.90
FIDELITYBK20.254895,774,283,865.30
GTCO67.809341,935,342,197.45
UBA34.95864980,828,147.90
ACCESSCORP24.051,106851,279,526.75
ZENITHBANK47.75761601,135,707.20
ARADEL448.00588544,304,529.30

OUTLOOK

The market failed to sustain its early-week momentum, as investors recorded a ₦117bn loss amid a mixed breadth, 33 gainers versus 19 decliners. However, we project a potential rebound in the coming session, driven by bargain hunting and positive investor sentiment.

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