Capitalization Rises By ₦100 Billion As Market Rebounds.

Trading activities in the Nigerian Equities market closed positive at the end of today, Tuesday (08/04/2025), as the NGX-ASI increased to 104,376.73 from 104,216.87 recorded at the close of the previous trading day, indicating a YTD return of +1.41%.

Similarly, the market capitalization increased by ₦100 billion to ₦65.589 trillion from ₦65.489 trillion recorded at the previous trading day’s close. However, the market turnover decreased to ₦10.105 billion from ₦11.148 billion.

The market breadth was negative at 0.39X as 16 stocks advanced and 41 stocks declined, while 64 stocks remained unchanged. NSLTECH topped the gainers’ list with 8.89%, while UHOMREIT declined by 9.95% to lead the losers’ chart.

ACCESSCORP recorded the highest volume and GTCO recorded the highest value for the day.

Read: NGX Price List for Tuesday, 8th April 2025

MARKET STATISTICS

CAP (₦)65,589,254,292,887.05One Day (ASI CHG)+0.15%
Index104,216.87One Week (ASI CHG)-1.22%
Volume460,565,077One Month (ASI CHG)-2.02%
Value (₦)10,105,470,378.69Six Months (ASI CHG)+7.03%
Deals14,52852 Weeks (ASI CHG)+1.29%
Gainers16Losers41
Unchanged64Total121
 YTD Returns+1.41% 

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange (%) 
ASI+0.15
NGX30+0.21
NGXBNK+1.89
NGXCNSMRGDS-0.16
NGXINDUSTR-0.11
NGXINS-4.07
NGXLOTUSISLM-0.89
NGXOILGAS+0.04

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Change price (₦)Change (%) 
NSLTECH0.450.490.048.89
ABBEYBDS5.155.580.438.35
STERLINGNG4.825.150.336.85
VFDGROUP62.7066.003.305.26
MBENEFIT0.880.920.044.55
FIRSTHOLDCO24.3525.250.903.70
ZENITHBANK45.5047.001.503.30

Top 7 Losers

SecurityPrevious Close (₦)Close Price (₦)Change price (₦)Change (%) 
UHOMREIT51.2546.15-5.10-9.95
NAHCO69.9062.95-6.95-9.94
NEM13.1011.80-1.30-9.92
LASACO2.131.92-0.21-9.86
ROYALEX0.920.83-0.09-9.78
UPDC2.972.68-0.29-9.76
RTBRISCOE2.161.95-0.21-9.72

Top 7 Traded Stocks by Volume

SecurityClose Price (₦)Number of TradesVolume
ACCESSCORP21.0096656,497,979
GTCO65.9589651,555,522
FIDELITYBK18.5058024,067,010
FCMB9.2540123,346,382
UCAP14.5061223,305,142
ZENITHBANK47.0083017,976,879
UBA34.9574617,004,729

Top 7 Traded Stocks by Value

SecurityClose Price (₦)Number of TradesValue (₦)
GTCO65.958963,430,470,391.35
ACCESSCORP21.009661,185,008,227.90
ZENITHBANK47.00830833,218,598.15
UBA34.95746590,094,036.90
PRESCO785.00214439,290,256.30
FIDELITYBK18.50580431,614,958.65
UCAP14.50612319,858,237.15

OUTLOOK

On the back of strong performances in the banking and oil & gas sectors, the Nigerian equities market recovered from the previous session’s loss. Investors, who had lost over ₦600 billion in market value, saw renewed confidence as market capitalization rebounded. However, the sustainability of this momentum remains uncertain, given the global economic outlook influenced by trade tensions and the ripple effects of key policy shifts by major world powers. Nevertheless, with a cautious investment approach, we project that market performance could remain relatively stable in the short term.

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