Equities Market Extends Losing Streak, Sheds N35bn

Trading activities in the Nigerian Equities market closed negative at the end of today, Thursday (20/03/2025), as the NGX-ASI decreased to 104,858.77 from 104,915.13 recorded at the close of the previous trading day, indicating a YTD return of +1.22%.

Similarly, the market capitalization decreased by ₦35 billion to ₦65.754 trillion from ₦65.790 trillion recorded at the previous trading day’s close. Also, the market turnover decreased to ₦6.247 billion from ₦12.375 billion.

The market breadth was negative at 0.50X as 14 stocks advanced and 28 stocks declined, while 77 stocks remained unchanged. CWG topped the gainers’ list with 9.64%, while LIVESTOCK declined by 9.57% to lead the losers’ chart.

FIDELITYBK recorded the highest volume and ZENITHBANK recorded the highest value for the day.

Read: NGX Price List for Thursday, 20th March 2025

MARKET STATISTICS

CAP (₦)65,754,180,276,488.57One Day (ASI CHG)-0.05%
Index104,858.77One Week (ASI CHG)-1.28%
Volume310,527,528One Month (ASI CHG)-2.61%
Value (₦)N6,247,895,029.17Six Months (ASI CHG)+7.34%
Deals10,18252 Weeks (ASI CHG)+0.45%
Gainers14Losers28
Unchanged77Total119
 YTD Returns+1.22% 

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange (%) 
ASI-0.05
NGX30-0.02
NGXBNK-0.43
NGXCNSMRGDS-0.27
NGXINDUSTR+0.39
NGXINS 0.00
NGXLOTUSISLM+0.13
NGXOILGAS 0.00

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)Change(%)
CWG8.39.10.89.64
VERITASKAP1.071.160.098.41
DEAPCAP0.920.990.077.61
WAPIC2.352.450.14.26
WEMABANK10.5510.80.252.37
LINKASSURE1.271.30.032.36
NB32.533.150.652.00

Top 7 Losers

SecurityPrevious Close(₦)Close Price(₦)Change Price(₦)%Change
LIVESTOCK8.467.65-0.81-9.57
ROYALEX0.850.78-0.07-8.23
CUSTODIAN21.520-1.5-6.98
UPDC3.052.86-0.19-6.23
CHAMS2.132.02-0.11-5.16
AIICO1.571.5-0.07-4.46
ELLAHLAKES3.143-0.14-4.46

Top 7 Traded Stocks by Volume

SecurityClose Price(₦)Number of TradesDaily Volume
FIDELITYBK17 44640,031,448
VERITASKAP1.16 17237,176,172
NB33.15 16127,011,542
ZENITHBANK46.85 60622,905,741
ACCESSCORP22 66120,983,707
TANTALIZER3.2 18113,852,712
CWG9.1 12811,710,511

Top 7 Traded Stocks by Value

SecurityClose Price(₦)Number of TradesDaily Value(₦)
ZENITHBANK46.85 6061,072,397,430.60
NB33.15 161890,075,410.55
FIDELITYBK17 446672,792,596.50
ACCESSCORP22 661464,011,852.65
UBA34.8 388358,491,577.50
ARADEL522 266337,135,058.40
SEPLAT5700 46277,507,350.00

OUTLOOK

The equities market in Nigeria has continued its downward trend, extending its losing streak with a significant decline. The downturn in the market has raised concerns among investors, who are watching their portfolios shrink in value. The decline has been attributed to a combination of factors, including economic uncertainty and a lack of confidence in the market.

We anticipate a market recovery and are positioned for a strong rebound.

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