Market Dips, ₦445Bn Lost In Capitalization.

Trading activities in the Nigerian Equities market closed negative at the end of today, Wednesday (16/04/2025), as the NGX-ASI decreased to 103,851.88 from 104,580.44 recorded at the close of the previous trading day, indicating a YTD return of +0.90%.

Similarly, the market capitalization decreased by ₦445 billion to ₦65.259 trillion from ₦65.717 trillion recorded at the previous trading day’s close. However, the market turnover increased to ₦13.711 billion from ₦10.696 billion.

The market breadth was positive at 1.25X, as 25 stocks advanced, 20 stocks declined, and 75 stocks remained unchanged. ABBEYBDS topped the gainers’ list with 9.99%, while IMG declined by 10.00% to lead the losers’ chart.

ACCESSCORP recorded the highest volume while GEREGU recorded the highest value for the day.

Read: NGX Price List for Wednesday, 16th April 2025

MARKET STATISTICS

CAP (₦)65,259,444,954,047.21One Day (ASI CHG)-0.68%
Index103,851.88One Week (ASI CHG)-0.32%
Volume351,655,167One Month (ASI CHG)-1.84%
Value (₦)13,710,519,526.98Six Months (ASI CHG)+5.74%
Deals12,14152 Weeks (ASI CHG)+3.95%
Gainers25Losers20
Unchanged75Total120
 YTD Returns+0.90% 

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange (%) 
ASI -0.68
NGX30 -0.72
NGXBNK -4.67
NGXCNSMRGDS+0.34
NGXINDUSTR 0.00
NGXINS+0.80
NGXLOTUSISLM 0.00
NGXOILGAS -0.05

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)Change (%)
ABBEYBDS7.418.150.749.99
SOVRENINS0.910.980.077.69
NGXGROUP31.5033.802.307.30
FIDELITYBK17.0518.201.156.74
DEAPCAP0.900.960.066.67
ELLAHLAKES3.173.380.216.62
ROYALEX0.810.860.056.17

Top 7 Losers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)Change (%)
IMG38.0034.20-3.80-10.00
GUINEAINS0.630.57-0.06-9.52
UPDCREIT6.105.60-0.50-8.20
DAARCOMM0.630.58-0.05-7.94
CILEASING3.803.50-0.30-7.89
CUSTODIAN17.8016.80-1.00-5.62
PRESTIGE1.040.99-0.05-4.81

Top 7 Traded Stocks by Volume

SecurityClose Price (₦)Number of TradesVolume
ACCESSCORP21.501,43768,201,583
GTCO59.0070336,780,043
FCMB9.1033228,772,961
UBA31.7058926,399,228
CHAMS2.0016424,622,367
ZENITHBANK44.0086313,962,750
FIDELITYBK18.2042112,751,128

Top 7 Traded Stocks by Value

SecurityClose Price (₦)Number of TradesValue (₦)
GEREGU1,141.50695,137,485,960.20
GTCO59.007032,171,894,084.15
ACCESSCORP21.501,4371,487,026,613.20
UBA31.70589830,870,422.75
ZENITHBANK44.00863616,946,286.70
ARADEL497.00286576,258,573.90
NB32.95100340,983,169.45

OUTLOOK

Profit-taking sentiment dragged the market into another negative close, erasing previous session gains. Market volatility persists as the country grapples with economic uncertainties and adjustments in macroeconomic parameters like the inflation rate. The volatility is expected to continue as investors trade cautiously.

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