Market Sheds ₦47bn As CONOIL, 31 Others Decline

Trading activities in the Nigerian Equities market closed negative at the end of today, Wednesday (12/03/2025), as the NGX-ASI decreased to 106,090.38 from 106,164.64 recorded at the close of the previous trading day, indicating a YTD return of +3.65%.

Similarly, the market capitalization decreased by ₦47 billion to ₦66.436 trillion from ₦66.483 trillion recorded at the previous trading day’s close. However, the market turnover increased to ₦10.259 billion from ₦7.762 billion.

The market breadth was negative at 0.59X as 19 stocks advanced and 32 stocks declined, while 71 stocks remained unchanged. TANTALIZER topped the gainers’ list with 9.79%, while CONOIL declined by 10.00% to lead the losers’ chart.

SOVRENINS recorded the highest volume and MTNN recorded the highest value for the day.

Read: NGX Price List for Wednesday,12th March 2025

MARKET STATISTICS

CAP (₦)66,436,361,873,976.85One Day (ASI CHG) -0.07
Index106,090.38One Week (ASI CHG)-0.33%
Volume1,498,849,693One Month (ASI CHG)+0.19%
Value (₦)10,259,146,249.78Six Months (ASI CHG)+10.27%
Deals11,74852 Weeks (ASI CHG)+2.00%
Gainers19Losers32
Unchanged71Total122
 YTD Returns+3.65% 

Source: Ngxgroup.com, GTI Research

Sector Performance

SecurityChange (%) 
ASI-0.07
NGX30-0.08
NGXBNK 0.25
NGXCNSMRGDS-0.23
NGXINDUSTR 0.00
NGXINS-0.22
NGXLOTUSISLM 0.13
NGXOILGAS-0.56

Top 7 Gainers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)Change (%)
TANTALIZER2.863.140.289.79
NSLTECH0.620.680.069.68
CAVERTON2.753.000.259.09
FTNCOCOA1.691.800.116.51
JAIZBANK3.313.510.206.04
LINKASSURE1.141.200.065.26
CORNERST3.193.330.144.39

Top 7 Losers

SecurityPrevious Close (₦)Close Price (₦)Change Price (₦)Change (%)
CONOIL368.00331.20-36.80-10.00
BERGER20.9018.85-2.05-9.81
INTENEGINS1.941.75-0.19-9.79
MULTIVERSE8.807.95-0.85-9.66
REGALINS0.690.63-0.06-8.70
UNIVINSURE0.610.56-0.05-8.20
LEARNAFRCA3.633.35-0.28-7.71

Top 7 Traded Stocks by Volume

SecurityClose Price (₦)Number of TradesVolume
SOVRENINS1.0078989,732,865
JAIZBANK3.51191187,353,653
NSLTECH0.6819643,511,622
ZENITHBANK47.7560622,810,165
UCAP19.3045718,281,718
FCMB9.6023117,320,966
UNIVINSURE0.567215,643,160

Top 7 Traded Stocks by Value

SecurityClose Price (₦)Number of TradesValue (₦)
MTNN245.004572,687,584,784.60
ZENITHBANK47.756061,085,315,758.80
SOVRENINS1.0078987,477,079.28
JAIZBANK3.51191628,093,386.48
ARADEL535.00248511,625,046.40
NB31.0085435,637,856.10
ACCESSCORP23.90564371,573,986.95

OUTLOOK

The market extended its losses from the previous session as mixed sentiment persisted across trading activities. This trend is expected to continue, driven by cautious investor positioning and sector-specific fluctuations.

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