Gaze why Nigeria inventory market story first loss after 27 consecutive procuring and selling days

• The Nigerian Replace ended final week with its first loss after several weeks of consecutive positive aspects
• On the final procuring and selling day, Abbey Mortgage Bank, Custodian Investment, Deep Capital and the Initiates led the losers desk
• The losers’ desk involves Champion Breweries, AIICO Insurance, Sterling Holdings and Mutual Advantages

Legit.ng journalist Dave Ibemere has over a decade of abilities in enterprise journalism, with in-depth recordsdata of the Nigerian financial system, stocks, and classic market trends.

The Nigerian Replace (NGX) Restricted, for the first time in 27 consecutive days, recorded a decline on Friday, August 8.

This true performance within the earlier procuring and selling days used to be disrupted by income-taking in MTN Nigeria, BUA Cement, Lafarge Africa, Abbey Mortgage Bank, and 25 diverse equities.

Data from NGX showed that at the shut of procuring and selling, the All-Share Index (ASI) fell by 0.56% or 815.80 parts to 145,754.91 parts from 146,570.71 parts the earlier day.

Whereas market capitalisation gotten smaller by N516 billion to N92.215 trillion from N92.731 trillion.

On Friday, merchants traded 2.2 billion shares valued at N32.4 billion in 35,036 affords, when in contrast with 2.0 billion shares price N27.3 billion in 35,291 affords on Thursday.

This represents a 10.00% like bigger in volume and an 18.68% like bigger in price, alongside a 0.72% decline within the choice of affords.

In spite of the downturn, Customs Avenue recorded 42 price gainers against 29 price losers, indicating a particular market breadth index and true investor sentiment.

High losers on Friday incorporated:

• Abbey Mortgage Bank: Fell 9.87% to N6.30
• Custodian Investment: Dropped 8.48% to N40.Forty five
• Deap Capital: Declined 7.53% to N1.35
• The Initiates: Lost 7.34% to N12.00
• NPF Microfinance Bank: Shed 7.25% to N3.20

High gainers incorporated:

• Champion Breweries: Rose 10.00% to N14.41
• Union Dicon: Acquired 10.00% to N9.90
• Neatly-liked Insurance: Added 10.00% to N1.10
• Guinness Nigeria: Elevated 9.ninety 9% to N155.75
• AXA Mansard: Grew 9.ninety 9% to N14.64

Sector performance

The industrial goods sector dropped 1.54%, while the particular person goods index dipped 0.02%. The commodity index closed flat.

The insurance protection sector maintained its certain momentum, rising 16.11%. The vitality index improved 0.38%, and the banking index grew 0.19%.

Most actively traded equities:

• Linkage Assurance: 585.6 million objects price N1.2 billion
• Neatly-liked Insurance: 213.2 million objects price N234.5 million
• AIICO Insurance: 178.5 million objects price N618.1 million
• Mutual Advantages: 137.8 million objects price N402.5 million
• Sterling Holdings: 115.3 million objects price N927.4 million

High performing banking stocks in 2025

Earlier, Legit.ng reported that the Nigerian inventory market used to be having one amongst its greatest performances but in latest history.

For 21 consecutive procuring and selling days, the NGWordsX posted certain performance. In July alone, over N12 trillion in additional market capitalisation used to be recorded.

The banking sector played a wide role in this true performance, delivering sturdy returns in 2025.

Source: Legit.ng