Peek extra as Nigerian stock investors originate up current week with over N200 billion loss

• The Nigerian stock market on Monday recorded a uncomfortable efficiency as investors lost N297 billion
• Files confirmed that shares bask in E-Tranzact Worldwide and varied most predominant decliners drove the run into the pink zone
• Tantalizers, VFD Group, Procure entry to Holdings, Zenith Financial institution and insurance company AIICO had been mostly traded shares.

Legit.ng journalist Dave Ibemere has over a decade of commerce journalism abilities with in-depth data of the Nigerian financial system, shares, and total market traits.

Nigeria’s equities market opened the week on a adversarial prove because the benchmark index declined by 0.24% on Monday, Also can 12, 2025, wiping out about N297 billion from investors’ wealth amid income taking.

Files from the Nigerian Trade Little (NGX) confirmed that the market All-Fragment Index (ASI) fell to 108,261.47 points from the outdated shut of 108,733.4 points.

While market capitalisation moreover declined, dropping from N68.339 trillion to N68.042 trillion.

Analysts at Futureview Research had forecast a blended session for the week, citing income-taking and inflation concerns, whereas moreover pointing to stable Q1 earnings and undervalued shares as skill reinforce for investor sentiment.

In a prove, it stated:

“Having a scrutinize forward, the equities market also can simply be blended as investors await the MPC’s resolution subsequent week.

“The elevated hobby rate ambiance and retail investors’ income reserving would possibly presumably dampen momentum,” Futureview stated in a prove.”

How stock market performed on Monday

Monday’s trading saw 414.57 million shares price N10.72 billion exchanged in 16,664 offers. Tantalizers, VFD Group, Procure entry to Holdings, Zenith Financial institution, and AIICO Insurance ranked among the many most actively traded shares.

Here’s a snapshot of Monday actions.

High gainers

• Multiverse Mining and Exploration Plc won N1.00, rising from N10.00 to N11.00 per fragment (+10.00%).
• Smurfit Print Nigeria Plc won N0.05, titillating from N0.50 to N0.55 per fragment (+10.00%).
• Meyer Plc won N0.80, rising from N8.00 to N8.80 per fragment (+10.00%).
• Beta Glass Plc rose by N16.05, mountain climbing from N160.65 to N176.70 per fragment (+9.99%).
• Honeywell Automation and Management Ltd (HMCALL) won N0.42, rising from N4.25 to N4.67 per fragment (+9.88%).

High losers

• eTranzact Worldwide Plc declined by N0.60, falling from N6.00 to N5.40 per fragment (−10.00%).
• John Holt Plc dropped N0.55, decreasing from N5.80 to N5.25 per fragment (−9.forty eight%).
• Union Dicon Salt Plc lost N0.80, titillating from N8.45 to N7.65 per fragment (−9.47%).
• C&I Leasing Plc declined by N0.35, dropping from N4.21 to N3.86 per fragment (−8.31%).
• Linkage Assurance Plc lost N0.10, decreasing from N1.24 to N1.14 per fragment (−8.06%).

High active trades

• Tantalizers Plc recorded a turnover of 49.19 million shares valued at N113.21 million.
• VFD Group Plc traded forty eight.88 million shares price N782.31 million.
• Procure entry to Holdings Plc exchanged 29.43 million shares valued at N629.38 million.
• Zenith Financial institution Plc recorded 24.32 million shares price N1.18 billion.
• AIICO Insurance Plc traded 19.11 million shares, amounting to N30.98 million.

Naira bounces lend a hand in opposition to buck

Earlier, Legit.ng reported that the naira liked in opposition to the United States buck in the official foreign commerce market.

The present commerce rate comes on the lend a hand of consecutive losses for the naira all one of many most life like ways thru all markets.

Stress on the naira in opposition to the US buck in the parallel market persevered as BDC traders elevated commerce charges.

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Proofreading by James Ojo, copy editor at Legit.ng.

Provide: Legit.ng