Forty-five stocks in the Nigerian stock market triggered a significant N781 billion loss for investors on the Nigerian Exchange Limited (NGX) on Thursday, marking the third consecutive bearish close this week.
A detailed breakdown revealed that International Energy Insurance, Thomas Wyatt Nigeria, Veritas Kapital Assurance, BUA Cement, University Press, and 40 other stocks contributed to the market's continued downward trend.
The market capitalization declined by N781 billion, representing a 0.87 percent drop, closing at N88.783 trillion from the previous day's N89.564 trillion. Simultaneously, the All-Share Index fell by 1,233.87 points (0.87 percent) to 140,332.44 from Wednesday's 141,566.31.
Market breadth also closed negative with 45 losers overwhelming the 17 gainers. University Press, Thomas Wyatt Nigeria, International Energy, Veritas Kapital, and BUA Cement topped the losers' table, while Skye Shelter Fund, Jaiz Bank, Secure Electronic Technology, Omatek, and CHAMS led the gainers.
Thursday's trading activities showed further decline in market volume, value, and deals, with 573.75 million shares valued at N12.88 billion exchanged across 25,881 transactions. This represents a decrease from Wednesday's 721.82 million shares valued at N12.94 billion traded across 28,745 transactions.
Despite the current bearish trend, the NGX had recorded impressive growth in previous months, with a 133.09 percent transaction surge from N778.6 billion in June 2025 to N1.8 trillion in July 2025. Equity transactions also reached a record high of N6 trillion in July, doubling the N3 trillion transacted throughout the entire 2024.
Market analysts suggest investors should monitor these fluctuations closely as they may present both challenges and opportunities in the coming trading sessions.
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