Investors in Nigerian Exchange Limited shed N48 billion to end the week on a bearish note Friday, 30 May, 2025 as NGX data showed that stocks’ key performance indicators dipped by 0.07 percent.
Accordingly, the market capitalisation declined by 0.07 percent, or N48 billion, to close at N70.462 trillion from N70.510 trillion recorded on Thursday, 29 May, 2025.
The All-Share Index also dropped by 0.07 percent, or 76.07 points, to close at 111,742.01, down from 111,818.08 posted on Thursday, 29 May, 2025.
The downward trend was attributed to sell-offs in stocks like Beta Glass, NCR Nigeria, Conoil, Legend Internet, and 33 others.
Consequently, market breadth closed negative with 37 stocks declining against 28 gainers.
On the losers table, Beta Glass declined by 10 percent, closing at N232.65, while NCR Nigeria also lost 10 percent, finishing at N6.57 per share.
Conoil dropped by 9.99 percent, settling at N298.10, and Legend Internet fell by 9.94 percent, closing at N6.16 per share.
Also, Industrial Medical Gases shed 9.91 percent, ending the session at N33.65 per share.
On the flip side, Omatek grew by 9.86 percent, settling at 78k, while Red Star Express climbed by 9.62 percent, closing at N8.32 per share.
Deap Capital Management rose by 9.38 percent, finishing at N1.05, and Sovereign Trust Insurance soared by 9.09 percent, ending the session at N1.08 per share.
May & Baker also increased by 8.26 percent, closing at N11.80 per share.
A further analysis showed that a total of 1.90 billion shares valued at N64.14 billion were traded across 18,653 transactions, in contrast to the 556.45 million shares worth N17.17 billion exchanged across 18,505 deals on Thursday.
Transactions in the shares of United Bank for Africa topped the activity chart with 1.41 billion shares worth N49.02 billion.
United Capital followed with 66.84 million shares valued at N1.32 billion, while Access Corporation sold 53.97 million shares worth N1.19 billion.
Fidelity Bank traded 31.38 million shares valued at N606.09 million, and Zenith Bank transacted 29.93 million shares worth N1.46 billion.
