The Nigerian Exchange market recorded its first loss in 2025 as investors shed N152 billion following sell-offs of Tier-one banking stocks.
The market capitalisation, which opened at N63.203 trillion, lost N152 billion, or 0.24 percent, to close at N63.051 trillion.
Notably, losses in Zenith Bank, United Bank for Africa (UBA), Access Corporation, Oando Plc, Dangote Sugar, and Nigerian Breweries, alongside other declined equities, pushed the market on the negative side.
The All-Share Index also lost 0.24 percent, or 249.42 points, to close at 103,398.82, against 103,648.24 recorded on Monday.
As a result, the Year-To-Date (YTD) return decreased to 0.46 percent.
Market breadth closed negative with 51 losers and 18 gainers.
Analysis of Tuesday’s trading showed that Cocoa, RT Briscoe, and Veritas Kapital led the losers’ table by 10 percent each to close at N1.80, N2.70, and N1.53 per share, respectively.
Sunu Assurances and Cornerstone Insurance dropped 9.98 percent each to close at N10.01 and N4.15 per share, respectively.
On the gainers’ side, Abbey Mortgage Bank and PZ Nigeria led by 10 percent each to close at N3.63 and N27.50 per share, respectively.
Learn Africa followed by 9.90 percent to close at N5.44, NCR Nigeria added 9.77 percent to close at N7.30, and NGX Group gained 9.72 percent to close at N29.90 per share.
Similarly, a deeper look at the market activities revealed a higher trade turnover compared to the previous session, with transaction value rising by 10.48 percent.
A total of 1.11 billion shares valued at N14.64 billion were exchanged in 16,617 deals, compared with 855.97 million shares valued at N13.25 billion traded in 16,505 deals.
Meanwhile, FBN Holdings led the activity chart in volume and value with 161.46 million shares in deals of N4.72 billion.
