The Nigerian Exchange (NGX) suffered a significant loss of N183 billion on Tuesday, June 17, 2025, as bearish sentiments dominated the market, causing several blue-chip stocks to plummet into negative territory.
Market Performance:
- The All-Share Index dropped by 348.61 points, representing a 0.3% decline, to close at 114,910.16.
- Market capitalization decreased from N72.7 trillion to N72.5 trillion, reflecting a loss of N183 billion in investor value.
Trading Activity:
- A total of 787,305,500 shares valued at N25.67 billion were traded in 23,170 deals, showing a 9% increase in volume and a 17% rise in turnover.
- Despite the increase in trading activity, the overall market mood remained negative.
Top Gainers and Losers:
- Top Gainers:
- C and I Leasing: 10% gain to close at N4.62 per share
- Learn Africa: 10% increase to close at N4.18 per share
- Mutual Benefits Assurance: 10% gain to settle at N1.10 per share
- Top Losers:
- Transcorp Power: 9.98% loss to close at N295.70 per share
- Oando: 9.97% decline to close at N58.25 per share
- Ellah Lakes: 9.87% drop to close at N4.29 per share
Key Indices Performance:
- The Top 30 Index declined by 0.28%.
- The Banking Index fell by 0.2%.
- The Pension Index rose by 0.43%, indicating interest from institutional investors.
- The Insurance Index increased by 0.4%, while the Industrial Index gained 0.16%.
Year-to-Date Performance:
- Despite the day’s losses, the NGX All-Share Index posted a one-week gain of 0.26%, a four-week gain of 4.97%, and a year-to-date return of 11.64%.