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 capitalization, which opened at N63.203 billion, lost N152 billion, or 0.24 percent, to close at N63.051 billion.
Notably, losses by Zenith Bank, United Bank for Africa (UBA), Access Corporation, Oando Plc, Dangote Sugar and Nigerian Breweries, along with other declining stocks, pushed the market to the brink.
The All-Share Index also lost 0.24 percent, or 249.42 points, to close at 103,398.82, compared with 103,648.24 recorded on Monday.
As a result, the year-to-date (YTD) return decreased to 0.46 percent.
The market closed in the red with 51 losers and 18 gainers.
Tuesday’s trading analysis showed that Cocoa, RT Briscoe and Veritas Kapital led the losers’ chart with 10% each to close at N1.80, N2.70 and N1.53 per share respectively.
Sunu Assurances and Cornerstone Insurance declined by 9.98% 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% 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 closer look at market activity revealed higher trading volume compared to the previous session as the value of transactions increased by 10.48%.
A total of 1.11 billion shares worth N14.64 billion were traded in 16,617 deals compared to 855.97 million shares worth N13.25 billion traded in 16,505. transactions.
Meanwhile, FBN Holdings topped the trading chart in terms of volume and value with 161.46 million shares in deals valued at N4.72 billion.
