Equities market drops by N1.06trn, highest so far in 2025
The equities market on Tuesday declined by N1.06 trillion, making it the highest decline in 2025 amid losses in Dangote Cement Plc and 40 others.
The All-Share Index (ASI) lost 1,745.16 points, representing a loss of 1.66 per cent to close at 103,622.09 points. Also, market capitalisation declined by N1.064 trillion to close at N63.188 trillion.
As measured by market breadth, market sentiment was negative, as 23 stocks gained relative to 41 losers. Northern Nigeria Flour Mills (NNFM) emerged the highest price gainer of 10 per cent to close at N45.10, per share. Livestock Feeds followed with a gain of 9.91 per cent to close at N6.10, while Academy Press advanced by 9.90 per cent to close at N3.22, per share.
University Press rose by 9.82 per cent to close at N4.81, while NEIMETH International Pharmaceuticals appreciated by 9.76 per cent to close at N3.15, per share.
On the other side, Honeywell Flour Mills led others on the losers’ chart with 10 per cent to close at N9.54, while Julius Berger and Dangote Cement followed with a decline of 9.98 per cent each to close at N139.80 and N431.00 respectively, per share.
Sovereign Trust Insurance lost 9.68 per cent to close at N1.12, while Prestige Assurance depreciated by 9.30 per cent to close at N1.17, per share.
