Wednesday, 15 January 2025 04:37

Nigerian stock market loses N1.1trn in major selloff

Rate this item
(0 votes)

The Nigerian Exchange Limited (NGX) experienced a significant decline yesterday as investors lost N1.1 trillion in a broad market selloff affecting 41 stocks. The All-Share Index fell by 1,745.16 points (1.66%) to close at 103,622.09, while the market's total value dropped to N63.188 trillion.

Major companies, including Dangote Cement, Julius Berger Nigeria, and MTN Nigeria Communications, led the downturn. The market showed overall negative sentiment, with 41 stocks declining compared to just 23 gainers.

Among the top performers, Northern Nigeria Flour Mills led with a 10% gain, closing at N45.10. Other notable gainers included Livestock Feeds (+9.91%) and Academy Press (+9.90%). On the losing side, Honeywell Flour Mills saw the steepest decline of 10%, closing at N9.54, while both Julius Berger and Dangote Cement fell by 9.98%.

Trading volume increased slightly by 1.1% to 511.157 million units, with a total value of N12.759 billion across 13,052 transactions. Guaranty Trust Holding Company (GTCO) was the most actively traded stock, with 54.352 million shares worth N3.152 billion changing hands, followed by Nigerian Breweries with 32.198 million shares valued at N1.029 billion.

The market decline reflects broader investor concerns, with significant pressure on large and medium-sized companies across various sectors of the Nigerian economy.​​​​​​​​​​​​​​​​

March 12, 2025

Nigeria's car imports fell 14.3% in 2024 amid economic woes

Nigeria experienced a significant decline in passenger vehicle imports in 2024, with total import value…
March 13, 2025

Everything is transactional and the slogan is ‘It is my turn to chop’, Obasanjo slams…

Former President Olusegun Obasanjo has described the N15.6tn Lagos-Calabar Coastal highway project as wasteful and…
March 13, 2025

Illegal working in UK was unbearable, migrant says

Josie Hannett & Alex Bish An Albanian national who travelled to the UK illegally has…
March 01, 2025

Man offers to split $525,000 jackpot with thieves who stole his credit card to buy…

A Frenchman appealed to the homeless thieves who stole his credit card to buy a…
March 11, 2025

Gunmen launch deadly attacks in Ondo and Kebbi, leaving dozens dead

In a series of violent attacks across Nigeria, gunmen and terrorists have left a trail…
March 13, 2025

What to know after Day 1113 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Ukrainian forces encircled in Kursk Region – Russia’s top general Ukrainian forces in…
March 12, 2025

From chatbots to intelligent toys: How AI is booming in China

Laura Bicker Head in hands, eight-year-old Timmy muttered to himself as he tried to beat…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.