Facebook Instagram Twitter Youtube
  • Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Search
Friday, May 30, 2025
  • Home
  • About
  • Adverts
  • Contact
Facebook Instagram Twitter Youtube
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News
      iNews Times

      iNews Times Marks New Era in Journalism, Emerging from The Daily…

      Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa,

      FG Inaugurates Committee on Sale of Emefiele’s 763 Duplexes

      The Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP), Engineer Uzoma Nwagba.

      CREDICORP Facilitates Credit Access for 83,236 Nigerians

      cbn

      Forex Inflows from IMTOs Rise by 44.5%

  • Business
    • Nigerian Stock Exchange, Stock, Nigerian Exchange Limited

      NGX Loses N54bn as Bullish Trading Comes to a Halt

      President Bola Ahmed Tinubu

      Tinubu Orders Reduction in Oil Project Costs

      CBN Governor, Olayemi Cardoso

      Cardoso Honored as Central Bank Governor of the Year

      Dollar Against Naira

      Naira Sheds ₦10 Against Dollar in Parallel Market

      AfDB Projects Naira, Cedi Fall Due to Low Export Earnings

  • Features
    • AllInsightOpinion

      Women Representative Bill: A Crucial Step Towards Inclusive Governance in Nigeria,…

      Central Bank of Nigeria, CBN

      Sanusi, Emefiele, and Cardoso: Three Titans! One CBN! Endless Trials! by…

      Abdul Samad Rabiu

      Two Years of President Tinubu: A Business Perspective, by Abdul Samad…

      Sidi Ould Tah, Outgoing President of Arab Bank for Economic Development in Africa (BADEA)

      The Sidi Tah Doctrine: A Presidential Mandate for Africa’s Next Chapter,…

  • FAAC
    • FAAC

      FAAC: FG, States, LGs Share N1.7tn in February

      Federal Account Allocation Committee FAAC

      FAAC: FG, States, LGs Shared N1.7trn in January

      FAAC

      N13.7trn Federation Account Revenue Unremitted by NNPCL – FAAC

      FAAC

      FAAC Revenue Declines by N303bn in December

      cbn

      Federation Account grew by 7.48% in Q3 2024

  • Financial
    • AllFacts & FiguresMonetaryTax Matters

      Nigeria Spends $1bn to Upgrade Telecom Infrastructure

      Treasury Bills

      CBN Recieves N1.17trn in Bids for Treasury Bills Auction

      Foreign Portfolio Investments

      NGX Sees 91% Drop in Foreign Transactions to N63bn

      Bonds

      FG Seeks N300bn Through Bond Auction

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Sambo Dasuki

      Polo, Politics, and the Dasuki Family

      The immediate-past Director in charge of Executive Secretary’s Office at the National Sugar Development Council (NSDC), Mallam Ahmed M. Waziri.

      Ahmed Musdafa Waziri: A Quintessential Civil Servant at 60, by Abdulrahman…

      PROFILE: Ten Things to Know About New CCB Chairman, Dr Abdullahi…

      CBN's Acting Director of Corporate Communications, Hakama Sidi Ali

      Hakama Sidi-Ali: The CBN’s First Female Spokesperson and Reputation Management

      Aisha Rimi

      PROFILE: Aisha Rimi, a Square Peg in NIPC’s Square Hole

  • Special Focus
    • Point of Sale Transaction (PoS)

      SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of…

      SPECIAL REPORT: Sickle Cell Awareness- A Public Health Imperative for Nigeria,…

      Governor Abba Yusuf of Kano, President Tinubu of Nigeria and Governor Sim Fubara of Rivers

      Shambolic Local Elections: Are Governors Setting ‘Standard’ for Tinubu’s 2027 Re-Election…

      Obamodi Oluwadamilola Faith

      Palliatives Distribution: A Culture FG Must Stop By Obamodi Oluwadamilola Faith

      health care sector

      EXCLUSIVE: How Health Ministry Scuttled Plot to Frustrate Multi-billion Naira Malaria…

Home Business NGX Loses N54bn as Bullish Trading Comes to a Halt
  • Business

NGX Loses N54bn as Bullish Trading Comes to a Halt

By
economic Confidential
-
May 30, 2025
Nigerian Stock Exchange, Stock, Nigerian Exchange Limited
Nigerian Stock Exchange

NGX Loses N54bn as Bullish Trading Comes to a Halt 

Your browser does not support the video tag.

 

The Nigerian Exchange Limited (NGX) lost N54bn in market capitalisation at the close of trading on Thursday, 29 May 2025, ending its recent bullish streak despite a positive breadth with 41 gainers against 24 losers.

Market capitalisation dipped to N70.50tn from N70.56tn in the previous session, while the All-Share Index declined by 84.53 points, or 0.08 per cent, to close at 111,818.08.

The downturn in the market came despite improved trading activity, as investors exchanged 556.4 million shares worth N17.17bn in 18,505 deals, marking a nine per cent increase in volume and an 11 per cent rise in the number of deals compared to the previous session.

Mutual Benefits Assurance led the gainers’ chart with a 10 per cent increase to close at N1.10 per share. University Press rose by 9.98 per cent to N6.17, and Academy Press appreciated by 9.88 per cent to N4.45, while SCOA Nigeria and Livestock Feeds gained 9.62 per cent and 9.58 per cent, respectively.

Read Also:

  • Cardoso Honored as Central Bank Governor of the Year
  • Women Representative Bill: A Crucial Step Towards Inclusive Governance in Nigeria, by Nafisat Bello
  • Sanusi, Emefiele, and Cardoso: Three Titans! One CBN! Endless Trials! by  Zekeri Idakwo Laruba

On the flip side, NPF Microfinance Bank emerged as the worst-performing stock, shedding 11.52 per cent to close at N2.15. Seplat and Legend Internet both declined by 10 per cent, while Abbey Mortgage Bank fell by 9.9 per cent to N6.19.

United Bank for Africa topped the volume chart with 82.6 million shares, followed by Fidelity Bank with 70.6 million, Nigerian Breweries with 37.2 million, and Tantalizers with 36.3 million shares.

In terms of sectoral performance, the Consumer Goods Index led the gainers with a 0.94 per cent rise, while the Banking Index rose by 0.3 per cent and the Main Board Index added 0.59 per cent.

The Industrial Index remained flat, while the

The Insurance Index dropped 0.17 per cent.

Despite the loss, the ASI has posted a one-week gain of 2.41 per cent, a four-week gain of 5.69 per cent, and a year-to-date return of 8.64 per cent.

Economic Confidential reported that the Nigerian Exchange extended its bullish run on Wednesday, gaining N187bn in market capitalisation, driven by increased trading activity and positive investor sentiment.

spokesperson
PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • Bullish Trading
  • Market Capitalisation
  • Nigerian Exchange Limited (NGX)
  • Stock
Previous articleTinubu Orders Reduction in Oil Project Costs
<a Href="https://economicconfidential.com/byline/economic-confidential/" Rel="tag">economic Confidential</a>
economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

President Bola Ahmed Tinubu
Business

Tinubu Orders Reduction in Oil Project Costs

CBN Governor, Olayemi Cardoso
Business

Cardoso Honored as Central Bank Governor of the Year

Dollar Against Naira
Business

Naira Sheds ₦10 Against Dollar in Parallel Market

Business

AfDB Projects Naira, Cedi Fall Due to Low Export Earnings

President Bola Ahmed Tinubu
Business

Debt Servicing Drops to 40% as States’ Revenue Rises to N6trn – Tinubu

President Bola Ahmed Tinubu Cop
Business

FG to Implement More Reforms to Strengthen Economy, Says Tinubu

Recent Posts

  • NGX Loses N54bn as Bullish Trading Comes to a Halt
  • Tinubu Orders Reduction in Oil Project Costs
  • Cardoso Honored as Central Bank Governor of the Year
  • Women Representative Bill: A Crucial Step Towards Inclusive Governance in Nigeria, by Nafisat Bello
  • Sanusi, Emefiele, and Cardoso: Three Titans! One CBN! Endless Trials! by  Zekeri Idakwo Laruba

EDITOR PICKS

President Bola Ahmed Tinubu

Tinubu Orders Reduction in Oil Project Costs

Business May 30, 2025
CBN Governor, Olayemi Cardoso

Cardoso Honored as Central Bank Governor of the Year

Business May 30, 2025

Women Representative Bill: A Crucial Step Towards Inclusive Governance in Nigeria,...

Opinion May 30, 2025

POPULAR POSTS

Nigerian Maritime

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business13262
  • Monetary3024
  • News2901
  • Featured Post2765
  • Financial2715
  • Editors Pick2175
  • National News1955
  • Opinion1698
  • Features865
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: [email protected]
FOLLOW US
Facebook Instagram Twitter Youtube
© 2017 Economic Confidential . All Rights Reserved.
Latest News
Tinubu Orders Reduction in Oil Project CostsCardoso Honored as Central Bank Governor of the YearWomen Representative Bill: A Crucial Step Towards Inclusive Governance in Nigeria, by Nafisat BelloSanusi, Emefiele, and Cardoso: Three Titans! One CBN! Endless Trials! by  Zekeri Idakwo LarubaiNews Times Marks New Era in Journalism, Emerging from The Daily Vendor's LegacyTwo Years of President Tinubu: A Business Perspective, by Abdul Samad RabiuThe Sidi Tah Doctrine: A Presidential Mandate for Africa's Next Chapter, by Chinedu MoghaluNigeria Customs and the Shaping of Africa's Economic Destiny, by Tahir AhmadNaira Sheds ₦10 Against Dollar in Parallel MarketAfDB Projects Naira, Cedi Fall Due to Low Export EarningsDebt Servicing Drops to 40% as States’ Revenue Rises to N6trn - TinubuFG to Implement More Reforms to Strengthen Economy, Says TinubuFG’s Sukuk Highest Subscription Records 735% to N2.21tn in 2025 - DMOInvestors Gain N187bn in Market Capitalisation Power: NERC Issues Fresh Guidelines on Third-party Revenue Collection
X whatsapp