See biggest losers as Stock Market investors record over N500bn loss in one week

• The Nigerian banal marketplace closed the week connected Friday with the archetypal summation successful consecutive trading days of losses
• The latest depreciation pushed the full nonaccomplishment recorded wrong the week to N500 billion, arsenic marketplace sentiment remained weak
• Friday's nonaccomplishment was led by Red Star Express, Learn Africa, E-Tranzact International, and Wapic Insurance

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian banal marketplace ended Friday, March 21, 2025, with a full nonaccomplishment of N532 cardinal successful 1 week.

On Friday, the marketplace recorded the lone summation during the week aft 4 consecutive days of antagonistic trading.

Nigerian banal marketplace ends week with implicit N500 cardinal loss Photo credit: Bloomberg/contributor
Source: Getty Images

Weekly banal show

Analysis of information from the Nigerian speech showed that the marketplace sustained merchantability unit and kept activities astatine the section bourse subdued.

The banal marketplace decreased by 0.94% successful the reappraisal trading week, portion this period the marketplace has decreased by 2.65%.

A year-to-date instrumentality besides moderated to +1.98% arsenic of Friday, March 21.

Industrial, banking, insurance, lipid & state stocks were mostly sold portion user goods stocks were mildly successful request astatine the NGX.

Here is simply a snapshot of marketplace show connected Friday

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities marketplace capitalisation which started the week astatine 105,955.13 points and N66.351 trillion respectively closed astatine 104,962.96 points and N65.819trillion.

Top Losers

• Red Star Express Plc declined by N0.53 (-9.91%), dropping from N5.35 to N4.82.
• Learn Africa Plc mislaid N0.33 (-9.85%), falling from N3.35 to N3.02.
• eTranzact International Plc dropped N0.50 (-9.43%), from N5.30 to N4.80.
• Wapic Insurance Plc decreased by N0.23 (-9.39%), moving from N2.45 to N2.22.
• Ikeja Hotel Plc mislaid N1.00 (-9.35%), declining from N10.70 to N9.70.

Top gainers

• Linkage Assurance Plc led with a 10.00% increase, rising from N1.30 to N1.43.
• Livestock Feeds Plc gained N0.76 (9.93%), climbing from N7.65 to N8.41.
• Mutual Benefits Assurance Plc added N0.06 (9.84%), moving from N0.61 to N0.67.
• United Bank for Africa (UBA) Plc roseate by N2.00 (5.75%), from N34.80 to N36.80.
• Oando Plc gained N2.70 (5.59%), expanding from N48.30 to N51.00.

Traded Stocks (by measurement and value)

• Fidelity Bank Plc recorded the highest volume, trading 62.27 cardinal shares, valued astatine N1.06 billion.
• Access Holdings Plc followed, with 38.33 cardinal shares exchanged, worthy N843.68 million.
• Tantalizers Plc saw 31.99 cardinal shares traded, amounting to N99.18 million.
• Veritas Kapital Assurance Plc traded 31.42 cardinal shares, valued astatine N38.41 million.
• Zenith Bank Plc had 22.67 cardinal shares exchanged, worthy N1.06 billion.

MTN raises caller N42.2 cardinal done commercialized papers

Earlier, Legit.ng reported that MTN Nigeria Communications Plc has issued commercialized papers (CPs) to make astir N42.2 cardinal successful further indebtedness capital.

Through the offering of bid 15 and 16 commercialized papers, MTN Nigeria is raising N42.20 cardinal arsenic portion of its N250 cardinal commercialized insubstantial issuance program.

The 180-day and 270-day CPs were issued astatine yields of 27.50% and 29.00%, respectively, according to a regulatory filing.

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Source: Legit.ng