See more Nigerian stock market value depreciates by N54 billion

• The Nigerian banal marketplace recorded its archetypal mediocre show for days arsenic the marketplace worth dropped by N54 billion
• Several stocks recorded progressive trading volumes, including UBA, Fidelity Bank, Nigerian Breweries, Tantalizers, and Zenith Bank
• At the adjacent of trading, a full of 556,447,527 shares were exchanged successful 18,505 deals, valued astatine N17.167 billion
• Legit.ng writer Dave Ibemere has implicit a decennary of acquisition successful concern journalism, with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian Exchange Limited (NGX) experienced a flimsy diminution connected Thursday, May 29, aft consecutive days.

Data shows that the e NGX All-Share Index closed astatine 111,818.08 points, which is 0.08% little than the 111,902.61 points successful the erstwhile session.

Nigerian banal marketplace investors suffer N54 billion Photo credit: Nurphoto
Source: Getty Images

Market capitalisation followed suit, decreasing by 54 cardinal to N70.510 trillion from N70.564 trillion.

Seplat Energy emerged arsenic the superior operator of the market's downturn, with its shares plummeting from N5,516 to N4,964.40, marking a nonaccomplishment of N551.60 oregon 10%.

Top 5 gainers:

• Mutual Benefits Assurance Plc roseate by N0.10, expanding from N1.00 to N1.10 per stock (+10.00%).
• University Press Plc gained N0.56, moving from N5.61 to N6.17 per stock (+9.98%).
• Academy Press Plc appreciated by N0.40, climbing from N4.05 to N4.45 per stock (+9.88%).
• SCOA Nigeria Plc precocious by N0.43, rising from N4.47 to N4.90 per stock (+9.62%).
• Livestock Feeds Plc added N0.80, up from N8.35 to N9.15 per stock (+9.58%).

Top 5 decliners:

• Legendary Investments Plc fell by N0.76, dropping from N7.60 to N6.84 per stock (-10.00%).
• Seplat Energy Plc declined by N551.60, decreasing from N5,516.00 to N4,964.40 per stock (-10.00%).
• Abbey Mortgage Bank Plc mislaid N0.68, moving from N6.87 to N6.19 per stock (-9.90%)
• Omatek Ventures Plc shed N0.07, down from N0.78 to N0.71 per stock (-8.97%).
• Learn Africa Plc dropped by N0.28, falling from N4.51 to N4.23 per stock (-6.21%).

Nigeria banal marketplace depreciates for archetypal clip successful days Photo credit: Bloomberg/contributor
Source: Getty Images

Top 5 trades by volume:

• United Bank for Africa Plc recorded 82,571,498 shares valued astatine N2,864,801,893.80.
• Fidelity Bank Plc saw 70,600,316 shares exchanged, amounting to N1,360,871,868.05.
• Nigerian Breweries Plc registered 37,207,563 shares worthy N2,102,474,554.70.
• Tantalizers Plc traded 36,303,143 shares valued astatine N90,973,453.21.
• Zenith Bank Plc posted 27,696,352 shares, with a full worth of N1,343,212,669.15.

Naira gains against dollar to caller speech rate

Earlier, Legit.ng reported that the Nigerian currency has recovered against the United States dollar successful the authoritative overseas speech market aft 3 days of losses.

According to information from the Central Bank of Nigeria, the naira closed astatine N1,587/$1 connected Thursday, May 29, 2025.

Thursday's speech complaint represents a flimsy appreciation of N5 oregon 0.31% from the erstwhile day’s closing complaint of N1,592/$1.

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Source: Legit.ng