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Investors face setback as NGX records N72.51bn loss

POSTED ON February 18, 2025 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
STOCK MARKET

Trading on the Nigerian Exchange Ltd. (NGX) ended on a negative note, with investors experiencing a loss of N72.51 billion on Monday.

The market capitalisation, which started at N67.418 trillion, decreased by 0.10 per cent to close at N67.345 trillion.

Similarly, the NGX All-Share Index (ASI) fell by 0.10 per cent, finishing at 107,937.74 points. The overall value of shares traded was N12.806 billion across 17,095 transactions on Monday. At the end of trading, 20 companies saw gains, while 42 equities experienced declines in value.

Nigerian Breweries led the gainers with a 10 per cent increase, rising by N3.30 to end at N36.30. Cadbury followed closely, advancing by 9.97 per cent to reach N32.00.

On the other hand, Ikeja Hotel was the top loser, dropping 10 per cent, which translated to a decrease of N1.40, closing at N12.60. Learn Africa also declined by 10 per cent, losing 43k to settle at N3.87.

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