Emmanuel Ochayi
Nigeria’s equity market recorded a significant loss on Wednesday, wiping out ₦931 billion in investor value. The Nigerian Exchange Limited (NGX) reported a 1.47% drop in the All-Share Index (ASI), bringing it down to 102,095.95 points from the previous day’s 103,622.09 points.
This downturn has pushed the market’s year-to-date return into negative territory at -0.81%.
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Several heavyweight stocks contributed to the market’s decline. Dangote Cement led the losses, falling by 10% from ₦431 to ₦387.90.
Transcorp Power also dropped significantly, decreasing from ₦359.90 to ₦324, a loss of ₦35.90 or 9.97%. John Holt was not spared, slipping from ₦9.41 to ₦8.47, a decline of 94 kobo or 9.99%.
Equity Market Capitalisation Takes a Hit
The equities market capitalisation shrank from ₦63.187 trillion to ₦62.256 trillion. This marks a 3.18% loss for the week so far.
READ ALSO: Nigeria Equity Market Sees Largest 2025 Decline As NGX Loses N1.06trn
Investors exchanged 435,541,755 shares valued at ₦9.442 billion across 12,098 deals. Active trading was seen in stocks like Universal Insurance, AIICO, Access Holdings, Nigerian Breweries, and Livestock Feeds.
Market Analysts Express Concerns
Market analysts have expressed concerns over the steep decline. “The significant losses in heavyweight stocks have created a ripple effect throughout the equity market,” said financial analyst Emeka Obi. “Investors are advised to be cautious as market volatility remains high.”
Investor Sentiment Remains Wary
Investors are understandably wary following the losses. “It’s a tough time for investors,” noted shareholder Maryam Yusuf.
“We need to closely monitor the market and make informed decisions to navigate through this period.”
