Prime Business AfricaAfter failing to meet its projections in 2024, stock market investors’ confidence in Total Energies, an oil and gas company, dropped in the first quarter of 2025.
The lack of interest among stock market investors led to the value of investments held by Total Energies’ shareholders dropping by 2.62 percent between January to March this year.
Join our WhatsApp ChannelPrime Business Africa’s analysis of the oil company’s stock market performance within the reviewed period showed that shareholders of Total Energies recorded a combined loss of N6.21 billion.
This resulted in the company’s valuation in the equity market declining to N230.77 billion at the end of the quarter, against the N236.98 billion valuation recorded at the beginning of the quarter.
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The decline in investor confidence for Total Energies affected the value of the company’s share during the reviewed period, as the share price went down by N18.3 kobo, from N698 to N679.70 kobo.
Further analysis showed that the low demand for Total Energies shares is a reflection of the industry’s attractiveness during the first quarter, as the stock market oil and gas index fell by 239.19 basis points.
Data obtained from the Nigerian Exchange Limited (NGX) showed that the oil and gas index fell from 2,697.88 to 2,458.69 index, representing an 8.86 percent decline, which is more than the depreciation recorded by Total Energies shareholders.
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