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NGX Weekly Recap: ₦833bn Gone in 4 Days
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Foxnews
53 days agoNGX Weekly Recap: ₦833bn Gone in 4 Days
Nigeria’s stock market had a short week, long losses. Thanks to the public holiday, trading ran just four days — but that was enough to wipe ₦833bn off the board.
Here’s how it played out
The Scoreboard
ASI (All-Share Index): Down 0.94% → 138,980.01 points.
Market cap: Slid to ₦87.94tn.
Turnover: 3.117bn shares worth ₦90.3bn.
Winners (Not Many…)
Sovereign Trust Insurance: Trading champ of the week.
Nigerian Breweries & Fidelity Bank: Still pulling volume despite the dip.
Growth & Commodity Indices: The only indices that didn’t join the slide.
Losers (The Crowd)
64 equities lost value (vs 57 last week).
Only 19 equities gained (vs 32 the week before).
Translation? More red than green on the ticker.
What’s Driving the Mood?
Profit-taking: Investors cashing in their wins.
Cautious sentiment: Waiting out the uncertainty.
Macroeconomic worries: Inflation + FX = jittery trades.
Silver Lining
Even after this week’s losses, the market is still sitting on a 35.03% YTD gain. In other words, long-term players are still smiling.
Foxxymobile Investment Services: We break down the ups, downs, gains, and drains so you can trade smarter, not louder.