Nigerian Stocks Shed ₦77bn as Trading Week Begins

The Nigerian stock market opened the week in the red, with investors losing ₦77 billion following price declines in several major stocks.

The All-Share Index fell by 118.66 points, or 0.05 per cent, to close at 247,238.74 points, while market capitalisation dropped to ₦159.511 trillion.

The downturn was driven by losses in stocks including Transcorp Power, Fidson Healthcare, BUA Cement, Nigerian Aviation Handling Company, and NEM Insurance. Market sentiment remained negative, with 32 decliners outperforming 27 gainers.

Thomas Wyatt Nigeria led the gainers with a 9.92 per cent rise to ₦3.99 per share, while Lasaco Assurance and Critical Minerals Financing Corporation also posted strong gains.

On the losing side, Sunu Assurance and Transcorp Power each declined by 10 per cent, closing at ₦3.24 and ₦219.60 respectively.

International Breweries also recorded a sharp drop of 9.85 per cent to close at ₦12.35 per share.

Trading activity remained robust, with investors exchanging 637.96 million shares worth ₦57.2 billion in 71,240 deals.

Access Holdings, FCMB Group and First Holdco were among the most actively traded stocks during the session.

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