*Insurance index records marginal gain
By Bamidele Famoofo
The Nigerian bourse which ranked among the top 10 in Africa in terms of return on investments in 2025, suffered a heavy loss on Tuesday with investors’ fortunes declining by N725billion or 0.57 percent of market capitalisation.
The Nigerian equities market was overwhelmed by the agrregate loss recorded by 44 stocks as against 33 gainers at the end of the trading sessions on Tuesday.
The All-Share Index (ASI) declined by 0.57 percent to settle at 196,066.09 points, moderating the year-to-date return to 26.00 percent . In tandem with the benchmark index, market capitalisation also fell by 0.57 percent, shedding N725 billion to close at N125.86 trillion.
Prempaints, Sunuassur, Conoil, Daarcomm, and Eterna Plc led the gainers’ chart, while Mbenefit, Ftginsure, Redstarex, Austinlaz, and SCOA recorded the steepest losses.
Sectoral performance was largely negative, as the Banking, Consumer Goods, Oil & Gas, and Industrial Goods indices declined by 0.48 percent, 0.29 percent, 0.29 percent, and 0.71 percent respectively.
Conversely, the Insurance index posted a marginal gain of 0.04 percent, while the Commodity index remained unchanged. Trading activity weakened, with the number of deals, traded volume, and trading value declining by 25.04 percent, 2.57 percent, and 11.74 percent to 64,829 trades, 734.5 million units, and N27.56 billion respectively.
