Stock Investors Lose N166bn As Market Closes Week Negative
- The Nigerian Exchange (NGX) closed lower on Friday, extending losses for the week to 3 straight days
- Investors' sentiment remains cautious as profit-taking dominated on the last trading day, with 19 gainers against 31 losers
- VFD Group led trading with 49.3m shares worth N542.2m, followed by Secure Electronic Technology
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian Stock market ended the week negatively after the market depreciated by 0.19% on Friday, August 30.
The All-Share Index (ASI) fell by 261.75 points to 140,295.49 from 140,557.24, while market capitalisation declined by N166 billion to N88.769 trillion from N88.935 trillion.
Source: Facebook
Investor sentiment remained weak as the bourse closed with 19 gainers against 31 losers, reflecting continued profit-taking across key sectors.
Sector performance
- NGX Insurance Index: –1.54%
- NGX Banking Index: –0.88%
- NGX Oil & Gas Index: –0.51%
- NGX Industrial Goods Index: –0.01%
- NGX Consumer Goods Index: +0.14%
- NGX Commodities Index: Flat
Top losers
- John Holt dropped to N6.30 from N7.00, down N0.70 (–10.00%).
- Lasaco Assurance fell to N3.00 from N3.32, down N0.32 (–9.64%).
- Guinea Insurance declined to N1.42 from N1.54, losing N0.12 (–7.79%).
- Universal Insurance slipped to N1.20 from N1.28, down N0.08 (–6.25%).
- Secure Electronic Technology decreased to N0.85 from N0.90, down N0.05 (–5.56%).
Top gainers
- Learn Africa rose to N7.80 from N7.10, gaining N0.70 (+9.86%).
- Union Dicon advanced to N12.10 from N11.20, up N0.90 (+8.04%).
- Prestige Assurance increased to N1.74 from N1.63, up N0.11 (+6.75%).
- Academy Press climbed to N9.55 from N9.00, adding N0.55 (+6.11%).
- Omatek gained to N1.40 from N1.32, up N0.08 (+6.06%).
Source: Getty Images
Market activity
Trading volume, value, and deals declined compared with the previous session.
A total of 435.1 million shares worth N10.4 billion were exchanged in 25,609 deals, representing decreases of 50.84%, 63.25% and 2.12%, respectively, from Thursday’s 885.0 million shares worth N28.3 billion in 26,163 deals.
The activity chart was led by:
- VFD Group: 49.3m shares, N542.2m
- Secure Electronic Technology: 33.2m shares, N28.8m
- Access Holdings: 26.9m shares, N717.0m
- GTCO: 21.3m shares, N2.0bn
- FBN Holdco: 19.9m shares, N646.7m
Meet the six richest Nigerians and their net worth in 2025
Earlier, Legit.ng reported that Nigerian billionaires, both at home and in the diaspora, continue to rank among the richest people in the world.
Forbes reports confirm six Nigerian billionaires, led by Aliko Dangote, among the wealthiest people alive.
The list includes industrial giants, energy moguls, financiers, and tech entrepreneurs who, through investments and value creation, have successfully climbed the ladder of wealth.
Source: Legit.ng
