…investors book N528bn loss

Stocks of Nigeria’s listed banks as well as that of industrial and oil & gas counters were mostly offered by profit takers on Monday (the first trading day in September) at the Nigerian Exchange Limited (NGX).

These stocks contributed majorly to the market’s record dip by 0.41 percent or N528billion at the close of trading on Monday, which further moderated the year’s positive return to 35.75 percent.

Though all NGX sectoral indices closed in red, NGX Banking recorded the highest dip by 1.12 percent, followed by NGX Industrial (-0.85 percent), and NGX Oil & Gas (-0.45 percent).

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Eterna Plc, Ellah Lakes, and Chams were major draggers on the Bourse despite rally seen in stocks like SCOA, Cornerstone Insurance and Guinea Insurance.

In 33,859 deals, securities traders exchanged 407,975,403 shares valued at N14.776billion.

At the close of trading, the Nigerian Exchange Limited (NGX) All Share Index (ASI) and equities market capitalisation decreased from preceding trading day’s highs of 140,557.24 points and N88.934 trillion to 139,722.19 points and N88.406 trillion.

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By Iheanyi Nwachukwu • September 2, 2025

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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