Stock market drops by 0.14% in holiday shortened week

In the trading week ended Friday April 4, Nigeria’s equities market decreased by 0.14 percent.

Despite mild interest in banking stocks as investors position for dividends, stocks in other key sectors recorded sell pressure – insurance, oil & gas, and consumer goods leading the pack.

In all, investors booked about N110billion loss in the review trading week.

Early in the review week, Monday, March 31, and Tuesday, April 1, 2025 were public holidays to mark the Eid-el-Fitr celebration.

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The market closed consecutively in red throughout the remaining trading days of the week.

As a result, this year’s positive return decreased to +2.51 percent as at Friday April 4.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation which started the week at 105,660.64 points and N66.257trillion respectively decreased to 105,511.89 points and N66.147trillion.

Iheanyi Nwachukwu

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.