Nigeria’s equities market on Tuesday recorded its highest daily decline since start of the year 2025.
Investors booked about N1.064trillion loss, a major negative (-1.66 percent) this year, which came as investors took profit in stocks like Dangote Cement, Julius Berger, and Honeywell Flourmills which led the major laggards on the Lagos Bourse at the close of trading.
This week’s negative (-1.73 percent) has almost erased the positive returns this year which now stands at +0.68 percent.
Honeywell share price dropped from N10.60 to N9.54, losing N1.06 or 10 percent. Dangote Cement decreased from N478.80 to N431, losing N47.80 or 9.98 percent.
Read also: Here’re five projections of naira, inflation in 2025
Julius Berger also made the league of major decliners on Tuesday after its share price dropped from N155.30 to N139.80, losing N15.50 or 9.98 percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation decreased from preceding day’s 105,367.25 points and N64.251 trillion respectively to 103,622.09 points and N63.187 trillion.
Analysts at Lagos-based Vetiva had ahead of Tuesday’s trading anticipated mixed market sentiment to continue, “with investors capitalising on profits from previous session gainers while seeking attractive entry points in fundamentally sound names”.
GTCO, Nigerian Breweries, Universal Insurance, AIICO, and Chams were actively traded stocks as investors in 13,052 deals exchanged 511,157,296 shares worth N12.758billion.
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