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.

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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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By Iheanyi Nwachukwu • January 15, 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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