Nigeria’s stock market decreased by 0.90 percent or about N559billion in the trading week ended Friday April, 11. The market recorded three days of negative closes as against two days of positives.

Profit taking in insurance and banking stocks pushed the market lower in the review week.

Muted institutional investors interest in banking, insurance stocks made the market momentum to decrease.

NGX Insurance Index decreased most by 4.57 percent in the review week, followed by NGX Banking Index which was down by 2.20 percent, while NGX Consumer Goods Index decreased by 0.61 percent, NGX Industrial Index (-0.26 percent), and NGX Oil & Gas Index (-0.50 percent).

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This month, the market has decreased by 1.04 percent, while this year’s return moderated to +1.59 percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation which started the review week at 105,511.89 points and N66.147trillion respectively decreased to 104,563.34 points and N65.706trillion.

Overall market sentiment was influenced by flows into dividend-paying stocks as investors positioned ahead of upcoming qualification dates.

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By Iheanyi Nwachukwu • April 11, 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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