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NGX all-share index drops 992 points, closes week in red

Nigeria Exchange in decline two weeks in a row

The Nigerian All-Share Index ended the week of March 21, 2025, in decline, shedding 992.17 points as the premium index and all subsectors—except consumer goods—recorded losses.

The market dipped by 0.94%, with the index dropping from 105,955.13 to 104,962.96, slipping below the key 105,000 threshold.

Trading activity also weakened notably, as weekly volume dropped from 3.2 billion shares to 2.9 billion, representing an 11.57% decline. This downturn in volume reflects reduced investor participation amid the broader market slide.

Market capitalization also dropped, falling from N66.7 trillion the previous week to N65.8 trillion, dipping below the N66 trillion level.

The number of gainers declined to 32 from 38, while losers increased to 48 from 46, highlighting a generally bearish market trend.

The Nigerian stock market faced a notable downturn last week, with most subsectors ending in negative territory. The All-Share Index began its slide on Monday, falling below the 105,000 mark by Wednesday.

The Nigerian stock market recorded a sharp decline last week, with the majority of subsectors closing in negative territory. The All-Share Index began its downward trajectory on Monday, slipping below the 105,000 mark by Wednesday.

While Thursday brought a further, albeit slight, dip, Friday’s session saw only a modest rebound, leaving the market firmly in the red for the week.

E-TRANZACT INTERNATIONAL PLC topped the losers’ chart with a 26.15% decline week-to-date, followed closely by LIVESTOCK FEEDS PLC, which shed 17.55% over the same period.

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