Stock market records mild decline afters sallah holiday

Jun 11, 2025

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Trading activities at the Nigerian Exchange Limited (NGX) resumed on Tuesday with a slight dip, as key market indicators fell by 0.53 per cent following the Eid-el-Kabir public holiday, which kept the market closed on Friday and Monday.

At the close of trading, the market capitalisation dropped by ₦378 billion to close at ₦71.897 trillion, down from the previous figure of ₦72.275 trillion.

Similarly, the All-Share Index declined by 599.27 points, ending the session at 114,017.48, compared to last Thursday’s 114,616.75.

The negative movement came after a week of sustained gains, with analysts attributing the pullback to profit-taking by investors who had capitalised on previous price rallies.

Despite the overall dip, investor confidence remained relatively strong, as the number of gainers outweighed the losers—35 equities recorded appreciation, while 25 posted losses.

Berger Paints led the gainers with a 10 per cent increase, closing at ₦22.55. DAAR Communications and ETranzact also gained 10 per cent each, closing at 66k and ₦6.60, respectively.

Legend Internet followed with a 9.93 per cent rise to ₦5.87, while Omatek Ventures advanced by 8.22 per cent to 79k.

On the downside, RT Briscoe recorded the highest loss, falling by 10 per cent to ₦2.25. John Holt Plc slid by 9.87 per cent to ₦6.85, while Beta Glass dipped 9.69 per cent to ₦210.10.

Aradel Holdings declined 9.09 per cent to ₦500.00, and Deap Capital Management lost 8.16 per cent to close at 90k.

Trading activity also slowed compared to the previous session, with a total of 652.64 million shares valued at ₦18.88 billion exchanged in 23,978 deals.

This marked a significant drop from Thursday’s turnover of 1.46 billion shares worth ₦33.47 billion traded across 16,410 transactions.

Access Corporation topped the volume chart with 88.29 million shares valued at ₦1.97 billion. It was followed by Zenith Bank, which traded 49.33 million shares worth ₦2.52 billion.

GTCO handled 47.25 million shares at a value of ₦3.34 billion, while Fidelity Bank and Wapic Insurance moved 42.92 million and 34.997 million shares, worth ₦844.84 million and ₦70.56 million, respectively.