Nigerian Stock Market Records Third Consecutive Day of Losses, Investors Lose N781 Billion
The Nigerian stock market has recorded its third consecutive day of losses, with 45 stocks contributing to a significant N781 billion loss for investors on Thursday. This downward trend has seen the market capitalization decline by 0.87% to N88.783 trillion, down from N89.564 trillion on Wednesday.
A breakdown of the market performance showed that International Energy Insurance, Thomas Wyatt Nigeria, Veritas Kapital Assurance, BUA Cement, University Press, and 40 other stocks were responsible for the decline. These stocks pushed the Nigerian Exchange Limited (NGX) to its third consecutive loss, with the All-Share Index dropping by 1,233.87 points, or 0.87%, to 140,332.44.
The market breadth also closed negative, with 45 losers and 17 gainers. University Press, Thomas Wyatt Nigeria, International Energy Veritas Kapital, and BUA Cement topped the losers’ table, while Skye Shelter Fund, Jaiz Bank, Secure Electronic Technology, Omatek, and CHAMS led the gainers’ chart.
Thursday’s market activities further declined in market volume, value, and deals, with 573.75 million shares valued at N12.88 billion exchanged across 25,881 transactions. This represents a decrease from the 721.82 million shares valued at N12.94 billion traded across 28,745 transactions on Wednesday.
Despite the bearish run, the NGX had recorded a 133.09% transaction surge from N778.6 billion in June 2025 to N1.8 trillion in July 2025. Similarly, equity transactions increased to a record high of N6 trillion in July, doubling the N3 trillion transacted in the whole of 2024.
The recent decline in the market has raised concerns among investors, who are closely monitoring the situation. The NGX has been experiencing a volatile period, with the market swinging between gains and losses in recent weeks. However, the long-term outlook remains positive, with the market expected to recover in the coming months.
For now, investors will be keeping a close eye on the market, hoping for a reversal of the current trend. The NGX has a history of bouncing back from declines, and many are optimistic that the market will recover its losses in the near future.
