๐ NGX Market Update: Trading Volume Drops, Turnover Surges on March 25, 2025 ๐๐
The Nigerian Stock Exchange (NGX) closed Tuesday, March 25, 2025, with mixed performance indicators as trading volume declined while market turnover improved significantly.
๐น Key Trading Figures
โ Total Volume Traded: 349.33 million shares
โ Total Deals Executed: 12,450
โ Market Turnover (Value of Trades): โฆ15.08 billion
โ Market Capitalization: โฆ66.2 trillion
Compared to the previous trading session (Monday, March 24):
โข Trading volume dropped by 21% ๐
โข Turnover increased by 44% ๐
โข Number of deals declined by 6% ๐
โธป
๐ Top Gainers ๐
Among 123 listed equities that traded, 29 stocks recorded gains, with May & Baker Nigeria leading the charge with a 10% increase to โฆ8.80 per share. Other top gainers included:
๐น Mutual Benefits Assurance +9.59%
๐น E-Tranzact International +9.38%
๐น Abbey Mortgage Bank +8.86%
โธป
๐ Top Losers ๐ป
On the flip side, 21 stocks declined, with Eterna Plc suffering the most, dropping 9.21% to โฆ34.50 per share. Other top decliners included:
๐ธ Royal Exchange -7.95%
๐ธ Veritas Kapital Assurance -5.98%
๐ธ Wapic Insurance -5.88%
โธป
๐ Most Traded Stocks (by Volume)
The highest trading volumes were recorded in:
๐ฆ Access Holdings โ 36.6 million shares
๐ฆ United Bank for Africa (UBA) โ 26.5 million shares
๐ฆ Universal Insurance Company โ 22 million shares
๐ฆ Fidelity Bank โ 20.5 million shares
โธป
๐ฎ Market Outlook
While trading volume dipped, the 44% surge in turnover suggests that higher-value transactions drove market activity. With financial stocks dominating trade volumes, investor sentiment appears mixed. Will the momentum sustain in the coming sessions? Stay tuned for more updates! ๐๐ข