The last trading session of the week and January 2025 on the Nigerian Exchange (NGX) Limited ended on a negative note on Friday with a 0.24 per cent loss.
Selling pressure from investors taking profit contributed to the downfall of Customs Street during the session the market participants chew on the financial statements of companies on the exchange.
Yesterday, the banking counter depleted by 1.15 per cent, the energy space evaporated by 1.28 per cent, and the insurance sector fell by 0.48 per cent.
However, the consumer goods index appreciated on Friday by 0.78 per cent, and the industrial goods sector went up by 0.08 per cent.
At the close of business, the All-Share Index (ASI) was down by 240.31 points to 104,496.12 points from 104,744.43 points and the market capitalisation declined by N159 billion to N64.709 trillion from N64.868 trillion.
The market ended with 38 price gainers and 28 price losers, indicating a positive market breadth index and strong investor sentiment.
Oando topped the laggards’ group after it shed 10.00 per cent to close at N68.40, Stanbic IBTC depreciated by 9.94 per cent to N64.35, Ikeja Hotel shed 9.84 per cent to trade at N11.00, UPDC fell by 9.66 per cent to N1.87, and Regency Alliance slumped by 9.21 per cent to 69 Kobo.
Conversely, Beta Glass appreciated by 10.00 per cent to N71.50, Vitafoam Nigeria gained 9.98 per cent to trade at N31.95, Northern Nigeria Flour Mills increased by 9.98 per cent to N60.60, Chellaram expanded by 9.93 per cent to N6.53, and The Initiates rose by 9.90 per cent to N3.44.
A total of 1.3 billion shares worth N15.4 billion exchanged hands in 14,540 deals during the session compared with the 497.4 million shares valued at N11.8 billion traded in 13,716 deals on Thursday, representing a rise in the trading volume, value and number of deals by 154.37 per cent, 30.51 per cent and 6.01 per cent, respectively.
Secure Electronic Technology topped the activity chart with 599.5 million units worth N413.8 million, Japaul traded 108.4 million units valued at N237.6 million, FBN Holdings exchanged 85.5 million units for N2.5 billion, Veritas Kapital sold 67.3 million units worth 72.7 million, and GTCO transacted 32.7 million units valued at N2.0 billion.