The last trading session of May 2025 at the Nigerian Exchange (NGX) Limited ended on a negative note due to profit-taking activities by investors.
The domestic stock market was down by 0.07 per cent on Friday as four of the six key sectors of the bourse ended in red, according to data obtained by Business Post.
The insurance counter declined by 0.41 per cent, the energy space crumbled by 0.23 per cent, the consumer goods index depreciated by 0.17 per cent, and the banking sector crashed by 0.10 per cent, while the industrial goods and commodity sectors appreciated by 0.29 per cent and 0.12 per cent, respectively.
The All-Share Index (ASI) reduced by 76.07 points to 111,742.01 points from 111,818.08 points and the market capitalisation decreased by N48 billion to N70.463 trillion from N70.511 trillion.
Beta Glass lost 10.00 per cent to trade at N232.65, NCR Nigeria also shrank by 10.00 per cent to N6.57, Conoil stumbled by 9.99 per cent to N298.10, Legend Internet depreciated by 9.94 per cent to N6.16, and Industrial and Medical Gases went down by 9.91 per cent to N33.65.
On the flip side, Omatek gained 9.86 per cent to close at 78 Kobo, Red Star Express grew by 9.62 per cent to N8.32, Deap Capital improved by 9.38 per cent to N1.05, Sovereign Trust Insurance rose by 9.09 per cent to N1.08, and May and Baker increased by 8.26 per cent to N11.80.
A total of 27 equities were on the gainers’ chart and 37 equities were on the losers’ table, indicating a negative market breadth index and weak investor sentiment.
Market participants traded 1.9 billion shares valued at N64.2 billion in 18,653 deals on Friday compared with 556.5 million shares worth N17.2 billion transacted in 18,505 deals on Thursday, implying an increase in the trading volume, value, and number of deals by 241.61 per cent, 273.26 per cent, and 0.80 per cent apiece.
UBA led the activity chart after it sold 1.4 billion units of its stocks valued at N49.0 billion, United Capital traded 66.8 million units for N1.3 billion, Access Holdings transacted 54.0 million units worth N1.2 billion, Fidelity Bank exchanged 31.4 million units valued at N606.1 million, and Zenith Bank sold 29.9 million units worth N1.5 billion.