-
Investors in Nigeria Exchange Limited (NGX) suffered a loss of 167 billion guild on Friday.
-
NGX’s bearish trend was caused by a wave of sell-offs and suppressing investor confidence, with 24 stocks causing losses to 22 profitablers.
-
By comparison, the U.S. stock market recorded historical growth, with the Dow Jones industrial average rising by 675 points.
Investors in Nigeria Exchange Limited (NGX) suffered a loss of 167 billion guilds on Friday as market cap dropped by 0.25%.
NGX’s bearish trend is caused by a sell-off wave and investor confidence, putting market observers on the edge.
After NGX’s business ended on Friday, its market value fell to 66.351 trillion n66.351 trillion n66.351 trillion, marking Thursday’s N66.518 trillion n66.518 trillion.
Similarly, the All-Shared Index (ASI) fell 265.81 points, with its settlements of 105,955.13, down from the previous batch of 106,220.94.
Market sentiment remains negative, with 24 stocks causing losses to 22 profiters. On the loser’s table is tactile, which is 9.85% closing at N2.93, Jaiz Bank dropped 9.72% of its shares to settle at N3.25 per share.
Neimeth International Pharmaceutical fell 9.45% to N2.49, while industry heavyweight Dangote Sugar fell 7.76% to N35.05 per share.
On the other hand, the Royal Exchange led Gainers to soar 10% to 88,000.
Also Read: Asake breaks silence in viral video of his so-called father’s open begging ₦1m
Chain guaranteed N1.26 per share soared 9.57%, while Guinea Insurance rose 9.52% to 6.52%. Nigeria’s enamel software climbed 9.05% to N25.30, while Red Star Express rose 8.41%, settling at N5.80 per share.
By comparison, U.S. stock market recorded historical earnings Friday, with the Dow Jones industrial average rising 675 points to about 1.7%.
The S&P 500 rose 2.1%, with the Nasdaq Comprehensive leading the way with a 2.6% gain, its best day since the day after the November U.S. presidential election.
FG makes a request for civil servants seeking names, close relatives change
The federal government has revealed requirements for seeking to move salaries, change their names and close relatives, civil servants.
This was revealed in a memorandum from the Office of the Federal Civil Service on March 12, 2025 and addressed all federal government ministries, departments and agencies.
Continue reading here
