Nigerian stocks have seen the biggest decline in 3 months in Trump’s tariffs.
Nigeria News Nalin Nigerian stocks reportedly underwent a huge dive on Monday, with global tensions escalating from Donald Trump’s aggressive trade rhetoric swelling in emerging markets.
The Nigerian Exchange’s all-shared index recorded its worst single-day losses in the past three months, down 1.23% from 105,511.89 collapse in the last meeting to 1,295.02 points to 104,216.87 to 104,216.87.
This marked the most important decline since mid-January, when the index fell by 1,526.1 points.
Analysts attribute not only the sell-off not only to local earnings, but also to the rise in global uncertainty about Trump’s announcement of approval of mutual tariffs, an action that has the potential to reveal fragile trade relations and Roil global markets.
The market downturn reflects widespread concerns over how these protectionist policies affect trade flows in developing economies such as Nigeria, foreign investment and capital markets. NGX is often sensitive to foreign portfolio movements, responding to a sell-off wave, dragging down several heavyweight stocks.
Despite bearish sentiment, trade activity is still increasing to 444.1 million shares, up from 348.1 million shares in the last meeting, suggesting that many investors may be repositioning or exiting certain assets.
However, the market value took a hit, falling to N66.4 trillion in 15,690 deals, compared to N66.1 trillion in the previous session.
Negative sentiment is most evident among top shedders, with corn, Oando, NSLTECH and RTBRISCOE having a maximum daily loss of 10.00%.
The losses are particularly noticeable for Oando, which is also listed (stocks worth over 1 trillion), suggesting that even the top stocks are not spared.
In contrast, some outliers provide a green shimmer. VFDGROUP hit the chart of gains, up 10.00% to N62.70, and then the total, which rose 9.61% to N745.00. Other notable risers include Guinea, intestine, intestine and posterior.
Market summary:
- Current ASI: 104,216.87
- Previous ASI: 105,511.89
- Change: -1.23%
- Performance at the beginning of the year: +1.25%
- Trading sales: 444.1 million shares
- Market value: N65.4 trillion
Top 5 Profiters:
- VFDGroup: +10.00% to N62.70
- Total: +9.61% to N745.00
- Guinea: +9.52% to N0.69
- Intenegins: +9.33% to N1.64
- Abbeybds: +8.88% to N5.15
Top 5 Losers:
- Corn: -10.00% to N2.97
- Oando: -10.00% to N37.80
- NSLTECH: -10.00% to N0.45
- rtbriscoe: -10.00% to N2.16
- Honyflour: -9.98% to N10.19
Trading volume person in charge:
- FCMB: 65.4 million shares
- FidelityBK: 42.5 million shares
- GTCO: 34.4 million shares
- AccessCorp: 31.8 million shares
- Zenithbank: 31.6 million shares
Transaction Value Leader:
- GTCO: 2.3 billion n
- Zenithbank: N1.4 billion
- Aradel: N944.6 million
- FidelityBK: N818.3 million
- UBA: 709.5 million
Performance of Awoot and Fugaz:
The global tremors were defeated, and Fugas Bank was also difficult. In the swing category, Oando fell 10.00%, while the Aradel fell 0.6%.
Fugaz Banking majors also face huge losses:
- AccessCorp: -9.27%
- UBA: -7.60%
- firsthold: -6.35%
- GTCO: -5.62%
- Zenithbank: -5.01%
Market prospects
With the index below the psychologically important 105,000 mark, investors are preparing for further volatility.
- The uncertainty of the Trump-proposed tariff wave has cast a shadow on global stocks, especially on borders and emerging markets.
- However, analysts believe that bargaining between large and medium stocks may provide some support if local rationales remain stable.
Despite this, emotions remain fragile. As Trump’s tariff threat adds new geopolitical risks to already abhorred inflation markets, Nigerian investors may remain cautious, weighing global clues with domestic earnings and macroeconomic updates.
