xThe Nigerian Exchange Limited (NGX) closed last week on a bearish note, wiping off N439bn from the market capitalisation as the All-Share Index dropped by 0.50 per cent to 140,295.50 points. A total of 3.19bn shares worth N85.4bn were traded in 142,…  | By Enitan Ajebukola Ajewumi on September 1, 2025 | xThe Nigerian Exchange Limited (NGX) closed last week on a bearish note, wiping off N439bn from the market capitalisation as the All-Share Index dropped by 0.50 per cent to 140,295.50 points. A total of 3.19bn shares worth N85.4bn were traded in 142,477 deals, lower than the previous week's 4.77bn shares valued at N107.4bn. The financial services sector dominated activity, contributing nearly 70 per cent of the total volume, with FCMB Group, Champion Breweries, and Access Holdings emerging as the most traded stocks. Read also, While 32 equities gained, 57 declined, and another 57 closed flat. Top gainers included McNichols, NEM Insurance, and Berger Paints, while major losers were Secure Electronic Technology, Guinea Insurance, and Lasaco Assurance. Market analysts attributed the dip to profit-taking and cautious trading amid economic uncertainties but advised investors, including SMEs looking at stock market opportunities, to focus on fundamentally strong companies. | | | |
