Nigerian Exchange (NGX) All-Share Index shrank by 0.41% or 41 basis points as investors took profit across sectoral names due to negative sentiment. The domestic bourse opened the new week and new month on a bearish note, as key market performance indicators declined by 0.41% just as the Exchange suspend has suspended trading in the shares of Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc, effective Monday, 1 September 2025. Shareholders in the affected insurance companies will not be able to trade the stock on the Nigerian Exchange until the audited results are submitted in the equity market. The local bourse extended its negative momentum from last Friday, weighed down by sustained sell pressure in large and midcap stocks, such as ETERNA, WAPCO, ZENITHBANK, among others. Trading details revealed that NGX All-Share Index shed 573.31 basis points today, representing a drop of 0.41% to close at 139,722.19. Market activities were mixed today as the total volume of all trades consummated decreased by -6.24%, while the total value increased by +42.21%. In a note, Atlass Portfolio Limited told investors that approximately 407.98 million units valued at ₦14,776.75 million were transacted across 33,859 deals.
In terms of volume, FCMB led the activity chart, accounting for 13.76% of the total volume of all trades consummated in the local bourse, followed by ACCESSCORP, FIDELITYBK, NSLTECH (5.51%), and AIICO, rounding out the top five. ARADEL emerged as the most traded stock in value terms, accounting for 36.02% of the total value of all trades on the exchange. SOVRENINS topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by SCOA (+9.83%), CORNERST, GUINEAINS, NSLTECH, UNIVINSURE and nine others.
Thirty-two stocks depreciated, according to data obtained from the Nigerian Exchange. VERITASKAP, ELLAHLAKES, and ETERNA were the top losers, with a price depreciation of -10.00%. Other decliners include TANTALIZER, OANDO, WAPCO, HONYFLOUR (-4.21%), and ZENITHBANK. Stockbrokers reported that market breadth closed negative, recording 15 gainers and 32 losers. Also, the market sectoral performance was negative as all the five major market sectors tracked by Atlass Portfolio Limited were down. The Banking sector declined by – 1.12%, followed by the Industrial sector which depreciated by -0.85% the Oil & Gas sector dipped by -0.45%. The Insurance sector fell by 0.05%, and the Consumer goods sector slipped by -0.03%. Overall, the equity market capitalisation fell by ₦362.77 billion, representing a decline of 0.41%, to close at ₦88.41 trillion.
According to the Exchange, the suspension follows the companies’ failure to file their Audited Financial Statements for the year ended 31 December 2024, as required under Rule 3.1 of the Rules for Filing of Accounts and Treatment of Default Filing. The rule stipulates that where an issuer fails to submit its accounts by the expiration of the cure period, the Exchange shall issue a second filing deficient notification within two business days, suspend trading in the issuer’s securities, and notify the Securities and Exchange Commission (SEC) and the market within twenty-four hours. NGX noted that trading in the affected securities will remain suspended until the companies submit their outstanding financial statements in compliance with the rules.
NGX opens in red, equities investors lose N363bn, suspends trading on three insurance
