Customs Street Begins July 2025 on Negative Note, Sheds 0.20%

By Dipo Olowookere

The first trading day in July 2025 on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note on Tuesday with a 0.20 per cent decline triggered by sell-offs in Dangote Cement, Dangote Sugar, GTCO, and other large-cap equities.

The profit-taking, which started on the last session of the preceding month on Customs Street, continued yesterday, with the industrial goods, insurance and energy sectors depreciating by 3.17 per cent, 2.24 per cent, and 1.86 per cent, respectively.

However, the consumer goods improved by 31.60 per cent, and the banking index appreciated by 17.99 per cent, while the commodity counter closed flat.

At the close of transactions, the All-Share Index (ASI) went down by 237.34 points to 119,741.23 points from 119,978.57 points and the market capitalisation depleted by N150 billion to N75.801 trillion from the previous day’s N75.951 trillion.

Yesterday, investors transacted 527.1 million stocks worth N11.3 billion in 21,546 deals compared with the preceding day’s 2.0 billion stocks valued at N44.3 billion traded in 25,172 deals, implying a decline in the trading volume, value and number of deals by 74.06 per cent, 74.72 per cent, and 14.40 per cent, respectively.

Ellah Lakes traded 46.1 million equities for N385.1 million to lead the activity chart, UPDC transacted 38.5 million shares valued at N119.7 million, Universal Insurance exchanged 30.4 million stocks for N18.2 million, Nigerian Breweries sold 28.9 million equities worth N1.8 billion, and Japaul exchanged 21.8 million shares valued at N52.2 million.

The worst-performing stock for the day was University Press after it dropped 10.00 per cent to sell for N5.04, SCOA Nigeria depreciated by 9.83 per cent to N4.86, Thomas Wyatt lost 9.57 per cent to trade at N1.70, PZ Cussons stumbled by 7.89 per cent to N35.00, and Chams fell by 6.38 per cent to close at N2.20.

However, the quartet of RT Briscoe, Honeywell Flour, McNichols, and Mutual Benefits ended at the best-performing stocks as they chalked up 10.00 per cent each to quote at N2.75, N23.65, N2.53, and N1.21 apiece, and Lasaco Assurance gained 9.96 per cent to settle at N2.98.

Business Post reports that a total 47 equities ended on the gainers’ log on Tuesday and 23 equities finished on the losers’ table, indicating a positive market breadth index and very strong investor sentiment.