Customs Street Further Gives up 0.09% on Weak Sentiment

By Dipo Olowookere

The for second straight trading day, the Nigerian Exchange (NGX) Limited ended in red after it further gave up 0.09 per cent on Tuesday.

The bears consolidated their control of Customs Street during the session as a result of sustained profit-taking by investors, who were not moved by Q3 2025 financial results released so far.

According to data, the banking space went down by 0.66 per cent, the consumer goods index depreciated by 0.42 per cent, and the industrial goods sector shed 0.25 per cent, while the insurance and the energy sectors appreciated by 1.15 per cent, and 0.08 per cent apiece, with the commodity counter closing flat.

At the close of business, the All-Share Index (ASI) decreased by 142.95 points to 155,353.20 points from 155,496.15 points and the market capitalisation declined by N91 billion to N98.607 trillion from N98.698 trillion.

Yesterday, the bourse ended with a turnover of 525.5 million shares worth N25.4 billion in 32,430 deals versus the 503.0 million shares valued at N24.9 billion executed in 39,972 deals a day earlier.

This showed that the number of deals went down by 18.87 per cent, while the volume of trades and the value increased by 4.47 per cent and 2.01 per cent, respectively.

Sovereign Trust Insurance was the most active stock on Tuesday after it sold 42.7 million units for N187.3 million, Fidelity Bank traded 42.0 million units worth N797.2 million, First Holdco transacted 37.7 million units valued at N1.2 billion, Zenith Bank exchanged 28.1 million units worth N1.8 billion, and Stanbic IBTC transacted 27.5 million units for N3.0 billion.

Business Post reports that investor sentiment was weak during the session after a negative market breadth index as 28 stocks ended in green and 36 stocks finished in red.

McNichols lost 8.81 per cent to trade at N3.00, Lasaco Assurance declined by 8.62 per cent to N2.65, John Holt weakened by 7.69 per cent to N6.00, Livestock Feeds shrank by 7.69 per cent to N7.20, and Ikeja Hotel crashed by 7.32 per cent to N19.00.

On the flip side, Sovereign Trust Insurance appreciated by 9.88 per cent to N4.45, Aso Savings jumped by 9.72 per cent to 79 Kobo, Berger Paints improved by 9.25 per cent to N42.50, Coronation Insurance expanded by 6.90 per cent to N3.10, and AIICO Insurance grew by 6.13 per cent to N3.98.