EduNews

In The News

Share on Your Socials

Edit Content

In The News

Subscribe to Our News Updates

    Sponsored

    Latest News & Updates

    News Interest

    Online Marketplace – List Your Product

    My Bazaar Space

    A leading marketplace for educational and non-educational products,
    offering a diverse range of high-quality materials
    sourced from local and international brands.

    Stock market volatility persists, records 4th consecutive week downturn 

    Advertise here
    Stock market volatility persists, records 4th consecutive week downturn 

    Stock market volatility persists, records 4th consecutive week downturn ,

    By Peter Egwuatu

    The volatility in the Nigerian stock market continued last week with market recording a fourth consecutive week downturn following losses recorded by highly capitalised stocks across the sectors.

    Analysts have emphasised that the volatility experienced last week were compounded by the    global economic uncertainties, coupled with the political upheaval in Rivers State which had continued to put pressure on the stock market.

    Meeanwhile, analysis of trading last week showed that  BUA Cement’s stock price declined by -10.0% followed by Transcorp   -7.8% and GTCO losing -4.6% to drive the Nigerian Exchange Limited , NGX , All-Share Index (ASI) lower by 0.9%   Week on Week, W/W to close on Friday at 104,962.96 points from 105,955.13 points the previous week.  

    As a result, the Month-to-Date and Year-to-Date returns moderated to -2.7% and +2.0%, respectively.  

    Trading activity mirrored the broader market sentiment, as both volume and value fell by 12.1% W/W and 25.3% W/W respectively.  

    Similarly, sectoral performance was predominantly negative, with the Industrial Goods Index declining  by -3.4%, Insurance Index   -2.9% , Banking Index -2.6%, and Oil & Gas -1.1% , while the Consumer Goods Index up by 0.1%

    Commenting on market outlook, analysts at Cordros Research stated: “In the coming week, we anticipate continued market volatility as investors analyse a slew of audited earnings reports and associated dividend announcements set to be released during the week”.

    Commenting on market performance, analysts at InvestData Consulting Limited, said: “The global economic uncertainty and other local concerns in the events that are unfolding in Rivers State are affecting investor confidence, which had continued to put pressure on the stock market, even with rates in the fixed income market inched higher. In all this, NGX pullbacks or corrections are creating new entry opportunities for discerning investors and smart traders to position in value stocks ahead of influx of corporate earnings and end of the quarter window dressing by fund managers and other market operators”.

    On market outlook, the analysts stated: “We expect mixed sentiment on bargain hunting, even as market players digest Treasury bill, TB, auction rates in the midst of profit taking, portfolio reshuffling and digesting of corporate action/ Q1 earnings forecast, as more earnings are expected to hit the market with dividend announcement”. 

    The post Stock market volatility persists, records 4th consecutive week downturn  appeared first on Vanguard News.

    ,

    By Peter Egwuatu The volatility in the Nigerian stock market continued last week with market recording a fourth consecutive week downturn following losses recorded by highly capitalised stocks across the sectors. Analysts have emphasised that the volatility experienced last week were compounded by the    global economic uncertainties, coupled with the political upheaval in Rivers State […]

    The post Stock market volatility persists, records 4th consecutive week downturn  appeared first on Vanguard News.

    , , Urowayino Jeremiah, {authorlink},, , Vanguard News, March 24, 2025, 5:43 am

    ©2025. Edumark Consult All Rights Reserved.

    Visit The Educators Learning Hub

    Enhance your skills with expert-led training sessions!

    Start Learning

    UPCOMING EVENT

    Close
    100% secured platform. Powered by Education Manpower Development Academy

    Get News Updates Directly into Your Email.

    Sign Up for our weekly newsletter featuring Top Stories.

      No, thank you. I do not want.
      100% secure your website.