The Nigerian Exchange (NGX) closed marginally lower on Thursday, May 23, 2025, as the All-Share Index (ASI) shed 0.14% to close at 109,028.62 points amid sharp declines in trade volume and activity.
Despite a session of mixed sentiments, the market posted 27 gainers against 20 losers, highlighting selective investor interest and heightened caution following recent macroeconomic data.
Market Summary
Indicator
Value
% Change
ASI
109,028.62
-0.14%
Deals
15,927
-38.57%
Volume
637.54 million
-61.04%
Value
₦18.12 billion
-4.05%
Market Capitalization
₦68.75 trillion
+0.19%
YTD Change
+5.93%
Top Gainers: REDSTAREX and ABCTRANS Rally
Leading the bullish chart, REDSTAREX surged 10% from ₦6.10 to ₦6.71, followed by ABCTRANS, which climbed 9.69% to close at ₦2.49. Other notable performers included: MCNICHOLS (+9.05%), LASACO (+8.47%), PRESCO (+7.95%).
Biggest Volumes: TANTALIZER Tops Trade Volume
TANTALIZER led the board with 145.1 million shares traded, followed by Fidelity Bank with 85.6 million shares, and NB Plc with 47.5 million shares.
Bottom Losers: NNFN, TRANSCOT Decline Sharply
NNFM dropped 9.97% to ₦118.70. TRANSCOT fell 9.95%, closing at ₦138.50. Others in the red include LEARNAFRCA (-9.89%), LEGENDINT (-9.52%), SOVRENINS (-8.57%).
Market Sentiment: Low Volumes Signal Caution
Investor sentiment was subdued, as reflected in the 61% drop in volume and 38.57% slide in trades. Analysts attribute this to cautious positioning ahead of expected monetary policy decisions and ongoing inflationary pressures.
Smallest Volumes: Limited Action in ENAMELWA and LIVINGTRUST
ENAMELWA and LIVINGTRUST recorded minimal trading, with ENAMELWA registering just 10 units traded across one deal.
Outlook
With Nigeria’s inflation at 23.71% (April 2025) and the Monetary Policy Rate (MPR) holding firm at 27.50%, investors are expected to remain selective.
