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Nigerian Exchange Surges Then Dips Amid Profit-Taking

4/30/2025

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Summary

Story summary

The Nigerian Exchange (NGX) kicked off the week on a high note, as the All-Share Index climbed 0.34% to reach 106,116.18 points, boosting market capitalisation by N229 billion. However, the momentum faltered on Tuesday, with profit-taking driving the index down by 1.17% to 105,931.18 points, erasing N1.116 billion in market value.

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Story summary

The Nigerian Exchange (NGX) kicked off the week on a high note, as the All-Share Index climbed 0.34% to reach 106,116.18 points, boosting market capitalisation by N229 billion. However, the momentum faltered on Tuesday, with profit-taking driving the index down by 1.17% to 105,931.18 points, erasing N1.116 billion in market value.