March 23, (THEWILL) — Nigeria’s equities market closed lower in Monday’s session as bearish pressure dragged key indicators down, despite a positive market breadth.
The market capitalisation declined from ₦129.125 trillion to ₦127.750 trillion, while the NGX All-Share Index (ASI) fell from 201,156.86 points to 199,014.02 points, slipping below the 200,000 psychological mark.
Investor sentiment, however, remained moderately bullish, as the market recorded 43 gainers against 23 losers, suggesting sustained buying interest in select counters even as profit-taking weighed on large-cap stocks.
Top Gainers
1 PRESCO advanced by 10.00 percent (N1,701.10 to N1,871.20).
2 ZICHIS gained 9.91 percent (N8.58 to N9.43).
3 JOHNHOLT rose by 9.70 percent (N11.85 to N13.00).
4 PREMPAINTS climbed 9.62 percent (N23.40 to N25.65).
5 FTGINSURE appreciated by 9.45 percent (N1.27 to N1.39).
Top Losers
1 CONHALLPLC declined by -9.64 percent (N4.98 to N4.50).
2 DEAPCAP fell by -8.37 percent (N6.45 to N5.91).
3 GTCO dropped -8.18 percent (N114.35 to N105.00).
4 INTENEGINS shed -7.67 percent (N3.00 to N2.77).
5 NB dipped by -7.28 percent (N75.50 to N70.00).
Seplat Energy, Custodian Investment, Julius Berger, Golden Guinea Brewery, and Guinness Nigeria Plc closed flat for the session.
Overall, the market reflects a mixed but resilient tone, with strong participation in mid- and small-cap stocks offsetting declines in key bellwethers, as investors continue to rebalance portfolios.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
